The Federal Mortgage Bank of Nigeria (FMBN) has revealed that collections from the National Housing Fund (NHF) rose to N152 billion in 2025.
Managing Director and Chief Executive Officer of FMBN, Shehu Usman Osidi, disclosed this in Abuja on Wednesday during a press conference to mark his two years in office.
Osidi said the bank surpassed previous records under his leadership, noting that before the current management came on board, the highest annual collection into the NHF was N100 billion, recorded in 2023.
“In 2024 when we came in, we increased the collection to N103 billion. In the outgoing year 2025, our NHF collections reached N152.4 billion, representing over 48 per cent growth on the 2024 collection and the highest annual collection in the history of the scheme,” he said.
He added that the bank also expanded its contributor base significantly.
According to him, more than 139,000 new contributors were registered in 2025, compared to 178,619 in 2024 and 113,577 in 2023. He said this brings the total number of new contributors recorded within the two-year tenure of the current management to well over 300,000 Nigerians.
Osidi further noted that there has been notable 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,” he stated, adding that the bank has since worked to enhance efficiency in refund disbursement.
The FMBN boss described the growth in collections and contributor numbers as a reflection of renewed public confidence in the NHF scheme and the bank’s commitment to improving access to affordable housing finance.
