The Federal Mortgage Bank of Nigeria has introduced a performance management system to assess the effectiveness of its employees as a way to achieve its operational goals. 

The Managing Director of FMBN, Shehu Osidi, made this known during a recent meeting with officials from the Office of the Head of the Civil Service of the Federation at the bank’s headquarters in Abuja.

The government had previously put in place a new system for evaluating the performance of civil servants last year.

Osidi stated that this step is part of the efforts to revitalize the public service and establish a new framework for evaluating performance, using specific metrics for all staff.

According to the FMBN leader, the assessment aims to acknowledge accomplishments, identify areas for development, and provide the necessary support and resources for employees to excel.

He stressed that the session was not only about understanding the mechanics of the system but also about embracing its principles and promoting a culture of ongoing improvement and growth.

“It is about recognising that performance management is not a one-time event but an ongoing dialogue between management and employees. It is about empowering our teams to take ownership of their destiny as well as that of our esteemed institution, the FMBN,” he added.

The FMBN chief executive instructed the team to lead by example, inspiring others to adopt a growth mindset, set ambitious goals, and consistently pursue opportunities for learning and development, emphasising that there would be rewards and discipline for every action.

“To our champions, I want to emphasise that this is not a top-down process; it is a collaborative effort. Every one of you plays a vital role in making our performance management system a success. Your feedback, engagement, and commitment are instrumental in driving positive outcomes for both individuals and the organisation as a whole.

“We are keenly aware that human capital is fundamental to the achievement of the bank’s strategic goals; the holding of this event within the first 100 days of our tenure attests to this.”

During his speech, an official from the Performance Management Department, Office of the Head of Service, Rikko Owutte, clarified that the government is implementing a new performance management system that includes an incentive and consequence management system in the service.

"Many individuals escape accountability for their actions because they believe they will not be held responsible. Therefore, with the new performance management system, once you sign your form, you are obligated, and you understand that you are answerable for your actions on your assigned task," he elaborated.