• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FMBN Recommits To Affordable Housing Delivery

by Bidon Mibzar
3 months ago
in News
FMBN
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Mortgage Bank of Nigeria (FMBN) has reaffirmed its commitment to deepening housing finance and mortgage access to enhance affordable homeownership, reduce the existing housing deficit and contribute to the country’s Gross Domestic Product.

Advertisement

The managing director/chief executive of the bank, Shehu Usman Osidi, gave the assurance in a goodwill message conveyed by the bank’s executive director of Loans and Mortgage Services, Dr. Muhammad Sani Abdu, at the FMBN Day Celebration during the 46th Kaduna International Trade Fair at the weekend.

Osidi affirmed that FMBN’s commitment to the achievement of its mission compels the bank to consistently evolve business operations to promote efficiency, while developing dynamic products to suit the different segments of its contributor base, whether low, medium or high-income brackets.

“In this respect, a number of initiatives and products are currently being rolled out to meet the yearnings and needs of the diverse people who are contributors to the National Housing Fund (NHF),” he stated.

Osidi noted that as part of these initiatives, FMBN recently approved an increase in the NHF Mortgage Loan ceiling from N15m to N50m per applicant in response to the calls from high income earners majorly from the private sector.

RELATED

Isese Day: Sanwo-Olu Declares Tuesday Public Holiday

Sanwo-Olu Urges Capacity Building For Robust Procurement System

5 minutes ago
Senate Rejects NEITI’s N960m Personnel Cost

MRA Faults NEITI’s Move To Amend FoI Act

7 minutes ago

“This development has led to renewed interest in the NHF scheme from Nigerians and every request is being promptly attended to,” he asserted.

The MD/CE further revealed that FMBN is the only institution that offers affordable mortgages to Nigerians at single digit rate of between 6 – 7% through products like the NHF Mortgage Loan, Individual NHF Construction Loan, Home Renovation Loan and the Rent-to-Own product.

While reassuring that the bank would continue developing affordable products that would enable it continue to play within these rates despite inflationary pressures, Osidi commended the Kaduna Chamber of Commerce, Industry, Mines & Agriculture (KADCCIMA) for organizing the Trade Fair, expressing optimism that the event would continue to drive engagements on national development.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Affordable HousingFederal Mortgage Bank of Nigeria (FMBN)
SendShareTweetShare
Previous Post

Niger Gov Swears In New NSIEC Chairman, Members

Next Post

National Library Holds Mother Language Day

Bidon Mibzar

Bidon Mibzar

You May Like

Isese Day: Sanwo-Olu Declares Tuesday Public Holiday
News

Sanwo-Olu Urges Capacity Building For Robust Procurement System

2025/06/08
Senate Rejects NEITI’s N960m Personnel Cost
News

MRA Faults NEITI’s Move To Amend FoI Act

2025/06/08
At LEADERSHIP Twitter Spaces, CSOs Ask Federal Govt To Implement Uwais Report
News

Agbakoba, Adegboruwa, Others Pay Tribute To Justice Uwais

2025/06/08
Tinubu’s Eid Reflections: Beyond The Prayers
News

Youth Group Condemns Afenifere Faction’s Call For Tinubu’s Impeachment

2025/06/08
Auto Draft
News

VC Harps On Strategic Research To Achieve SDGs

2025/06/08
COAS Celebrates Christmas With Sick, Wounded Soldiers In Kaduna
News

Insecurity: Army Chief Boosts Morale Of Frontline Troops In Akwa Ibom

2025/06/08
Leadership Conference advertisement

LATEST

Sanwo-Olu Urges Capacity Building For Robust Procurement System

MRA Faults NEITI’s Move To Amend FoI Act

Agbakoba, Adegboruwa, Others Pay Tribute To Justice Uwais

2027: Lagos Group Pushes For Tinubu, Ambode Mandate

Youth Group Condemns Afenifere Faction’s Call For Tinubu’s Impeachment

VC Harps On Strategic Research To Achieve SDGs

The Bold Victory Of The Justified Believer In Christ

Insecurity: Army Chief Boosts Morale Of Frontline Troops In Akwa Ibom

FCT, Neighbouring States To Experience Thunderstorms, Heavy Rainfalls

Romanian Cuisine: Fresh, Healthy, Full Of Flavour

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.