The Federal Mortgage Bank of Nigeria (FMBN) has mentioned it accredited greater than N208 billion in housing and mortgage loans in 2025 as a part of efforts to broaden entry to inexpensive housing and homeownership throughout the nation.
The Managing Director and Chief Executive Officer of FMBN, Shehu Osidi, disclosed this on Monday, October 19, 2026, in the course of the commemoration of World Habitat Day and World Cities Day in Abuja, organised by the Federal Ministry of Housing and Urban Development.
According to Osidi, the financial institution additionally disbursed over N120 billion in the course of the interval to finance housing improvement, mortgage loans, house renovation and different housing-related initiatives.
FMBN finances 6,911 housing models
Osidi disclosed that the financial institution financed 6,911 inexpensive housing models in 2025, reaching roughly 96% of its annual goal of seven,200 models underneath the Presidential and Ministerial Deliverables.
He defined that the efficiency mirrored FMBN’s efforts to enhance entry to housing finance and help inexpensive housing improvement throughout Nigeria.
- “During the period, over N208 billion in housing and mortgage loans was approved,” Osidi mentioned.
He additional highlighted the financial institution’s disbursements throughout a number of housing finance programmes, together with initiatives designed to help people, property builders and cooperative housing schemes.
- “Over N120 billion disbursed to support housing construction, mortgage financing, home renovation, cooperative housing, and Rent-to-Own initiatives,” he added.
The FMBN chief additionally confirmed the formal launch of the Diaspora National Housing Fund (NHF) Mortgage Loan, designed to allow Nigerians dwelling overseas to entry mortgage financing for property possession in Nigeria.
He introduced that the financial institution deliberate to introduce two extra merchandise earlier than the top of October: a non-interest mortgage scheme for NHF contributors in search of different financing preparations and a hire help programme aimed toward easing rental cost pressures on federal civil servants.
Diaspora mortgage provides N100 million loans
The disclosure comes about two months after FMBN formally launched its Diaspora NHF Mortgage Loan in London, United Kingdom, on August 7, 2026, following an earlier announcement of the initiative in July.
The product was launched to supply eligible Nigerians dwelling and dealing overseas with a structured technique of financing residential property purchases in Nigeria with out having to return to the nation to finish the applying course of.
- Under the scheme, eligible diaspora contributors can entry mortgage loans of as much as N100 million at an annual rate of interest of 9%, with a most compensation interval of 10 years.
- Applicants can enrol in the NHF scheme, fulfil Know Your Customer (KYC) necessities electronically and make the required contributions remotely.
Loan approval stays topic to affordability assessments and different eligibility necessities established by the financial institution.
The initiative varieties a part of FMBN’s broader efforts to increase mortgage financing past home contributors whereas encouraging funding by Nigerians overseas in the nation’s housing sector.
NHF collections rise 48% in 2025
The newest figures construct on FMBN’s earlier disclosures of elevated housing finance actions and stronger National Housing Fund collections, reflecting progress in each the financial institution’s funding base and mortgage approvals.
- In February 2026, the financial institution reported that NHF collections reached a record N152.4 billion in 2025, representing a 48% improve from the N103 billion collected in 2024.
- The NHF is a contributory housing finance scheme designed to mobilise funds and supply eligible contributors with entry to inexpensive mortgage financing.
- FMBN’s housing mortgage approvals elevated to N71.5 billion in 2024, in contrast with N39.7 billion in 2023, representing progress of roughly 80%.
The greater than N208 billion accredited in 2025 represents a rise of at the least 191% in contrast with the N71.5 billion recorded in 2024.
