‘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.
The article reports on government and institutional initiatives regarding housing policy without overt political bias.
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