NHF collections rise to N152bn in 2025 – FMBN

The Federal Mortgage Bank of Nigeria (FMBN) has revaled that collections from the National Housing Fund has risen tl N152 billion in 2025 Managing Director/CEO of FMBN, Shehu Usman Osidi stated this in Abuja on wednesday at a press conference to mark two years in office He said, “Before we came in, the highest annual […]

The Federal Mortgage Bank of Nigeria (FMBN) has revaled that collections from the National Housing Fund has risen tl N152 billion in 2025

Managing Director/CEO of FMBN, Shehu Usman Osidi stated this in Abuja on wednesday at a press conference to mark two years in office

He said, “Before we came in, the highest annual collection ever made into the NHF was N100b which was recorded in 2023. In 2024 when we came in, we took the collection N103b. in the outgone year 2025, our NHF collections reached N152.4b representing over 48% growth on the 2024 collection and the highest annual collection in the history of the Scheme. 

“We also grew our contributor base by registering over 139,000 new contributors in 2025, compared to 178,619 in 2024 and 113,577 in 2023. This brings the total number of new contributors under our two-year tenure to well over 300,000 Nigerians, 

“There was also improvement in the processing of NHF refunds to eligible contributors. In 2023, before we assumed office, the sum of N13.2 billion was paid as refunds to 40,426 beneficiaries. In 2024, we paid N14.4 billion to 44,333 beneficiaries. In the outgone year 2025, a total sum of N15.6 billion was paid to 55,068 beneficiaries. This positive growth trajectory shows that the reforms we have embarked upon have engendered better turnaround times with improved operational efficiency in refund processing,” he explained

Giving a progress report on renewed hope housing scheme, he said, “The Renewed Hope Cities in Abuja, Kano and Lagos are now due to be commissioned while the sum of N7.8b has been approved for the Enugu project.”