Wammako urges recapitalsiation of fmbn

It seems like you're referring to a news article or a statement made by Wammako, a prominent figure, urging the recapitalization of FMBN (Federal Mortgage Bank of Nigeria).

For the benefit of those who may not be familiar, FMBN is a government-owned bank responsible for providing affordable housing finance to Nigerians. Recapitalization refers to the process of increasing the bank's capital base to enable it to perform its functions more effectively.

Wammako's call for recapitalization may be in response to the bank's current challenges, such as inadequate funding, which could be hindering its ability to meet the housing needs of Nigerians. Recapitalization could help address these challenges by providing the bank with the necessary resources to increase its lending capacity, improve its operations, and enhance its ability to deliver affordable housing finance to Nigerians.

It's essential to note that recapitalization is a complex process that requires careful planning, execution, and monitoring to ensure its success. The government, in collaboration with other stakeholders, would need to develop a comprehensive plan to recapitalize FMBN, including identifying the necessary funding sources, determining the optimal capital structure, and implementing measures to ensure the bank's financial stability and sustainability.

What are your thoughts on Wammako's call for recapitalization of FMBN? Do you think it's a necessary step towards addressing Nigeria's housing challenges?