FMBN Exceeds Q4 2025 Targets, Disbursing ₦48.4 Billion in Landmark Housing Finance Milestone
(FMBN) has exceeded its Q4 2025 financial inclusion targets
The Federal Mortgage Bank of Nigeria (FMBN) has achieved a significant operational milestone by surpassing its fourth-quarter (Q4) 2025 financial inclusion targets. During a high-level performance assessment of the Presidential Priorities and Ministerial Deliverables held in Abuja, the bank revealed an actual performance of ₦48.4 billion in housing-related financing. This figure significantly exceeds the ₦25 billion benchmark established by the Central Results Delivery Coordination Unit (CRDCU), marking a nearly 100% over-performance in the quarter.
Commendation from the Ministry of Housing
Dr Shuaib Mohammad Belgore, the Permanent Secretary of the Ministry of Housing and Urban Development (FMHUD), formally commended the bank’s management during the Abuja review. He described the assessment process as a "learning platform" designed to refine institutional effectiveness and accelerate the delivery of affordable housing under the government's Renewed Hope Agenda.
The FMBN delegation was led by the Executive Director of Loans and Mortgage Services, Dr Muhammad Sani Abdu. The assessment highlighted the bank's success in expanding the reach of the National Housing Fund (NHF) to low- and middle-income segments of the Nigerian population.
Strategic Diversification of Mortgage Products
The over-performance in Q4 2025 is attributed to the institutionalisation of several new financial products and aggressive recovery strategies. Key drivers include:
Product Innovation: The introduction of the Rent-to-Own scheme and the Diaspora Mortgage Loan has expanded the contributor base.
Non-Interest Mortgages: Strategic collaboration with the Securities and Exchange Commission (SEC) to offer ethical, Sharia-compliant financing.
Informal Sector Mobilisation: New branch locations in commercially viable hubs beyond state capitals, targeting artisans and small-scale entrepreneurs.
Financial Sustainability and Asset Management
Beyond the ₦48.4 billion disbursement, the bank has maintained a strong trajectory of financial stability throughout 2025. Following an ₦11.58 billion operational surplus in 2024, the bank recorded an ₦13 billion surplus in the first half of 2025. These gains have allowed the FMBN to intensify its support for large-scale housing projects, such as the 1,500 units in Ibeju-Lekki, Lagos, and the Karsana Renewed Hope City project in Abuja.
Management also noted significant progress in clearing the backlog of audited accounts, a move aimed at enhancing transparency and preparing the institution for a planned ₦500 billion recapitalisation exercise in 2026.
Conclusion
The Federal Mortgage Bank of Nigeria’s performance in Q4 2025 underscores its evolving role from a traditional lender to a dynamic vehicle for inclusive economic growth. By nearly doubling its financial inclusion targets, the FMBN is providing critical liquidity to the mortgage sector during a period of macroeconomic volatility. As the bank enters the 2026 fiscal year, the focus remains on sustaining this momentum through digitalization and the full implementation of the Rent Assistance Loan product to further reduce Nigeria’s housing deficit.
