FMBN Finances 6,911 Housing Units, Falls Short Of 2025 Target—MD

The Federal Mortgage Bank of Nigeria (FMBN) financed 6,911 reasonably priced housing items and accepted over N208bn in housing and mortgage loans in 2025, reaching 96 per cent of its annual goal of seven,200 items.

The financial institution additionally disbursed over N120bn through the interval to help housing building, mortgage financing, residence renovation, cooperative housing and Rent-to-Own initiatives.

The Managing Director and Chief Executive of FMBN, Shehu Usman Osidi, disclosed this on Monday in Abuja through the commemoration of the 2026 World Habitat Day and World Cities Day.

Osidi stated the achievements underscored the financial institution’s function in selling entry to reasonably priced housing for Nigerians.

He reaffirmed FMBN’s dedication to increasing housing finance choices by means of initiatives such because the Rent-to-Own Scheme, Home Renovation Loans, NHF Diaspora Mortgage Loan and Non-Interest Mortgage Financing.

According to him, the financial institution has formally launched the Diaspora NHF Mortgage Loan to allow Nigerians residing overseas to spend money on reasonably priced housing within the nation.

He added that FMBN would begin the implementation of its Non-Interest Mortgage Product earlier than the tip of October to cater to contributors preferring moral financing choices.

Osidi additionally introduced plans to begin the Rent Assistance Product, designed to ease the burden of hire funds on Nigerian federal civil servants whereas offering a bridge in the direction of eventual homeownership.

He stated the initiatives mirrored the financial institution’s dedication to broadening the pathways by means of which Nigerians may entry first rate and reasonably priced houses.

The FMBN managing director, who described the establishment as Nigeria’s foremost mortgage establishment and custodian of the National Housing Fund, stated its interventions had been guided by the idea that “Everyone Deserves a Home.”

He recommended the Federal Ministry of Housing and Urban Development for its management in advancing the nationwide housing agenda and aligning Nigeria with the worldwide name to deal with the challenges and alternatives of fast urbanisation.

Osidi stated FMBN would proceed to collaborate with the ministry and different stakeholders to develop entry to housing finance and help the supply of reasonably priced houses.

He referred to as on stakeholders to resume their dedication to constructing resilient, inclusive and sustainable cities, stressing that enough housing shouldn’t be a privilege however a proper.