Wednesday, July 15, 2026

FMBN reaffirms commitment to affordable housing access

Mr Osidi said the bank was prepared to provide guidance on affordable housing and on-site National Housing Fund (NHF) services.

• July 13, 2026
Federal Mortgage Bank
Federal Mortgage Bank

The Federal Mortgage Bank of Nigeria (FMBN) has reaffirmed its commitment to expanding access to affordable housing finance through stakeholder engagement and increased awareness of its products and services.

The managing director and chief executive officer of FMBN, Shehu Osidi, said this in a statement on Monday by Joe Abuku, the bank’s group head of corporate communications.

According to Mr Osidi, the initiative aims to bridge Nigeria’s housing deficit and ensure that more citizens, particularly low- and middle-income earners, benefit from government housing interventions.

He said the bank was prepared to provide guidance on affordable housing and on-site National Housing Fund (NHF) services during FMBN Day at the ongoing Africa International Housing Show (AIHS) 2026.

“The Africa International Housing Show is Africa’s largest housing and construction exhibition and the continent’s premier annual gathering of housing stakeholders.

“The annual event brings together policymakers, housing finance institutions, developers, investors, construction professionals, and other stakeholders to discuss practical solutions to housing challenges and promote sustainable housing development across Africa,” said Mr Osidi.

Mr Osidi said participants would receive firsthand information on FMBN’s housing finance products, including the NHF Mortgage Loan, Rent-to-Own Scheme and Home Renovation Loan.

Other products include the Cooperative Housing Development Loan, Diaspora Mortgage Product, and additional financing solutions designed to expand access to decent and affordable housing.

He said FMBN Day, themed “Leveraging Partnerships for Sustainable Affordable Housing for Low-Income and Informal Workers”, would provide an opportunity for prospective homeowners, NHF contributors, cooperatives, and employers to engage directly with the bank.

According to him, participants will also be able to explore housing projects financed by FMBN in partnership with developers nationwide and gain insights into available homeownership opportunities.

Mr Osidi added that presentations and interactive sessions would focus on mortgage financing, the operations of the NHF Scheme, loan repayment structures, and other issues aimed at improving public understanding of housing finance.

“FMBN Day at AIHS provides an important platform to engage directly with Nigerians and answer questions on the bank’s housing finance programmes.

“It will also strengthen collaboration with developers, employers, cooperatives, and other stakeholders working to improve access to affordable housing,” he said.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Courtroom

States

Ibadan man pleads guilty of stealing spaghetti, milk, soap, other items worth N750,000

Adeyemo was charged with conspiracy, shop breaking and stealing, to which he pleaded guilty.

Stash of naira cash

Economy

Stock market rebounds, gains N720 billion

The Nigerian stock market rebounded on Tuesday, with investors gaining N720 billion as renewed buying interest lifted key performance indicators.

ISWAP

Africa

UN special agent briefs Security Council on insecurity in Nigeria

On Tuesday, Leonardo Simão briefed the Security Council on political and security developments in Nigeria, West Africa, and the Sahel.

Dementia patients

Health

45% of dementia risk preventable, says WHO

WHO released updated guidelines to reduce the risk of cognitive decline and dementia through evidence-based interventions across the life course.

Collage of TVs

NationWide

Nigeria sets December 2028 for final analogue TV switch-off

The Nigerian government has fixed December 2028 as the deadline for the final transition from analogue to digital television broadcasting.

Shell

Economy

Local Content: Shell awards $518 million contracts to indigenous firms

Shell awarded contracts worth $518 million to indigenous companies in 2025, reinforcing its commitment to growing Nigerian content in the oil and gas industry.