The Federal Mortgage Bank of Nigeria (FMBN) will launch its Diaspora National Housing Fund (NHF) Mortgage Loan for eligible Nigerians living and working abroad on August 7, 2026, in London, United Kingdom.
The announcement was made by the Managing Director and Chief Executive Officer of FMBN, Shehu Usman Osidi, during his goodwill message at the 2026 National Diaspora Day Celebration in Abuja, according to a statement issued on Monday by the bank’s Group Head of Corporate Communications, Joe Abuku.
The mortgage product is designed to provide Nigerians in the diaspora with a safe, transparent, and sustainable pathway to own homes in Nigeria while strengthening their economic and emotional ties to the country.
Osidi said the launch marks a major milestone in FMBN’s efforts to expand access to affordable housing finance for Nigerians regardless of where they reside.
He noted that the initiative fulfills the bank’s commitment to providing a trusted and credible platform through which Nigerians abroad can confidently pursue homeownership in Nigeria.
- “The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has announced that the Bank will officially launch its Diaspora NHF Mortgage Loan on August 7, 2026, in London, United Kingdom, marking a major milestone in extending affordable housing finance to eligible Nigerians living and working abroad,” the statement read in part.
- Osidi added that the mortgage product would enable eligible Nigerians in the diaspora to invest in homeownership, build long-term wealth, prepare for retirement in Nigeria, and contribute to the development of the country’s housing market.
He said the initiative is also expected to stimulate housing construction, create jobs, deepen mortgage penetration, promote greater formalization of housing transactions, strengthen confidence in Nigeria’s mortgage system, and attract more diaspora investment into the economy.
