Metro
Addressing Mortgage Financing Hitch, Key to Housing Delivery – Fashola

The Minister of Works and Housing, Mr Babatunde Fashola, says addressing the issue of access to mortgage financing is the panacea to housing delivery challenge in the country.
Fashola said this at the opening of the Board/Management Retreat of the Federal Mortgage Bank of Nigeria (FMBN) on Monday, in Abuja.
The retreat is with the theme: ”Strategy Repositing for Optimised Performance, Organisational Culture Change and Informal Sector Integration’’.
According to him, one of the obstacles of access to housing is the one that impedes access to finance, and this must be removed.
“If we fail to remove this impediment, then we will be failing in the reason for setting up the bank.
“There must be something done to help people pays their rents via their salaries, especially the problem of two-three years rent payment demand by landlords in advance from tenants whose salaries come in arrears,’’ Fashola said.
He, therefore, advised the bank to collaborate with the Nigeria Deposit Insurance Corporation contributors’ fund like other commercial banks do.
Fashola added that this would go a long way to finance the mortgage of contributors since there was nowhere in the world that government does 100 per cent housing financing.
While commending the bank’s board and management for the services rendered such as home refurbishment loans and introduction of the rent to own initiative, he charged them to focus the retreat on better ways to serve the people.
Fashola said that performance and repositioning were key to setting up the bank to provide housing services to the people.
On his part, Mr Ayodeji Gbeleyi, Chairman, Board of Directors, FMBN called for the review of both the FMBN and National Housing Fund (NHF) Acts to incorporate increment in the bank’s share capital.
“Give more flexibility in determining share capital structure in line with emerging realities. There is the case to amend the NHF Act to increase the accretion of contributors to the funds through percentage increase in contributions.
“Source diversification, adoption of initiatives to attract banks and insurance companies and other prospective contributors to participate actively in the NHF scheme.
“The Land Use Act has no specifics provisions for the foreclosure of mortgages and this poses a challenge for investors, as mortgages can take undue advantage of the gap to delay the foreclosure process.
Gbeleyi said to close the gap, states should be encouraged to put in place foreclosure laws through their States Houses of Assembly, adding that only Lagos and Kaduna states had enacted their foreclosure laws.
In his address, Mr Madu Hamman, Managing Director, FMBN said the need to re-focus the direction of the bank was driven by the need to re-align its strategic targets in the light of prevailing economic, financial and social realities.
Also to re-configure the strategy document to incorporate the vision and focus of the bank’s new leadership in implementing Mr President’s mandate for affordable housing delivery to Nigerians especially those in the low and middle income brackets.
“Our collective vision for FMBN in the future is a financially viable and highly adaptive bank capable of adequately coping with the vagrancies of a world transiting, from a volatile, uncertain, complex and ambiguous environment.
“To a brittle, anxious, non-linear and incomprehensible environment as a result of the COVID-19 pandemic and other emergence and unfolding factors.
“To this end, the bank’s strategy document must become the tool for managing a constantly shifting environment as well as one for identifying and utilising opportunities that such challenges may present,” he said.
Hamman said FMBN had therefore adapted “to be the preferred mortgage institution providing reliable and affordable access to homeownership for Nigerian’’ as its corporate vision.
He said that this vision was guided by the mission statement“ to drive the delivery of accessible and affordable homeownership by providing sustainable liquidity, innovative products and services and excellent customer service’’.
Also speaking, Mr Ebilate Mac-Yoroki, President, Mortgage Banking Association of Nigeria (MBAN), said it was imperative for FMBN as one of the virile secondary mortgage market institutions to reposition itself to harness its full potential.
Mac-Yoroki said that the bank should taking cognizance of the current economic realities in the country into consideration while trying to reposition.
”A Board /Management retreat such as this will be ideal to challenge the status quo, tackle difficult issues and forge a camaraderie for the overall benefit of the entire sub-sector.
“The five-year strategy blueprint being articulated by the management demonstrates its commitment toward housing financing in Nigeria.
“In view of the critical importance of the housing financing banking sub-sector to national economic development through its linkages with the money and capital markets and its multiplier effects through spending on housing related materials,” he said.
In a paper presented by the Managing Director, Bank of Industry, Mr Olukayode Pitan, on `Institutional Turnaround for the Next Level’ advocated continuity in the management of the banks.
According to him, lack of continuity in the persons that manage the affairs of the banks is a major setback for the growth and development of the bank.
Pitan called on the bank to have a strategy informed ambition with clearly articulated and properly defined steps in order to achieve set goals.
He also advised the bank to go for long term borrowing especially from pension funds and be ready to implement any decision collectively agreed upon.
Newsmen report that some of the highlights include, health talk on `Mental Health Epidemic: The Big Effect of COVID-19 by Dr Olusola Ephraim-Oluwanuga, Consultant Psychiatrist.
She advised people to get professional help when they could not manage stress.
Newsmen also report that the high point of the event was the official launch of FMBN Corporate Statements by the minister. (NAN)
Metro
FG to Set up Livestock Breeding Centers in Six Geopolitical Zones

The Federal Government on Wednesday disclosed a plan to set up a livestock breeding center in each of the six geopolitical zones to enhance productivity and sustainability.
The Minister of State for Agriculture and Food Security, Dr Aliyu Abdullahi, disclosed this in Kaduna at a two-day interactive session on Government-Citizens Engagement, organised by the Sir Ahmadu Bello Memorial Foundation.
The event is themed, “Assessing Electoral Promises: Fostering Government-Citizens Engagement for National Unity”
Speaking at a plenary on Agriculture and Food Security, Abdullahi said the President Bola Tinubu-led administration is intentional about investing in Nigeria’s livestock sector.
He reaffirmed the federal government’s commitment to fostering synergy among key sectors to achieve the broad objectives of the Renewed Hope Agenda.
Abdullahi said his ministry is collaborating with the Ministry of Education to redesign curriculum for young farmers to adopt modernisation and boost the sector.
According to him, the initiative aims to equip the next generation with modern agricultural skills, technology-driven knowledge, and innovative farming practices to strengthen national food security.
Abdullahi said the synergy among the Ministries of Agriculture, Environment, Water Resources, Livestock Development, and the Marine and Blue Economy are imperative for delivering on the Renewed Hope Agenda.
Metro
FCTA Reads Riot Acts to Health Management Organizations

By Laide Akinboade, Abuja
The Federal Capital Territory Administration (FCTA) on Tuesday said appropriate sanctions will be meted out to FCT Health Insurance Scheme (FHIS) Health Maintenance Organisation (HMOs), failing to promptly remit payments to Healthcare providers.
The FHIS is a social Health Insurance Programme, offering financial protection through access to quality, affordable and equitable healthcare to all FCT residents.
Free enrolment is open to staff of the FCTA and Area Councils as well as vulnerable persons, including pregnant women, while other members of the public can enroll upon payment of N22,500 as premium per annum.
In a bid to improve the quality of healthcare services provided to the FHIS enrollees, about N4 billion, being outstanding/backlog payments for capitation and fee for service for years 2022 to 2024, was approved by the FCT Minister, Nyesom Wike and paid between last year and this year.
This was contained in a statement by the Senior Special Assistant to the FCT Minister on Public Communications and Social Media, Lere Olayinka said the Benefit Package of the FHIS includes the Basic Minimum Package of Health Care services (BMPHS) ranging from promotive, preventive, curative and some rehabilitative care services.
The services include primary preventive care, screening, primary emergency services, and secondary level care such as dental, mental, eye, ear, nose and throat care, physiotherapy, surgeries, laboratory investigations, radiological investigations such as ultrasound scan, x-rays.
However, complaints have been received from some Healthcare providers concerning non-remittance of their payments by some HMOs, under the excuse that bank details of the hospitals were not available, an excuse not acceptable to the government.
Therefore, compliance of the HMOs to the prompt remittance of payments to Healthcare providers, as well as commitment of the Healthcare providers to the discharge of their duties to the FHIS enrollees will be monitored with a view to sanctioning defaulters appropriately.
On implementation of the FHIS in the last one year, there have been payment of all outstanding capitations and fee for service backdated to year 2022 by the end of 2024, improved timeliness in the payment of capitation to HMOs, review and increment of the capitation to Healthcare providers for improved service delivery to enrollees, free enrolment of vulnerable persons especially pregnant women and under-five, poor and indigents, who have started enjoying healthcare services, and accreditation visits to 100 Primary Health Care (PHC) facilities to expand the number of PHC facilities in FCT and improve access to healthcare services in the communities.
Also, all pregnant women who enrolled through the Basic Health Care Provision Fund (BHCPF) Primary Health Care (PHC) Centres across the six Area Councils in the FCT will continue to enjoy free health education, medical consultation and treatment, routine antenatal drugs, laboratory investigations and delivery.
Referral for secondary care including caesarean section, blood transfusion, and treatment of other obstetric complications such as eclampsia, at all the 14 General Hospitals in the FCT is also provided at no cost to the patient through the BHCPF.
Metro
NAF Airstrikes Decimate ISWAP Leadership Cell in Southern Tumbuns

The Air Component of Operation HADIN KAI (OPHK) has neutralized several high-value Islamic State of West Africa Province (ISWAP) commanders and fighters in a decisive air interdiction in the Lake Chad region.
Air Commodore Ehimen Ejodame, the Director, Public Relations and Information, Nigerian Air Force (NAF), made this known in a statement in Abuja on Monday.
Ejodame stated that the mission, carried out on Sunday, targeted Arina Woje, a notorious ISWAP enclave in the Southern Tumbuns of Borno, known as a sanctuary for insurgent leaders.
He said the strike followed a series of credible Intelligence, Surveillance and Reconnaissance (ISR) sorties that confirmed the return of terrorist elements to the area after recent inter-factional clashes.
According to him, ISR data revealed significant terrorist activities, including the movement of foot soldiers, reactivation of structures and the concealment of possible command centres and logistics depots beneath dense foliage.
He added that “acting on credible intelligence, NAF air assets were dispatched to undertake focused strike mission. Aircrew on arrival, acquired and prosecuted pre-selected targets using precision-guided munitions, achieving devastating effects.
“Preliminary battle damage assessment reveals the destruction of several structures housing key ISWAP leaders, fighters, and logistics storage facilities, effectively disrupting the group’s operational planning and resupply efforts in the region.”
The NAF spokesman said the operation reflected NAF’s continued resolve to dislodge terrorist elements, deny them freedom of movement, and support ground forces in restoring peace and stability across Nigeria.
He added that the operations also reinforced the value of intelligence-driven air power missions in modern counter-terrorism operations.