Nigeria’s housing sector will change dramatically as the FHA Mortgage Bank launches a ₦20 billion expansion plan.
Over three years, the bank will open 20 branches, serve 100,000 families, and grow its loan portfolio to ₦100 billion.
At the unveiling of its new Abuja head office, Managing Director Hayatudeen Auwal shared the bank’s ambitious vision.
“We want to make housing finance more accessible while maintaining the financial discipline that has earned trust across Nigeria,” he said.
Mortgage Proven Impact
So far, the bank has facilitated over ₦27 billion in mortgages for more than 3,400 Nigerians.
Additionally, it has helped over 6,000 citizens access home loans through the PENCOM retirement savings window.
“Our credibility comes from our consistency.
We have never missed repayments or failed to meet our objectives,” Auwal emphasised.
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Furthermore, housing finance plays a key role in supporting Nigeria’s broader economic ambitions and growth plans.
Future Projects
He praised President Tinubu’s $1 trillion economy vision and said the housing sector can significantly contribute.
The bank plans a Diaspora Mortgage Project to help Nigerians abroad purchase homes back home.
It also seeks partnerships with pension funds, insurers, and international development agencies while pursuing a national banking licence.
Through these initiatives, FHA Mortgage Bank is actively shaping a future where more Nigerians can own homes.
As a result, the bank is not just expanding; it is building the foundation for national development and economic growth.
