FMBN Achieves N152.4 Billion NHF Collection in 2025
The Federal Mortgage Bank of Nigeria (FMBN) announced a record collection of N152.4 billion from the National Housing Fund (NHF) in 2025, representing a 48% increase from N103 billion collected in 2024. Shehu Osidi, the Managing Director and Chief Executive Officer of FMBN, disclosed this during a press briefing in Abuja, marking his second year in office.
Osidi expressed gratitude to President Bola Tinubu for his confidence in appointing him two years ago. He outlined FMBN's commitment to improving operational efficiency through four strategic pillars and a seven-point agenda.
The NHF refund process also improved, with N15.6 billion paid to 55,068 beneficiaries in 2025, up from N14.4 billion to 44,333 beneficiaries in 2024. The bank's loan approvals climbed to N71.5 billion in 2024, and it has introduced innovative products such as rent-to-own loans and home renovation loans.
Osidi emphasized the need for recapitalization to enhance FMBN's ability to fulfill its mandate and expand affordable homeownership nationwide.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
Read full article
Continue on Nairametrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FMBN Achieves N152.4bn NHF Collections in 2025
Gateway Mortgage Bank Secures N2.2bn for Housing Initiative
Fairmonei Microfin Bank Pays Over N7bn Interest to Savers in Nigeria
FairMoney Microfinance Bank Lends N150 Billion to Nigerians in 2025, Focuses on Financial Inclusion
FGN Savings Bond Sees N5.9bn in February 2026 Subscriptions
FG Urges FHA to Address Nigeria's Housing Deficit
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
