FMBN Achieves N152.4bn NHF Collections in 2025
The Federal Mortgage Bank of Nigeria (FMBN) announced that it recorded N152.4 billion in National Housing Fund (NHF) collections for 2025, representing a 48% increase from N103 billion in 2024. Usman Osidi, the managing director of FMBN, disclosed this during a press briefing marking his two-year tenure.
He attributed the growth to reforms aimed at enhancing financial sustainability and operational efficiency. The bank registered 139,000 new contributors, bringing the total to 300,000 over the past two years.
FMBN also paid N15.6 billion to 55,068 beneficiaries in 2025, compared to N14.4 billion for 44,333 beneficiaries in 2024. Additionally, the bank financed 6,911 housing units in 2025, achieving 96% of its annual delivery target.
Despite these successes, Osidi noted that the bank remains undercapitalized and is targeting a recapitalization drive of N750 billion as part of its reform agenda.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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