‘FMBN delivers over 9,000 housing units in two years’
The Federal Mortgage Bank of Nigeria (FMBN) reported financing over 9,000 housing units between 2024 and 2025 to support low-income workers. Meanwhile, the Enugu State Housing Development Corporation is advocating for demand-driven housing models to address the national deficit.
Why it matters
Addressing the housing deficit is a critical economic and social issue in Nigeria, impacting the quality of life for low-income citizens.
The Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Shehu Osidi, has said that the bank has worked assiduously to finance over 9,076 housing units between 2024 and 2025, leveraging sustainable, affordable housing for low-income and informal workers in the country.
Osidi, who spoke at FMBN Day at the Africa International Housing Show (AIHS) in Abuja, said it has become a unique opportunity for them to reflect on their progress, exchange ideas and collectively chart a sustainable path towards expanding access to affordable housing for Nigerians.
The Managing Director argued that the platform has evolved into one of the most important engagements for constructive dialogue between the bank and stakeholders across Nigeria’s housing finance ecosystem, yet these Nigerians deserve decent homes.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in