AG Mortgage Bank Plc, in collaboration with Cutstruct Technologies Limited, has introduced a delivery-linked housing finance initiative designed to address persistent funding challenges in Nigeria’s real estate sector.
The initiative was unveiled during a Developers Forum co-hosted by both organisations in Lagos, where stakeholders discussed reforms needed to enhance transparency, accountability and project execution within the mortgage ecosystem.
Speaking at the event, the Managing Director and Chief Executive Officer of AG Mortgage Bank Plc, Mr. Ngozi Anyogu, said the model aligns with the bank’s long-term strategy of building a disciplined and collaborative housing finance framework.
According to him, the bank sees property developers not merely as loan recipients but as strategic partners within an integrated value chain focused on timely project delivery and financial prudence.
The Founder and Chief Executive Officer of Cutstruct Technologies Limited, Mr. John Oamen, noted that limited access to structured and transparent financing remains a key obstacle for many developers.
He explained that several viable housing projects fail to reach completion not due to lack of demand or technical expertise, but because financing structures are poorly aligned with project milestones or disbursements are delayed.
Oamen described the partnership as a strategic effort to restore confidence in Nigeria’s housing ecosystem by linking financing to verified delivery stages. He added that the approach offers lenders improved visibility into credible projects while ensuring capital is deployed efficiently.
The delivery-linked model is expected to reduce fund diversion, improve completion timelines and strengthen investor confidence in Nigeria’s mortgage and housing markets.
