Do you know who is the new boss of the Federal Mortgage Bank of Nigeria (FMBN)? His name is Shehu Usman Osidi, and he has a remarkable story to tell. He is not just a banker, but a visionary leader who wants to transform the housing sector in Nigeria. In this article, you will learn everything you need to know about Shehu Usman Osidi biography, his banking career, his journey at FMBN, his appointment as the CEO of FMBN, and his vision and plans for the future of housing in Nigeria. This article will provide you with a comprehensive and in-depth biography of Shehu Usman Osidi and his plans for FMBN. You will also discover some of the challenges and opportunities he faces in his new role, and how he intends to overcome them. Whether you are interested in FMBN, housing, mortgage, or Tinubu, this article will give you valuable insights and information. So, let’s get started and meet the new CEO of FMBN, Shehu Usman Osidi.
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Shehu Usman Osidi is a Nigerian banker and the current Managing Director and Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN). He was born on May 10, 1965 in Shafa Abakpa, Toto Local Government Area of Nasarawa State. He obtained his Masters Degree in Business Administration (MBA) from Bayero University, Kano in 2002.
Osidi has over 30 years of banking experience, during which he worked as Branch Manager/Head of Marketing in four different commercial banks before joining FMBN as an Assistant General Manager in 2010. He rose to the position of General Manager in 2023 and retired voluntarily later that year to become the Special Adviser on Housing and Chief of Staff to the Minister of Housing and Urban Development. He was appointed as the MD/CEO of FMBN by President Bola Tinubu in February 2024.
Osidi is an alumnus of Harvard University’s Kennedy School of Government and the University of Pennsylvania’s Wharton School of Housing Finance. He has attended several courses and conferences both locally and internationally on housing finance, public finance management, international financial reporting standards, leadership decision-making, and diaspora investment opportunities.
Shehu Usman Osidi is a member of several professional bodies, such as the Chartered Institute of Personnel Management of Nigeria, the Nigerian Institute of Management, the Chartered Institute of Bankers of Nigeria, the Institute of Credit Administration, and the Association of National Accountants of Nigeria.
Osidi is credited with introducing innovative initiatives to propel FMBN to excellence, such as the Home Renovation, Rent-to-Own, and the Nigerians in the Diaspora NHF Mortgage loan products. He has also overseen the disbursement of over N80 billion to over 77,000 beneficiaries under the Home Renovation loan window and over N1 billion to 76 beneficiaries under the Rent-to-Own loan window.
Osidi is expected to lead the FMBN in delivering affordable housing for millions of Nigerians in need, while providing millions of new job opportunities for the youth, in line with President Tinubu’s vision for the housing and urban development sector.
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Shehu Usman Osidi Age
Shehu Usman Osidi is 58 years old as of 2024. Shehu Usman Osidi was born on May 10, 1965 in Nasarawa State
Shehu Usman Osidi Net Worth
Shehu Usman Osidi net worth is estimated to be around $1 million as of 2024. His main sources of income are his salary as the CEO of FMBN, his investments in the banking and housing sectors, and his properties and assets in Nigeria and abroad.
Shehu Usman Osidi Early life and Education
Shehu Usman Osidi was born on May 10, 1965 in Shafa Abakpa, a small town in Toto Local Government Area of Nasarawa State. He was the third child and the only son of his parents, who were both farmers. He grew up in a humble and hardworking family, where he learned the values of honesty, integrity, and diligence.
Shehu Usman Osidi attended Shafa Abakpa Primary School, where he showed great interest and aptitude in mathematics and science. He then proceeded to Government Secondary School, Nasarawa, where he excelled in his studies and participated in various extracurricular activities, such as sports, drama, and debate. He graduated with flying colors and secured admission to Bayero University, Kano, to study Accounting.
Shehu Usman Osidi obtained his Bachelor of Science degree in Accounting in 1988 and his Master of Business Administration (MBA) degree in 2002 from the same university. Shehu Usman Osidi also pursued further education and training in some of the most prestigious institutions in the world, such as Harvard University’s Kennedy School of Government and the University of Pennsylvania’s Wharton School of Housing Finance. He obtained certificates in Public Finance Management, International Financial Reporting Standards, Leadership Decision-Making, and Diaspora Investment Opportunities.
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Shehu Usman Osidi’s Appointment as CEO of FMBN
Shehu Usman Osidi became the CEO of FMBN in February 2024, after President Bola Tinubu announced the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development. He was chosen among several candidates for his outstanding performance and achievements at FMBN, where he had worked for 14 years in various capacities. He was also recommended by the Minister of Housing and Urban Development, who had worked closely with him as his Special Adviser and Chief of Staff.
His appointment was greeted with applause and optimism by the stakeholders and experts in the housing sector, who saw him as a visionary and competent leader who could take FMBN to the next level. His appointment was also seen as a strategic move by President Tinubu, who had made housing and urban development one of his top priorities in his second term.
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Shehu Usman Osidi Wife, Children and Personal life
Shehu Usman Osidi is happily married to Zulaihatu Salihu, whom he wedded in 1995. They have four children together, three sons and one daughter. His wife is a businesswoman and a philanthropist, who supports her husband’s career and social causes. She is also a devout Muslim and a role model for many women in Nigeria. Shehu Usman Osidi and his family live in Abuja, where he works as the CEO of FMBN.
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