The Federal Mortgage Bank of Nigeria (FMBN) has exceeded its Q4 2025 housing finance target, disbursing ₦48.4 billion to support homeownership and expand access to affordable housing across the country.
The figure, announced during a performance review of Presidential Priorities and Ministerial Deliverables in Abuja, is almost double the ₦25 billion benchmark set for the quarter. Officials said the outcome places the bank among the top-performing institutions driving Nigeria’s housing and urban development agenda.
The review, conducted under the Central Results Delivery Coordination Unit framework, assessed how key government agencies are delivering measurable results. Within this context, FMBN stood out for widening access to mortgage finance, particularly for low- and middle-income earners, in line with the Renewed Hope Agenda’s focus on affordable housing.
FMBN officials attributed the strong Q4 2025 performance to targeted reforms aimed at expanding the National Housing Fund’s reach. By easing access requirements and aligning mortgage products with real income patterns, the bank was able to onboard contributors who had previously been excluded from formal housing finance.
Product diversification also played a critical role. The Rent-to-Own scheme gained wider acceptance, allowing beneficiaries to take possession of homes while paying over time, rather than facing high upfront costs. In addition, the Diaspora Mortgage Loan attracted Nigerians abroad seeking structured and secure pathways to property ownership at home.
The bank also expanded non-interest mortgage offerings through collaborations with relevant regulators. These ethical and Sharia-compliant products broadened participation among individuals who prefer alternative financing models. At the same time, focused outreach to the informal sector increased engagement among artisans, traders, and small business owners, supported by the opening of new branches in key commercial hubs.
Beyond Q4 2025, FMBN reported improved financial stability throughout the year. After posting an operational surplus of ₦11.58 billion in 2024, the bank recorded a ₦13 billion surplus in the first half of 2025. This strengthened balance sheet has supported investments in large-scale housing developments, including a 1,500-unit project in Ibeju-Lekki, Lagos, and the Karsana Renewed Hope City in Abuja.
Institutional reforms also featured prominently in the bank’s progress. Efforts to clear outstanding audited accounts have improved transparency and governance, a move seen as critical ahead of a planned ₦500 billion recapitalisation exercise in 2026.
Analysts say the Q4 2025 performance reflects a combination of strategic execution, product innovation, and stronger financial management. By surpassing its target and sustaining operational surpluses, FMBN has reinforced its position as a central driver of housing finance reform, with implications for reducing Nigeria’s housing deficit in the years ahead.
