The Federal Mortgage Bank of Nigeria (FMBN), has recorded a major performance milestone, exceeding its fourth-quarter 2025 financial inclusion targets and strengthening access to housing finance in Nigeria.
At a high-level performance assessment of the Fourth Quarter Presidential Priorities and Ministerial Deliverables held in Abuja, Nigeria’s capital. The Bank was formally commended by the Permanent Secretary of the Ministry of Housing and Urban Development, Dr. Muhammad Belgore.
Key findings from the assessment showed that FMBN more than doubled its benchmark, surpassing the ₦25 billion target set by the Central Results Delivery Coordination Unit (CRDCU) with an actual performance of ₦48.4 billion in housing-related financing.
Speaking during the review, Dr. Belgore underscored the broader importance of the evaluation process beyond numbers and targets.
“It is a learning platform; an opportunity to improve,” he said, describing the assessment as a tool for strengthening institutional effectiveness and service delivery.
The Bank’s delegation to the assessment was led by Executive Director, Loans and Mortgage Services, Dr. Muhammad Sani Abdu, reflecting the institution’s strategic focus on mortgage expansion and sustainable housing development.