For Nigerians battling rising rents, expensive land and the growing cost of construction, owning a home can seem like a dream that keeps moving further away. But there is a government-backed financing route that could make homeownership more attainable for eligible Nigerians. The Federal Mortgage Bank of Nigeria (FMBN), through the National Housing Fund (NHF), …
The Securities and Exchange Commission (SEC) said it is partnering with the Federal Mortgage Bank of Nigeria (FMBN) to develop a robust non-interest mortgage (NIM) ecosystem to tackle the country’s housing deficit. The partnership was unveiled at a high-level meeting in Abuja on Friday, November 14. It seeks to create and regulate viable, Sharia-compliant financing …
By Ubong Usoro A group of Nigerian lawyers under the public interest firm Law Capitol has called on the Federal Capital Territory Minister, Nyesom Wike, to urgently address the growing number of abandoned housing estates in Abuja, including the long-vacant BUA Estate in Kado District. In a detailed petition sent to both the FCT Minister …
By Esther Ososanya The federal government has reaffirmed its resolve to tackle Nigeria’s escalating housing deficit through a bold shift towards sustainable urban development, environmental accountability, and climate-resilient infrastructure. The latest commitment was echoed at the Future Conference 2025, which was held in Abuja with the theme, “Sustainable Cities, The Future of Housing.” The high-level …
