…………..Police authorities want mortgage institutions and private developers to expand access to affordable housing for serving officers.

The Inspector-General of Police has called for greater access to mortgage financing and private-sector investment to improve housing delivery for Nigeria Police Force personnel.

The initiative seeks to reduce reliance on government-funded housing projects by bringing mortgage institutions, private developers and other housing-finance providers into the process.

According to the report, the Nigeria Police Force is seeking to unlock multi-billion-naira mortgage funding as part of a broader strategy to address its housing needs.

Mortgage finance to expand home ownership

Under the proposed approach, eligible police officers could access mortgage financing to purchase homes while private developers participate in housing delivery.

The model would shift the focus from direct government construction towards structured housing finance that supports both development and home ownership.

Mortgage-backed schemes could allow officers to spread housing costs over longer repayment periods based on their income and repayment capacity.

For developers, the arrangement could create a more predictable pool of potential buyers and support purpose-built housing projects.

Private sector investment

The proposed housing strategy also highlights the potential role of private capital in addressing accommodation shortages within the police force.

Private developers, mortgage institutions and housing-finance providers could collaborate on projects designed around the financial capacity of serving officers.

Such partnerships could help address two major challenges simultaneously: increasing housing supply and creating financing options that allow officers to afford the homes being built.

Nigeria’s mortgage challenge

Nigeria’s wider housing deficit is closely linked to limited access to affordable, long-term mortgage financing.

High interest rates, limited household incomes and strict lending conditions have made conventional mortgages difficult for many Nigerians to access.

The police housing initiative therefore points to a broader challenge facing the housing sector.

Increasing housing supply requires more than constructing additional homes. Buyers also need financing mechanisms that allow them to purchase those properties.

Nationwide demand

A structured mortgage-backed housing programme could create significant institutional demand for residential developments.

With police personnel stationed across the country, housing schemes could target major urban centres as well as smaller communities where officers serve.

If properly structured around land availability, mortgage financing and officers’ repayment capacity, the initiative could create opportunities for developers while improving access to home ownership for police personnel.

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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.

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AG Mortgage Bank Plc (AGMB) has unveiled an ambitious five-year expansion strategy aimed at delivering one million mortgages by 2030 while targeting a 20 per cent return on equity (RoE) for shareholders, positioning the lender as a major driver of Nigeria’s housing finance transformation.

The plan, branded Project Momentum 2025–2030, outlines AGMB’s transition into a diversified financial services group with interests spanning mortgage banking, housing microfinance, real estate development, insurance, brokerage, and rental housing solutions.

Expansion Strategy and Housing Finance Growth

According to the bank, the strategy is designed to significantly expand its loan portfolio, grow its customer base, and deepen access to affordable and sustainable homeownership across Nigeria.

AGMB disclosed the details in its Q3 2025 Market Intelligence Report (MIR), which analyses economic and sectoral trends shaping Nigeria’s real estate and housing market. The report notes rising investor interest in real estate as a hedge against inflation, supported by easing inflationary pressures and more stable interest rates.

Nigeria’s Real Estate Market Outlook

The report highlights the scale of opportunity within Nigeria’s housing sector, projecting the residential real estate market to be worth $2.25 trillion by 2025. This demand underpins AGMB’s goal of originating one million mortgages within the next five years.

Beyond residential housing, the broader Nigerian real estate market is estimated at $2.61 trillion in 2025, with a projected compound annual growth rate (CAGR) of 6.87 per cent between 2025 and 2029, reaching approximately $3.41 trillion by 2029.

Growth is expected to be driven by rapid urbanisation, infrastructure investment, and ongoing housing policy reforms.

CEO Highlights Strategic Milestone

Speaking on the report, Managing Director and Chief Executive Officer of AG Mortgage Bank Plc, Ngozi Anyogu, described the period as a defining phase for the institution.

“In September 2025, we marked our 20th anniversary—two decades of innovation, resilience, and service to millions of Nigerians,” Anyogu said.

She added that the bank has evolved into a trusted provider of tailored housing finance solutions, with a renewed commitment to long-term value creation through integrity, innovation, and impact-driven growth.

Green Housing and Digital Innovation

As part of its expansion drive, AGMB has introduced new products including treasury solutions for institutional investors, sustainability-focused housing finance products, and digital-first platforms aimed at supporting SMEs and entrepreneurs.

The bank also plans to scale green and climate-resilient housing initiatives, aligning with Nigeria’s sustainability and climate goals.

Sector Performance and Outlook

The Market Intelligence Report shows improving fundamentals across the sector. Nigeria’s construction sector grew by 5.27 per cent in Q2 2025, while real estate contributed 12.80 per cent to GDP, expanding by 3.79 per cent during the period.

Looking ahead, the real estate sector is projected to grow between 6 and 8 per cent in 2025, with residential housing expected to expand at a CAGR of 7.55 per cent, reaching $3.01 trillion by 2029.

Urban population growth—particularly in Lagos, Abuja, and Port Harcourt—continues to fuel demand for affordable housing solutions.

Positioning for Long-Term Impact

With over 20 years of experience in housing finance, AG Mortgage Bank says it is well positioned to convert strong mortgage origination capacity into securitised, investor-grade assets, while expanding access to inclusive, technology-enabled, and sustainable housing nationwide.

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