Connect with us

General News

How to apply for FG loan to build, buy a house through National Housing Fund

Published

on

By Our Reporter

The Federal Mortgage Bank of Nigeria offers mortgage financing to eligible Nigerians through the National Housing Fund, providing a route to buy, build, improve or renovate a home.

The NHF Mortgage Loan is currently available to contributors at an interest rate of 6 per cent per annum, with repayment of up to 30 years.

According to FMBN on its website, the current information shows that eligible contributors can access up to ₦50 million, subject to affordability and the value of the property.

Here are the key things applicants should know about the scheme and how to apply.

What is the FMBN mortgage loan?

The NHF Mortgage Loan is a housing finance facility administered by FMBN through accredited and licensed Primary Mortgage Banks (PMBs).

The facility can be used to buy, build, improve or renovate an owner-occupied home. The property being financed serves as security for the loan.

Unlike a conventional commercial mortgage, the NHF facility is designed to provide contributors with longer repayment periods and a concessionary interest rate.

Who is eligible?

Applicants generally have to meet the following conditions:

  • Be a Nigerian citizen aged 18 or above.
  • Be a contributor to the National Housing Fund.
  • Have made continuous NHF contributions for at least six months.
  • Have a stable source of income or, for self-employed applicants, provide evidence of regular income.
  • Apply through an FMBN-accredited and licensed mortgage loan originator/Primary Mortgage Bank.
  • Have a property that meets the relevant legal and planning requirements.

FMBN also states that loan repayment affordability is assessed using a maximum of one-third of the applicant’s income.

How much can you borrow?

FMBN’s current NHF Mortgage Loan page says a contributor can access up to ₦50 million, subject to affordability and other lending conditions.

The property also matters. FMBN’s published conditions state that an individual should not receive more than 90 per cent of the cost or value of the property being mortgaged.

The older ₦15 million figure still appears in some FMBN documents and online guides, but FMBN’s current product page now states ₦50 million. Applicants should therefore rely on the latest terms provided by FMBN and their accredited mortgage institution.

What is the interest rate?

The interest rate for NHF contributors is not more than 6 per cent per annum. FMBN currently describes the facility as being provided to accredited PMBs at 4 per cent for onward lending to NHF contributors at 6 per cent.

How long do you have to repay?

The maximum repayment period is 30 years, subject to factors including the applicant’s age, income and years in service.

READ ALSO: How to Apply: ECOWAS offers $65,000 to Nigerian startups

Repayments are made through the mortgage loan originator through which the applicant obtained the loan.

How to apply

Confirm your NHF contribution
You must first be registered as an NHF contributor and have made the required continuous contributions.

FMBN now provides an online personal/individual NHF registration portal for new contributors.

Choose an accredited mortgage institution
Applicants do not simply walk into FMBN and collect the mortgage loan directly. The application is made through a licensed and FMBN-accredited Primary Mortgage Bank/mortgage loan originator, which processes the application and submits it to FMBN.

Obtain the mortgage application form
The mortgage institution will provide the relevant application form and guide you on the documentation required for your particular application.

Prepare your documents
Depending on the nature of the application, applicants may be required to provide documents such as:

  • Completed mortgage loan application form;
  • Evidence of NHF contribution;
  • Proof of income;
  • Recent payslips or other income evidence;
  • Property title documents;
  • Valuation report for the property;
  • Bill of quantities where the loan is for construction;
  • Relevant tax and employment documents; and
  • Other legal documents required by the mortgage institution.

The exact documentation can vary depending on whether the applicant is buying, building or renovating a property.

Submit the application
The application and supporting documents are submitted to the accredited mortgage institution.

The institution assesses the applicant’s income, repayment capacity, property and documentation before forwarding the application to FMBN where applicable.

Property and legal checks
The property is subjected to valuation and legal checks. FMBN’s conditions require the mortgaged property to provide adequate security and comply with relevant planning and legal requirements.

Approval and disbursement
Once the relevant conditions are satisfied and the loan is approved, the funds are disbursed through the mortgage loan originator for the approved housing purpose.

What can the loan be used for?

The NHF Mortgage Loan can be used to:

  • Buy a residential property;
  • Build a home;
  • Improve an existing home; or
  • Renovate an existing home.

FMBN specifically describes its NHF facility as covering these housing purposes.

How can Nigerians check their NHF contributions?

FMBN provides digital channels through which contributors can access information about their NHF accounts. The Bank’s website also provides online registration and account services for contributors.

Important warning for applicants

Applicants should be careful of individuals who claim they can “secure” an FMBN loan in exchange for money.

FMBN’s official website carries warnings about fraudsters posing as NHF facilitation officers. Applicants should deal only with FMBN and its accredited mortgage institutions and verify any request for payment before proceeding.

FMBN’s official website provides information on its mortgage products, NHF services and application channels.

Apply Here: https://fmbn.gov.ng/products/nhf_mortgage_loan

General News

Hassan Umar wins APC ticket for Zamfara constituency with 9,416 votes

Published

on

By Prosper Okoye

Hassan Umar Dangaladima has won the All Progressives Congress (APC) primary for Kaura Namoda and Birnin Magaji federal constituency in Zamfara State, securing 9,416 votes in an exercise preceded by security concerns and attacks on party members.

His opponent, Aminu Sani Jaji, polled 661 votes, according to the result announced by the party’s electoral committee.

The declaration was made by Mustapha Muhammed, acting chairman of the APC electoral committee from the party’s national headquarters, who served as the returning officer.

Muhammed said Umar met the party’s constitutional requirements and electoral guidelines, formally declaring him the winner of the primary.

The election took place against a backdrop of security concerns following attacks by suspected political thugs that reportedly left several APC members injured and vehicles damaged.

Security agencies subsequently intervened to restore order, allowing the voting exercise to continue.

Speaking to journalists after his victory, Umar thanked party members and constituents for their support, while acknowledging the role of security personnel and electoral officials in conducting the exercise.

He also called for reconciliation among party stakeholders, extending an olive branch to Jaji and urging supporters of both camps to unite ahead of the 2027 general elections.

Umar said unity within the party would be crucial to its prospects in the next general election.

Continue Reading

General News

Geosciences Society explores benefits of GeoAI in remote sensing, climate challenges in Africa

Published

on

By Chidera Orji

Participants at the 2026 IEEE Geoscience and Remote Sensing Society (GRSS) West Africa Summer School have stressed the need for government to embark on critical studies on how geospatial artificial intelligence (GeoAI), remote sensing and Earth observation can help address environmental and climate challenges in Africa.

They made the call at the end of a conference which took place at the Nigerian Institute for Oceanography and Marine Research (NIOMR) Lagos, from 31st October to 4th November, 2026.

The conference dubbed “Summer School”, drew participants from the NNPCL, NGC, Ministry of Environment, Housing, Computer Scientists, Engineers, among others.

They explored opportunities for learning, collaboration, innovation, and professional development, especially on the transformative potential of geospatial technologies, and remote sensing in addressing some of the most pressing environmental and climate challenges facing the West African region.

The gathering brought together industry professionals, researchers, and students with a shared commitment to advancing science and technology for humanity.

The key sponsors of the workshop was the IEEE Geoscience and Remote Sensing Society, drawing distinguished academics including Prof. Lizhe Wang, Prof. Saurabh Prasad, Dr. Anabella Ferral, Dr. Andongma Tende, Ms. Temitope Ajayi, Mr. Ifeanyi Ezealaji, Dr. Victor Okorondu, Dr. Samuel Dekolo, and Dr. Richmon Akwasi Nsiah who provided the knowledge to broaden the expertise, experiences, and insight of the participants.

The host institution, the Nigerian Institute for Oceanography and Marine Research (NIOMR), as well as industry partners, Geospatial Research Limited and Huawei Technologies Nigeria, provided support and facilities which made the training a huge success.

The General Chair of the event, Engr. Oto-Obong John Effiong, and Chair of the IEEE Nigeria Section, Prof. Ifeyinwa Achumba, spelt out the ground rules, encouraging participants to remain focused through the discussions.

Delivering the keynote address, Engr. Abdulhafis Gbolahan, FNSE, Permanent Secretary of the Lagos State Ministry of Housing, spoke vividly on how urban development and increasing heat exposure affect housing and environmental conditions in Lagos State, while Dr. Adongma Wanduku who the first technical lecture, “Fundamentals of Remote Sensing and Earth Observation”, introduced the paerticipants to the use of remotely sensed data in environmental monitoring, climate action, weather forecasting and disease control, and explained how these data can inform decisions.

Also, Mrs. Temitope Ajayi of the University of Basilicata, Italy, took the participants on an excursion on how her background in electronics and computer science in Nigeria and her participation in an academic programme sparked her interest in remote sensing.

Dr. Saurabh Prasad delivered a lecture “From Observation to Understanding: AI and Earth Observation”, explaining how artificial intelligence (AI) can help process and interpret remotely sensed data and turn observations into information that supports environmental decision-making.

Engr. Peter Magbo, Chair of the Local Organising Committee, briefed participants on travel and accommodation for the in-person sessions, while Engr. Sandra Nwokoye encouraged the participants to stay curious and apply what they learned to practical problems.

Ifeanyi Peter Ezealaji, one of the key resource persons, led a hands-on session on how QGIS, a geographic information system (GIS) used to analyse and visualise spatial data.

At the end of the academic sessions, participants practised acquiring and importing geospatial data into QGIS, merging datasets, cleaning records and removing unwanted data, clipping datasets to defined geographical boundaries, working with coordinate reference systems, as well as organising and processing spatial data for further analysis.

Equally lined up as part of the practical training, the participants embarked on a guided tour to the Nigerian Institute for Oceanography and Marine Research to secure hands-on knowledge on how its research and monitoring support the study and management of marine environments.

Continue Reading

General News

INEC flags staff in 10 states over AI voter photos

Published

on

By Our Reporter

The Independent National Electoral Commission (INEC) has removed artificial intelligence-generated photographs uploaded to the national voters’ register and flagged officials implicated in the practice across 10 states for disciplinary action.

INEC National Commissioner, Mohammed Haruna, disclosed this on Wednesday during a webinar organised by the PUNCH Media Foundation, titled ‘AI, Misinformation and Nigeria’s 2027 Elections: Safeguarding the Truth, Protecting the Vote’.

Haruna, who is also Chairman of the commission’s Information and Voter Education Committee, described the development as a major challenge, noting that the commission had already taken down AI-generated photographs identified on the voters’ register.

He, however, acknowledged that INEC faced limitations in preventing members of the public from manipulating or enhancing their photographs before uploading them during voter registration.

The commissioner said the commission had also identified cases involving its own personnel and was taking steps to address the violations.

“We have already seen one of the challenges, which is that a lot of AI-generated photographs were posted onto the voters’ register, which, as we have said, we have had to take down,” he said.

Haruna explained that while it might be difficult for the commission to prevent members of the public from manipulating their photographs before submission, it had greater control over violations involving its officials.

“But the ones involving our own staff, where it is our own staff that did so, that one is within our control. We are in the process of addressing it. They have been flagged,” he said.

He disclosed that the commission had obtained the names of the officials involved across about 10 states, adding that they would face disciplinary action.

“We have their names across about 10 states, and obviously, they are going to face disciplinary action,” he added.

On INEC’s preparedness to regulate the use of artificial intelligence in the electoral process ahead of the 2027 general elections, Haruna said the commission had developed an AI policy but was working to finalise it.

He noted that the rapid evolution of artificial intelligence had created regulatory challenges for countries across the world, including advanced democracies.

According to him, the evolving nature of the technology has made it difficult for governments to establish comprehensive and specific regulatory frameworks.

“As you know very well, it is new territory out there. Even the most advanced countries don’t have what you might call concrete, specific policies about AI because these things are evolving,” he said.

Haruna, however, said INEC had developed ideas on how it intended to deploy and regulate the technology, assuring that the policy would soon be finalised and made available to the media.

“But we have at least some ideas of what we want to do and how we want to use that. We have that policy. Very soon, we will concretise it, and we will be able to share it with the media,” he said.

Continue Reading

Trending