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FMBN plans to recapitalize by N500 billion and automate to boost Nigeria's homeownership.
The Federal Mortgage Bank of Nigeria (FMBN) aims to recapitalize by N500 billion in 2025 and automate operations.
In 2024, FMBN achieved a significant surplus of N11.58 billion and the highest National Housing Fund (NHF) collection of N103 billion, thanks to increased worker participation.
FMBN plans to boost homeownership through new products and legal framework improvements.
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FMBN planea recapitalizar en N500 mil millones y automatizar para impulsar la propiedad de viviendas en Nigeria.