The Managing Director/CEO of Federal Mortgage Bank of Nigeria,FMBN, Shehu Usman Osidi  has stated that as a matter of urgency and priority they are willing to make housing financing more accessible, responsive and investment – friendly for the citizens to own homes.

Speaking at Housing PPP Summit in Abuja, Osidi said, “Our national housing journey is an urgency one to bridge the Nigeria’s housing deficit demands with stronger innovative financing mechanisms, and deliberate alignment between government policy and private sector execution.” 

He declared : over the years, their partnerships with reputable private developers have yielded significant results in expanding access to affordable housing for Nigerian workers and low- and middle-income earners. We firmly believe that sustainable housing delivery at scale cannot be achieved by government alone.

“The housing challenge before us requires robust Public-Private Partnerships that effectively combine public policy support, private sector efficiency, long-term financing, land accessibility, infrastructure provision, and institutional coordination,” he added.

According to MD, the Bank has  positioned itself as a strategic enabler of affordable housing delivery through productive engagement with private developers, state governments, cooperative societies, labour unions, and other critical stakeholders across the housing value chain.

“As a direct result of the Bank’s support to developers under the program through the provision of a N100 billion off-taker guarantee, housing projects under the Renewed Hope Housing and Estates program are currently ongoing in Abuja, Kano, Lagos, Port-Harcourt, Enugu and Maiduguri.”

He said, their experience  showed that where government provides enabling policies and institutional backing, the private sector responds with innovation, efficiency, and scale, and the summit  is to advance, moving beyond policy to practical project execution that delivers measurable impact to Nigerians.

Osidi further explained that under the current management, the Bank has intensified efforts to strengthen developer engagement by improving operational efficiency, deepening digitization, enhancing credit processes, and promoting transparency in loan administration.

“Beyond direct housing construction financing, we have continued to deepen collaboration with developers through off-taker guarantees, mortgage creation support, rent-to-own products, and innovative financing structures designed to improve affordability and accelerate project completion.”

He however urged stakeholders to continue exploring innovative financing models, blended finance structures, land reforms, infrastructure partnerships, and mortgage accessibility solutions that will make homeownership attainable for more Nigerians.