FMBN Approves Over N208 Billion for Housing Loans in 2025
The Federal Mortgage Bank of Nigeria (FMBN) approved more than N208 billion in housing and mortgage loans in 2025, as stated by Managing Director and Chief Executive Officer Shehu Osidi on October 19, 2026, during the World Habitat Day and World Cities Day event in Abuja. The bank disbursed over N120 billion for housing development, mortgage loans, home renovations, and other initiatives, financing 6,911 affordable housing units, achieving approximately 96% of its annual target of 7,200 units.
Osidi confirmed the launch of the Diaspora National Housing Fund (NHF) Mortgage Loan, allowing Nigerians abroad to access mortgage financing for property ownership in Nigeria. He announced plans to introduce two additional products by the end of October: a non-interest mortgage scheme for NHF contributors and a rent assistance program for federal civil servants.
The N208 billion approved in 2025 marks a 191% increase from the N71.5 billion recorded in 2024.
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
FG Launches Initiative for 100,000 Housing Units Nationwide
FMBN Allocates 430 Homes to NMDPRA Workers in Housing Scheme
Federal Government Targets N85 Million Mortgages by 2028
Nigeria Secures $208M for Social Assistance Program
Nigeria's Housing Minister Targets 5,000 Mortgages by 2028
Nigeria Aims for 100,000 Affordable Housing Units Nationwide
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
