The Federal Mortgage Bank of Nigeria (FMBN) is intensifying efforts to expand access to affordable housing and mortgage financing for Nigerians, its Managing Director/Chief Executive, Shehu Usman Osidi, has said.
Speaking in a recent interview, Osidi outlined a renewed strategic focus anchored on increased housing delivery, improved loan accessibility, and sustained institutional reforms aimed at better serving contributors to the National Housing Fund (NHF).
He said the Bank is prioritising the expansion of its mortgage products to reach more low- and middle-income earners, noting that processes have been streamlined and turnaround times for loan approvals significantly improved.
“Our goal is to ensure that more Nigerians can access affordable mortgage financing without the bottlenecks that previously slowed delivery. We are leveraging technology and reforming our processes to enhance efficiency and customer experience,” he said.
Osidi disclosed that FMBN has also deepened partnerships with reputable developers to boost the supply of affordable housing nationwide. According to him, the Bank is supporting the construction of housing units across multiple states, while maintaining strict oversight on quality and cost.
He noted that ongoing reforms are already yielding measurable results, reflected in improved performance indicators and growing stakeholder confidence in the Bank’s operations.
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The MD further emphasised FMBN’s commitment to transparency and accountability, particularly in the management of NHF contributions, assuring contributors that their funds are safe and being deployed effectively to drive housing development.
“We recognise the trust Nigerians place in us, and we are committed to upholding that trust through prudent resource management and the delivery of tangible results,” he said.
Osidi also highlighted efforts to extend mortgage services to Nigerians in the diaspora, describing the initiative as a strategic avenue to unlock additional funding while enabling more citizens to own homes in the country.
Industry observers say FMBN’s sustained reform drive could help narrow Nigeria’s housing deficit while stimulating economic activity across the construction value chain.
The Bank reaffirmed its alignment with the Federal Government’s housing agenda, positioning itself as a key driver in the push to make homeownership more accessible and affordable for Nigerians.
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