Partners and Institutions
Working Together to Make Homeownership a Reality.” Logos and short blurbs for:
Federal Ministry of Housing and Urban Development
At the centre of the housing ecosystem is the Federal Ministry of Housing and Urban Development, led by Arc. Ahmed Musa Dangiwa, FNIA, FCIB.
The Ministry provides:
- Policy direction, coordination, and oversight of all federal housing institutions.
- Strategic programme design under the Renewed Hope Agenda, including:
- The Renewed Hope Cities & Estates Programme
- The National Urban Renewal and Slum Upgrade Programme (NURSUP)
- The National Land Registration, Documentation, and Titling Programme (Land4Growth)
- The Building Materials Manufacturing Hubs Initiative
- The National Artisan Skills Acquisition Programme (NASAP)
FMHUD ensures that housing development aligns with the President’s Renewed Hope priorities: affordability, inclusiveness, sustainability, and local content. It also acts as the bridge between state governments, the private sector, and international development partners.
Federal Mortgage Bank of Nigeria (FMBN)
The FMBN is Nigeria’s apex mortgage institution and serves as the financial backbone for affordable homeownership. It mobilizes funds through the National Housing Fund (NHF) — a contributory savings scheme — and provides low-interest mortgage loans, rent-to-own products, and construction financing for individuals and cooperatives.
FMBN makes it possible for low- and middle-income earners to own homes by paying over long tenors of up to 30 yearsat an affordable interest rate of 6% per annum. Its core products include;
- NHF Mortgage Loan: Up to ₦50 million at 6% annual interest, repayable over as long as 30 years.
- Rent-to-Own Housing Scheme: Move into your home and pay monthly rent that converts to ownership.
- Individual Construction Loan: Build on your titled land, with funding up to ₦50 million.
- Home Renovation Loan: Up to ₦1 million for NHF contributors to upgrade existing homes.
- Cooperative Housing Development Loan: For registered cooperatives to build and allocate homes to members.
Access Steps:
- Register as an NHF contributor through your employer or directly with FMBN.
- Approach an accredited Primary Mortgage Bank (PMB).
- Submit necessary documentation (NHF number, payslips, ID, proof of employment).
- FMBN processes and approves the loan; the developer is paid directly.
Example:
- A nurse earning ₦180,000 monthly can access a ₦10 million NHF mortgage at 6% interest to buy a 2-bedroom apartment, repaying about ₦58,000 monthly for 25 years.
Federal Housing Authority (FHA)
The FHA is the government’s housing delivery agency, responsible for building, managing, and maintaining housing estates across Nigeria. It offers direct sales, rent-to-own, and site-and-services schemes for Nigerians seeking ready-to-occupy homes or plots to build on. FHA also leads urban renewal projects that revitalize old estates and upgrade city housing infrastructure.
Core Offerings:
- FHA Direct Sale Scheme: Purchase completed homes built by FHA nationwide.
- FHA Rent-to-Own Scheme: Pay monthly rent over time until ownership is achieved.
- FHA Site & Services Scheme: Buy serviced plots with infrastructure for self-construction.
- FHA Urban Renewal Programme: Redevelopment and modernization of old housing estates.
Target Beneficiaries:
- Civil servants, private sector workers, diaspora Nigerians, and cooperatives seeking affordable homes.
Example:
- An Abuja civil servant can purchase an FHA 3-bedroom apartment in Lugbe under a 20-year rent-to-own plan.
Access Steps:
- Visit any FHA zonal or site office to view available estates.
- Fill an application form and choose preferred unit type.
- Provide ID, proof of income, and payment plan preference.
- Upon approval and payment, receive offer letter and move in.
Family Homes Funds Limited (FHFL)
The FHFL focuses on social housing and affordability. It targets Nigerians earning less than ₦100,000 per month — people who are often excluded from traditional mortgage markets. FHFL delivers homes priced between ₦2 million and ₦10 million, creates jobs through construction, and partners with developers and state governments to deliver Renewed Hope Social Housing Estates nationwide.
Nigeria Mortgage Refinance Company (NMRC)
The NMRC strengthens mortgage market liquidity by refinancing mortgage loans issued by banks and primary mortgage institutions. It sets uniform lending standards, develops mortgage-backed securities, and ensures banks can lend to homebuyers at longer tenors and lower interest rates. Through its Mortgage Market Information Portal (MMIP), Nigerians can compare mortgage products nationwide.
Ministry of Finance
Incorporated (MOFI)
The Ministry of Finance Incorporated is a Special Purpose Vehicle under the Ministry of Finance, established to drive infrastructural development in key sectors. It’s new institutional mechanism MREIF is designed to crowd in private and institutional capital into housing delivery. It provides:
- Single Digit Mortgage Financing through Primary Mortgage Banks
- Off-take guarantees for developers — ensuring their built units are purchased by end-buyers.
- This helps developers access financing earlier and gives homebuyers more affordable options.
Infrastructure Credit
Guarantee Company (InfraCredit)
- A private guarantee institution that supports PPPs by providing credit enhancement and risk guarantees.
- Enables developers and investors to raise long-term, local currency bonds for housing and infrastructure.
Impact:
- Mobilization of over private capital for housing delivery.
- Strengthened confidence in the housing value chain.
Shelter Afrique
Development Bank (ShafDB)
A Pan-African housing development bank jointly owned by African governments, including Nigeria. Partnering with FMHUD to:
- Provide long-term development finance for affordable housing projects.
- Offer technical support and capacity building for developers.
- Finance public-private partnership housing schemes.
FMHUD and ShafDB are co-developing a Housing PPP Framework that connects Nigerian developers with ShafDB-backed funding.
Impact:
- Joint pipeline of 5,000 housing units under Renewed Hope Cities initiative.
- Access to USD 100 million in concessional financing for Nigerian developers.
IFC EDGE Programme
International Finance Corporation (IFC) – EDGE Green Building Partnership
The IFC, a member of the World Bank Group, works with FMHUD to mainstream green building standards and promote climate-smart housing. Through its EDGE (Excellence in Design for Greater Efficiencies) platform, IFC provides:
- Certification for energy-efficient and resource-saving housing.
- Technical training for ministry staff, developers, and builders.
- Access to concessional climate financing for certified projects.
The partnership aligns with FMHUD’s drive to reduce energy costs and environmental impact.
Impact:
- Over 5,000 housing units targeted for EDGE certification across Renewed Hope Estates.
- Reduction in building energy and water consumption by up to 40%.