FMBN approves N208 billion in housing loans, finances 6,911 homes
The Federal Mortgage Bank of Nigeria (FMBN) has said it approved more than N208 billion in housing and mortgage loans in 2025 as part of efforts to expand access to affordable housing and homeownership across the…
The Federal Mortgage Bank of Nigeria (FMBN) is the apex mortgage institution charged with managing the National Housing Fund (NHF), a scheme that pools mandatory contributions from Nigerian workers to provide low-interest mortgage loans and support affordable housing delivery. The bank's disbursements are closely watched as a gauge of how far government-backed financing is closing Nigeria's housing deficit, which has long been estimated in the tens of millions of units, and whether contributors to the NHF are seeing tangible returns on mandated deductions from their salaries.
Both Nairametrics and Leadership attribute the N208 billion loan approval and 6,911-home financing figures for 2025 to FMBN's Managing Director and CEO, Shehu Osidi, with Leadership citing a specific briefing where the numbers were disclosed. Neither report provides a breakdown of how the loans were distributed across states, income brackets, or housing types, nor details on repayment performance or the fund's sources of capital for the year.