Federal Mortgage Bank of Nigeria's Achievements

The Federal Mortgage Bank of Nigeria (FMBN) has achieved the following milestones :

- *N440 billion disbursement*: FMBN has disbursed N440 billion under its various loan windows to drive affordable housing finance for the Nigerian economy.

- *39,000 new homes*: The bank has delivered approximately 39,000 new homes under the National Housing Fund (NHF) scheme since its re-establishment in 1993.

- *25,500 mortgages*: FMBN has provided around 25,500 mortgages to individuals and families.

- *120,000 micro-housing loans*: The bank has extended over 120,000 micro-housing loans to support low-income housing.

- *Single-digit interest rate lending regime*: All loans were offered under a single-digit interest rate lending regime.

- *NHF scheme contributions*: The bank has registered 26,350 organizations and over 5.8 million cumulative contributors, with over 1 million accounting for the self-employed sector.

- *Refunds to contributors*: FMBN has refunded N84.8 billion to 492,604 contributors who exited the NHF scheme.

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