The Delta State Government has allocated 10.1 hectares of land to the Federal Mortgage Bank of Nigeria (FMBN) for the development of a housing estate in Ibusa, Oshimili North Local Government Area, as part of efforts to provide affordable housing for state workers.
The Federal Government has directed the Federal Mortgage Bank of Nigeria (FMBN) to work with state governors on bankable projects under the Renewed Hope housing campaign to expand homeownership and reduce the nation’s housing deficit.
The Federal Mortgage Bank of Nigeria (FMBN) says it has released an additional N46.9 billion in funding for the Renewed Hope City projects in Karsana, located in the Federal Capital Territory, and Ibeju Lekki, Lagos.
Access Holding Plc has reported that its total mortgage loans are estimated at approximately N289.3 billion in the first quarter of 2025.
The Federal Mortgage Bank of Nigeria (FMBN) recorded a historic N103 billion collection for the National Housing Fund (NHF) in 2024, marking the highest in the bank’s history.
The Federal Mortgage Bank of Nigeria (FMBN) has set ambitious targets to deliver 5,000 new homes annually, largely through the Renewed Hope Cities and Estates Programme, and disburse 20,000 mortgage loans each year, necessitating quicker turnaround times and improved customer service.
The Federal Mortgage Bank of Nigeria (FMBN) has revealed it has disbursed N440 billion and delivered approximately 39,000 new homes under the National Housing Fund (NHF) scheme since its re-establishment in 1993.
The Federal Government is set to begin construction on an additional 2,000 housing units in eight states across the South and North Central geopolitical zones under the Renewed Hope and Estates programme.
The FMBN has revealed that between 1992 and 2022, the sum of N394.575 billion has been disbursed to beneficiaries.
The FMBN has explained the reasons for the inconsistencies in the accounts of the NHF for workers or subscribers to the funds.
President Muhammadu Buhari has appointed a Managing Director, Executive Directors and reconstitution of the board of the Federal Mortgage Bank of Nigeria (FMBN).
Mr Kabir Yagboyaju has formally assumed duty as the Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN).
