FMBN MD/CEO Osidi Named 2025 Most Transformative Public Sector Leader as NAPS Applauds Fresh Reforms




By National Association of Polytechnic Students (NAPS) October 2025


The National Association of Polytechnic Students (NAPS), the umbrella body representing over 28 million students across Nigeria’s polytechnics, monotechnics and colleges of technology, has again commended the Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Shehu Usman Osidi, describing him as “the most transformative public sector leader of the year.”


This latest recognition follows what NAPS describes as “Year of accelerated reforms, bold restructuring, and visible impact on housing finance nationwide,” marking a new phase in the ongoing transformation of FMBN.


According to NAPS, recent financial updates from the Bank show that FMBN under Mr. Osidi has continued to record positive financial performance, building on earlier surpluses of ₦11.6 billion in 2024 and ₦6.5 billion in Q1 2025.


With improved liquidity and stronger internal controls, the Bank has reportedly expanded access to affordable mortgage financing while reducing operational bottlenecks that previously slowed housing approvals.


In the last two months, FMBN has intensified rollout of inclusive mortgage products such as the Diaspora Mortgage Loan, the Rent-to-Own Scheme, the Non-Interest (Ethical) Mortgage, and the Rent Assistance Scheme, an initiatives that NAPS says are “changing the narrative for low- and middle-income earners, especially young Nigerians.”


The institution has also deepened partnerships with NiDCOM, Shelter Afrique, REDAN, and key PropTech firms, with renewed emphasis on housing delivery for civil servants, artisans, and students.


NAPS highlighted the Bank’s deployment of a modernized Core Banking Application, describing it as “one of the most important public-sector digitization milestones of the year.”

The automation project has reportedly reduced service delays, strengthened transparency, and improved customer complaint resolution timelines across FMBN branches.


In continuation of the recovery drive that yielded ₦18.9 billion in previously impaired loans, the Bank has in recent weeks expanded its internal task teams, marking renewed commitment to accountability and debt recovery.


The student body said these actions demonstrate “courage, discipline, and rare leadership integrity within the public service.”


Speaking on behalf of the student community, NAPS Vice President, Comrade Aliyu Omotayo Yusuf, said the Bank’s performance under Mr. Osidi has exceeded expectations:


“We have watched the FMBN MD closely, especially in the last two months, and it is clear that he is delivering one of the most ambitious reform agendas in Nigeria’s housing sector.

Mr. Osidi has become a model of public-sector leadership, result-driven, innovative, and people-centered.”


He added that FMBN’s renewed focus on affordability, transparency and nationwide inclusion aligns strongly with the Federal Government’s Renewed Hope Agenda.


The association also thanked President Bola Ahmed Tinubu, GCFR, for appointing “a visionary technocrat who has restored public trust in housing policy and created new opportunities for millions of Nigerians.”


“The results coming out of FMBN today are proof that leadership matters.

President Tinubu gave the institution a reformer and the impact is visible,” the statement added.


With consistent financial progress, new partnerships, enhanced digital infrastructure, and youth-focused programmes, NAPS says the FMBN MD has justified national commendation.


Accordingly, the association officially named him:


“Nigeria’s Most Transformative Public Sector Leader, 2025.”

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