General News
How to apply for FG loan to build, buy a house through National Housing Fund
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.
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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
Osun election: Yiaga Africa rates poll high, charges INEC, police on reforms ahead of 2027 elections
From Ganiyu Olarewaju (Oshogbo)
Civil Society Organisation Yiaga Africa has state that the Independent National Electoral Commission (INEC) and security agencies have shown some signs of improvement from the past with their conduct at last Saturday’s governorship election in Odin state
The pro democracy group explained on Sunday that INEC largely passed the test of electoral integrity during the governorship election.
Addressing journalists in Osogbo on Sunday, Dr Asmau Maikudi, Chairperson of the 2026 Osun Election Observation Mission for Yiaga Africa, described the poll as a definitive test of electoral preparedness, security neutrality and public trust.
Describing the Osun election w
as a crucial off-cycle ballot that served as the final major governorship contest before the 2027 general elections as well as a critical test of the Electoral Act 2026 and new regulatory frameworks, Yiaga Africa noted that “with the election concluded, the evidence suggests that INEC and security agencies largely passed that test.”
Yiaga Africa commended the people of Osun for their resilience and high voter turnout, encouraging them to sustain this democratic spirit by holding elected officials accountable to their campaign promises.
It however advised the commission to issue binding, uniform guidance on the acceptance of downloadable PVCs, conduct a comprehensive post-election technical audit of Bimodal Voter Accreditation System (BVAS) devices to address deployment and functional hiccups, publish the causes of biometric authentication failures, and ensure more rigorous training and oversight of ad hoc field personnel.
The group similarly called on political parties to deepen their commitment to democratic values by investing in the thorough training of polling agents on the Electoral Act 2026 and INEC guidelines.
“The police, EFCC, and ICPC should extend enforcement beyond immediate polling unit perimeters to crack down on vote-buying and financial inducements carried out by party agents and financiers in surrounding areas,” Yiaga said.
The Nigeria Governors’ Forum (NGF) has congratulated Gov. Ademola Adeleke of Osun on his re-election, describing his victory as a reflection of the confidence reposed in his leadership by the people of the state.
The forum, in a statement signed by its Chairman and Kwara governor, AbdulRahman AbdulRazaq, on Sunday, said Adeleke’s achievements and personal qualities contributed to his victory in the keenly contested election.
The NGF also commended the people of Osun for the large turnout during the election.
It said the interest generated by the off-cycle poll further demonstrated the resilience of Nigeria’s democracy.
The forum acknowledged the important role of opposition parties in strengthening democracy and commended all candidates who participated in the election for their efforts.
It also commended security agencies for curtailing the initial trend of violence in the days preceding the election and creating a secure environment for the poll to take place with minimal incidents.
The forum acknowledged the role played by President Bola Tinubu in balancing his position as leader of the ruling party with his responsibility as the father of the nation.
“We are confident that Gov. Adeleke will continue to build on the successes of his first term in the overall interest of the people of Osun State,” the forum said.
The Osun Coordinator of National Youth Service Corps (NYSC), Mr Ekeng Kubiangha, has commended corps members deployed as ad hoc staff for Saturday’s governorship election for their discipline and commitment to duty during the exercise.
This is contained in a statement made available to newsmen by the Spokesperson for the scheme, Mrs Catherine Otemuyiwa, on Sunday in Osogbo.
Otemuyiwa said that Kubiangha monitored some selected polling units across Ede South, Ede North, Olorunda, Osogbo and Egbedore Local Government Areas of the state where corps members were deployed.
She listed other polling units visited by the state coordinator to include Alajue 1 and Alajue 2, Akoda/Oloki, Isibo/Buhari-Isola wards and some parts of Osogbo, where he assessed the safety and welfare of the corps members.
Otemuyiwa quoted the state coordinator as expressing satisfaction with the conduct of the corps members.
He said that they adhered to instructions, operational guidelines and safety advisories issued during the sensitisation tour of the local government areas.
“I am glad that corps members also complied with directives from the NYSC National Directorate Headquarters and the South-West Area Office 1.
“Corps members were safe and discharged their responsibilities without fear, intimidation or undue interference,” he said.
Kubiangha commended the officers who manned the Situation Room as well as Zonal Inspectors and Local Government Inspectors for their effective coordination and monitoring of corps members throughout the exercise.
He also appreciated security agencies for their efforts in protecting corps members deployed for election duties across the state.
The state coordinator expressed appreciation to INEC officials for their prompt response to issues reported from the field.
He acknowledged the cooperation among the various stakeholders, particularly under the Inter-Consultative Committee on Election Security (ICCES), describing it as a significant factor in ensuring a peaceful and orderly election.
Kubiangha reiterated NYSC’s commitment to the safety and welfare of corps members, urging them to continue to uphold the ideals of the scheme, professionalism and national service in the discharge of their responsibilities.(NAN).
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