President Bola Tinubu has given his approval for new appointments to the board of the Family Homes Funds Limited (FHFL), appointing Demola Adebise as chairman. The announcement came in a statement released on Tuesday by Ajuri Ngelale, Special Adviser to the President (Media & Publicity). These appointments form part of the federal government’s efforts to strengthen initiatives aimed at boosting growth opportunities in the real estate sector.
The newly appointed executives include Abdul Muttalab as the Chief Executive Officer/Managing Director, Abdullahi Musa as Executive Director (Finance), and Emeka Henry Inegbu as Executive Director (Operations). Additionally, representatives from the Ministry of Finance Incorporated, Nigeria Sovereign Investment Authority (NSIA), namely Sam Okagbue, Musa Ahmed, Dr. Eniang Nkang, and Ms. Bilkisu Usman, have been named as Non-Executive Directors.
In the statement, it was emphasized that President Bola Tinubu expects the newly appointed board members to leverage their expertise, experience, and dedication to steer the Family Homes Funds towards fulfilling its mandate of promoting growth and development in the real estate sector.
The Family Homes Funds Limited (FHFL) plays a crucial role in Nigeria’s housing sector, focusing on initiatives that enhance access to affordable housing for citizens across the country. The board appointments signify a strategic move to bolster FHFL’s operational capacity and effectiveness in delivering on its objectives.
Demola Adebise, the newly appointed chairman, brings a wealth of experience to his role, having served in various leadership capacities within the financial and corporate sectors. His leadership is expected to provide strategic direction and governance oversight to FHFL, ensuring alignment with national development goals and priorities.
Abdul Muttalab, appointed as the Chief Executive Officer/Managing Director, is tasked with driving FHFL’s day-to-day operations and implementing strategic initiatives that support the organization’s mission. His background in finance and management will be instrumental in navigating the complexities of the real estate market and maximizing FHFL’s impact.
Abdullahi Musa, assuming the role of Executive Director (Finance), will be responsible for financial management and resource allocation within FHFL. His expertise in finance and accounting will ensure transparency and accountability in the organization’s financial operations, supporting sustainable growth and development.
Emeka Henry Inegbu, appointed as Executive Director (Operations), brings operational expertise to FHFL, focusing on optimizing processes and enhancing project execution capabilities. His role is pivotal in ensuring efficient delivery of housing projects and operational excellence across FHFL’s initiatives.
The inclusion of representatives from the Ministry of Finance Incorporated and the Nigeria Sovereign Investment Authority (NSIA) on the board underscores collaboration between FHFL and key government entities. This collaborative approach is aimed at leveraging synergies and resources to accelerate progress towards addressing Nigeria’s housing deficit and promoting inclusive economic growth.
President Bola Tinubu’s directive reflects the government’s commitment to fostering a conducive environment for real estate development and housing provision in Nigeria. The appointments highlight a strategic initiative to strengthen governance, enhance operational efficiency, and ultimately, improve the quality of life for Nigerians through access to affordable housing.
In conclusion, the new appointments to the board of the Family Homes Funds Limited (FHFL) mark a significant milestone in advancing Nigeria’s real estate sector. With a mandate to promote growth and development, the board members are poised to steer FHFL towards achieving its objectives, contributing to national economic prosperity and social well-being through expanded access to affordable housing.
