The Federal Mortgage Bank of Nigeria (FMBN) has reinforced Nigeria’s role as a continental leader in housing finance and development banking, hosting a delegation from the Central Bank of Ghana (CBG) for a study tour aimed at enhancing regional collaboration and knowledge sharing among African financial regulators.
The Ghanaian delegation, led by Mr. Manuk Kofi Grekor and Ms. Jeberta Lomofio Boadu, was accompanied by representatives from the Central Bank of Nigeria (CBN), headed by Mr. John Onoja, Director of Financial Policy and Regulations. The visit took place on Tuesday, January 20, 2026, at FMBN’s headquarters.
The delegation was warmly received by FMBN Managing Director/Chief Executive, Shehu Usman Osidi, alongside the Executive Directors of Loans and Mortgage Services (Hon. Dr. Muhammad Sani Abdu), Finance and Corporate Services (Mr. Ibidapo Odojukan), and Business Development and Portfolio Management (Mrs. Chinenye Chinedu Anosike).
Speaking on the significance of the visit, Osidi highlighted housing as a critical pillar of social stability and economic growth across Africa. He commended CBN for including key development finance institutions in the engagement, noting that the move reflects increasing recognition of their impact on national development.
“The persistent housing deficit across the continent requires innovation, collaboration, and purposeful leadership from institutions like ours. It is in this spirit that today’s engagement is truly significant,” he said.
Osidi further detailed FMBN’s mandate as Nigeria’s foremost provider of affordable mortgage and construction finance, particularly for low- and middle-income earners. He also disclosed new initiatives, including the Rent Assistance Scheme and the NHF Diaspora Mortgage Loan, designed to provide housing solutions for Nigerians at home and abroad.
Mr. Grekor expressed gratitude for the warm reception and said the Ghanaian delegation was eager to learn from Nigeria’s experience and gain a better understanding of how FMBN’s operations drive broader economic growth.
As part of the programme, FMBN’s Group Head, Strategy and Performance Management, Mr. Oladapo Fakeye, delivered a comprehensive presentation on the Bank’s mandate, operations, and housing finance interventions.
The visit also included a site inspection of the Renewed Hope Cities and Estates Project in Karsana, Abuja, where FMBN is financing the construction of 576 housing units and providing a ₦100 billion Bankable Off-taker Guarantee to facilitate project completion.
According to a statement issued by FMBN’s Group Head, Corporate Communications, Andy Odia, the engagement reflects the Bank’s commitment to promoting best practices in housing finance across Africa and fostering regional cooperation in addressing the continent’s housing challenges.
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