Apex mortgage institution, Federal Mortgage Bank of Nigeria (FMBN) has disbursed a total of N23.3billion under its (HRL) Home Renovation Loan scheme. Out of this, N132.520 million has been given to members of Lagos State Public Servant Housing Cooperative. FMBN Managing Director, Ahmed Dangiwa who made this known during the presentation of the symbolic cheque…

The Managing Director of Family Homes Fund (FHF), Mr. Femi Adewole has said that the programme was set to boost cooperative housing through its rolled out funds.   Adewole made this known at a cooperative housing workshop organised by the Nigeria Integrated Social Housing (NISH), Affordable Housing Limited in collaboration with Family Homes Funds (FHF),…

Prince Oluseyi Lufadeju is a former Managing Director of the pan-African finance institution - Shelter Afrique and currently, Chairman, Board of Trustees, Real Estate Developers Association of Nigeria (REDAN). In this interview, he spoke with the Property & Environment Editor, CHINEDUM UWAEGBULAM on how property developers are weathering the storm in the housing industry and…

The Management of the Federal Mortgage Bank of Nigeria (FMBN) has recorded historic improvements in the speed and scale of its mortgage loan operations, in its determination to improve service delivery and extend access to its affordable housing to Nigerian workers.

PROF. MUSTAPHA ZUBAIRU is a renowned architect and town planner. He is the project manager, Niger State Urban Support Programme. Zubairu who spoke to Property & Environment Editor, CHINEDUM UWAEGBULAM offered solutions to Nigeria’s lingering housing challenges, among other issues. Providing housing for the low-income has remained a big task for governments. Do you think, we…

A triparite agreement has been reached between the housing corporations, apex mortgage bank and affordable homes focused fund to boost stocks for the low- income earners in the country. The deal between Association of Housing Corporations of Nigeria (AHCN), Federal Housing Authority (FHA), the Federal Mortgage Bank of Nigeria (FMBN) and Family Homes Fund (FHF),…

Office of the Head of Service of the Federation (OHOSF) is to adopt the rent-to-own housing scheme developed by the Federal Mortgage Bank of Nigeria (FMBN) for allocation of houses under the Federal Integrated Staff Housing (FISH) programme to federal civil servants. The Head of Service of the Federation, Mrs. Winifred Oyo-Ita disclosed this at…

For transparency and accountability in the operations of the National Housing Fund (NHF), the Federal Mortgage Bank of Nigeria...

Nigeria’s leading mortgage institution, the Federal Mortgage Bank of Nigeria (FMBN) has disbursed housing loans totaling N40.9 billion to 1,843 National Housing Fund (NHF) contributors. The bank has also provided home renovation loans totaling N14.072billion to 16,031 Nigerian workers, and processed N12.4billion refunds to contributors and registered 224,752 to the fund. The figures was released…

In less than two years, the Federal Mortgage Bank of Nigeria (FMBN) has recovered N5.4billion bad loans from debtors. The loans - N2.4billion and N3billion were recovered in 2017 and 2018 respectively. FMBN Managing Director, Ahmed Dangiwa, an architect revealed that the bank used the services of recovery agents, who also restructure some debtors loans…

No fewer than three building and civil engineering firms have been selected to pilot the National Affordable Housing Delivery Programme (NAHDEP) in Abia State. The programme handled by Federal Mortgage Bank of Nigeria (FMBN) in collaboration with labour unions- Nigeria Labour Congress, Trade Union Congress and Nigeria Employers Consultative Association will be located at Ubani…

The most comprehensive effort yet, towards decreasing the housing gap in six States is now underway, with the apex mortgage agency and labour unions backing the scheme.Named ‘National Affordable Housing Delivery Programme for Nigerian Workers’, the Federal Mortgage Bank of Nigeria ...