The Federal Mortgage Bank of Nigeria (FMBN) will launch its Diaspora National Housing Fund (NHF) Mortgage Loan for eligible Nigerians living and working abroad on August 7, 2026, in London, United Kingdom.
- +FMBN to launch Diaspora NHF mortgage loan for Nigerians abroad on August 7
The announcement was made by the Managing Director and Chief Executive Officer of FMBN, Shehu Usman Osidi, during his goodwill message at the 2026 National Diaspora Day Celebration in Abuja, according to a statement issued on Monday by the bank’s Group Head of Corporate Communications, Joe Abuku.
The announcement was made by the Managing Director and Chief Executive Officer of FMBN, Shehu Usman Osidi, during his goodwill message at the 2026 National Diaspora Day Celebration in Abuja, according to a statement issued on Monday by the bank’s Group Head of Corporate Communications, Joe Abuku.
The mortgage product is designed to provide Nigerians in the diaspora with a safe, transparent, and sustainable pathway to own homes in Nigeria while strengthening their economic and emotional ties to the country.
Osidi said the launch marks a major milestone in FMBN’s efforts to expand access to affordable housing finance for Nigerians regardless of where they reside.
He noted that the initiative fulfills the bank’s commitment to providing a trusted and credible platform through which Nigerians abroad can confidently pursue homeownership in Nigeria.
He said the initiative is also expected to stimulate housing construction, create jobs, deepen mortgage penetration, promote greater formalization of housing transactions, strengthen confidence in Nigeria’s mortgage system, and attract more diaspora investment into the economy.
President Bola Tinubu, represented by the Secretary to the Government of the Federation, Senator George Akume, reiterated the Federal Government’s commitment to harnessing the expertise and resources of Nigerians in the diaspora to drive national development.
NiDCOM Chairman and Chief Executive Officer, Abike Dabiri-Erewa, commended FMBN’s forthcoming Diaspora NHF Mortgage Loan, describing it as a significant step toward making affordable homeownership more accessible to Nigerians living abroad.
Dabiri-Erewa also highlighted NiDCOM’s ongoing efforts to protect the welfare of Nigerians overseas, facilitate humanitarian interventions, promote diaspora investment and remittances, and advance initiatives such as the proposed Diaspora Investment Fund, the National Diaspora Health Corps, and advocacy for diaspora voting.
The Minister of Housing and Urban Development, Engr. Muttaqha Rabe Darma, recently announced measures to expand access to mortgage finance through the Federal Mortgage Bank of Nigeria. The reforms are expected to strengthen mortgage accessibility and increase homeownership opportunities for Nigerians.
The measures form part of the Federal Government’s broader efforts to improve access to affordable housing finance and deepen mortgage penetration across the country.
The National Housing Fund (NHF) is Nigeria’s statutory housing finance scheme established to make mortgage loans more accessible and affordable for contributors.
In 2024, FMBN registered 658 employer organisations and 178,619 employees under the NHF scheme, compared with 556 employers and 113,577 employees in 2023.
Osidi said the sustained improvement in collections, refunds, and loan approvals reflects ongoing reforms aimed at improving operational efficiency, reducing turnaround times, and expanding access to affordable housing finance for Nigerians.
