AG Mortgage and Cutstruct Launch Housing Finance Model

AG Mortgage Bank Plc, in partnership with Cutstruct Technology Limited, has introduced a delivery-linked housing finance model designed to enhance project completion rates and strengthen Nigeria's housing delivery system. This initiative was unveiled during a development forum co-hosted in Lagos.

Mr. Ngozi Anyogu, Managing Director and Chief Executive Officer of AG Mortgage Bank Plc, stated that this initiative is part of the bank's broader strategy to build a collaborative mortgage ecosystem.

He emphasized that the bank views development not merely as a loan for beneficiaries but as a strategy to partner within the shared value chain. Mr.

John Oamen, Founder and Chief Executive Officer of Cutstruct Technology Limited, noted that access to structured and transparent finance remains a significant constraint to development, with many viable projects stalling not due to a lack of demand but rather due to misaligned funding and timelines. This collaboration aims to restore confidence in the ecosystem by providing structured capital development and offering lenders clearer visibility into credible projects.