The Federal Mortgage Bank of Nigeria (FMBN) has reaffirmed Nigeria’s leadership in housing finance and development banking as it hosted a delegation from the Central Bank of Ghana (CBG) on a study tour aimed at deepening regional collaboration and shared learning among African financial regulators.
The delegation from Ghana, comprising Mr. Manuk Kofi Grekor and Ms. Jeberta Lomofio Boadu, was led to FMBN by representatives of the Central Bank of Nigeria (CBN), headed by Mr. John Onoja, Director of Financial Policy and Regulations on Tuesday, January 20, 2026.
Received by FMBN’s Managing Director/Chief Executive, Shehu Usman Osidi and the Executive Directors of Loans and Mortgage Services, Hon. Dr. Muhammad Sani Abdu, Finance and Corporate Services, Mr. Ibidapo Odojukan and Business Development and Portfolio Management, Mrs. Chinenye Chinedu Anosike, the visit formed part of a broader engagement designed to expose the Ghanaian delegation to Nigeria’s housing finance ecosystem and the role of specialised development finance institutions.
Osidi described the visit as timely and significant, noting that housing remains a critical pillar of social stability and economic growth across Africa.
He commended CBN for extending the engagement to key development finance institutions, stressing that the move reflected a growing recognition of their impact-driven role in national development.
According to him, the persistent housing deficit across the continent calls for innovation, collaboration and purposeful leadership.
“This reality requires innovation, collaboration, and purposeful leadership from institutions like ours. It is in this spirit that today’s engagement is truly significant,” he said.
The FMBN Chief Executive outlined the Bank’s mandate as Nigeria’s foremost provider of affordable mortgage and construction finance, with a focus on low- and middle-income earners. He disclosed that FMBN is introducing new solutions such as Rent Assistance and the NHF Diaspora Mortgage Loan to cater to Nigerians at home and abroad.
In his remarks, Mr. Onoja said the interaction was significant as it showcased Nigeria’s leadership in financial sector development and underscored the benefits of collaboration among African regulators. He added that such engagements demonstrate the depth of development achieved through cooperation and affirm the strong partnership among regulatory institutions on the continent.
On his part, Mr. Grekor thanked the FMBN Management for the warm reception, explaining that the delegation was keen to learn from Nigeria’s experience and better understand how FMBN’s activities impact the wider economy.
As part of the programme, FMBN’s Group Head, Strategy and Performance Management, Mr. Oladapo Fakeye, delivered a detailed presentation on the Bank’s mandate, operations and activities, providing insight into its housing finance models and interventions.
The visit also featured a site inspection of the Renewed Hope Cities and Estates Project in Karsana, Abuja, where FMBN is funding the construction of 576 housing units and providing a ₦100 billion Bankable Off-taker Guarantee.
