AG Mortgage Bank Targets 1 Million Homes with 20% Returns by 2030
AG Mortgage Bank PLC has unveiled an ambitious five-year growth plan aiming to deliver one million mortgages by 2030 with a target of 20% return on equity. The plan includes expanding its footprint in Nigeria's housing finance ecosystem, diversifying its services, and supporting sustainable housing initiatives.
The bank's market intelligence report projects significant growth in Nigeria's real estate sector, highlighting investor interest and opportunities in the residential market valued at approximately 2.61 trillion in 2025. AG Mortgage Bank aims to position itself as a key enabler of Nigeria's national housing agenda, promoting affordable homeownership and long-term economic prosperity.
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