The Federal Mortgage Bank of Nigeria (FMBN) has earned commendation for surpassing its fourth-quarter 2025 targets in expanding financial access to Nigeria’s housing market.
The Permanent Secretary, Ministry of Housing and Urban Development, Dr. Muhammad Belgore, gave the commendation during the performance assessment of the Fourth Quarter Presidential Priorities and Ministerial Deliverables, held on Tuesday, January 13, 2026, at the Ministry’s Conference Room.
FMBN’s delegation to the assessment was led by the Bank’s Executive Director, Loans and Mortgage Services, Dr. Muhammad Sani Abdu.
The assessment revealed that the Bank exceeded its ₦25 billion target set by the Central Results Delivery Coordination Unit (CRDCU), recording an impressive ₦48.4 billion performance.
Speaking on the significance of the exercise, Dr. Belgore described the assessment as a platform for institutional learning and improvement. “It is a learning platform; an opportunity to improve,” he said.
The strong performance underscores the strides being made under the Shehu Usman Osidi-led Management in the sustained drive to deepen access to housing finance for Nigerians, especially low- and middle-income earners.
Expressing optimism about improved outcomes across all deliverables in 2026, Dr. Belgore urged the Bank and other stakeholders to intensify efforts and close existing gaps to accelerate the growth and development of the development of the housing sector.
