The Federal Mortgage Bank of Nigeria (FMBN) has stated it permitted 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 items
Osidi disclosed that the financial institution financed 6,911 inexpensive housing items in 2025, attaining roughly 96% of its annual goal of seven,200 items beneath the Presidential and Ministerial Deliverables.
He defined that the efficiency mirrored FMBN’s efforts to enhance entry to housing finance and assist inexpensive housing improvement throughout Nigeria.
- “During the period, over N208 billion in housing and mortgage loans was approved,” Osidi stated.
He additional highlighted the financial institution’s disbursements throughout a number of housing finance programmes, together with initiatives designed to assist 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 tip of October: a non-interest mortgage scheme for NHF contributors searching for different financing preparations and a lease help programme aimed toward easing rental fee pressures on federal civil servants.
Diaspora mortgage affords 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 offer 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 kinds 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 development 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 development of roughly 80%.
The greater than N208 billion permitted in 2025 represents a rise of at the very least 191% in contrast with the N71.5 billion recorded in 2024.
