ASHENEWS reports that the Nigerians in Diaspora Commission (NiDCOM) and the Federal Mortgage Bank of Nigeria (FMBN) have assured Nigerians in the Diaspora that the diaspora mortgage scheme will be in operation within the next three months.
This was made known during a strategic meeting between Abike Dabiri-Erewa, Chairman/CEO of, NiDCOM and the new Managing Director and Chief Executive, of FMBN in Abuja, Mr Shehu Usman,
According to NiDCOM, the Diaspora Mortgage Housing Scheme is primarily targeted at Nigerians in the Diaspora to become homeowners in their country and create credible investment opportunities for themselves and other Nigerians.
In her remarks, the NiDCOM Chairman/CEO noted that an extended three-month test run will be done to avoid lapses on the portal in the long run and enable the new Head of FMBN to get sufficiently acquainted with the project.
On his part, the new FMBN Chairman, Shehu Usman expressed confidence that the project will be launched as promised before the second half of the year.
Usman noted that the platform will allow Nigerians in the Diaspora to access funding facilities for housing projects, being one of the pragmatic steps from the Federal Government in recognition of the Diaspora’s efforts to the country, as key players in economic sustainability.
Usman further said that the platform will result in job creation and a high patronage of Made-in-Nigeria products and services which will bolster Nigeria’s GDP.
The new FMBN Chief Executive stated that the test runs done on the platform will ensure a seamless and user-friendly portal.
The new Bank Head presented an amended draft of the Memorandum of agreement while stating that a six-man technical party, consisting of three members each from FMBN and NiDCOM, will spearhead the conclusion of the novel project.
Usman commended the NiDCOM Chairman for building pragmatic relations with FMBN and hopes for future and stronger partnerships.
