FHA Mortgage Bank to Open 20 New Branches, Reach 100,000 Families Nationwide

The Federal Housing Authority Mortgage Bank has unveiled an ambitious expansion plan to strengthen its role in Nigeria’s housing finance sector, with projections to open twenty new branches nationwide, grow its active customer base to one hundred thousand families, and scale its loan portfolio to one hundred billion naira within the next three years.

The bank’s Managing Director, Hayatudeen Auwal, disclosed this during the commissioning of the bank’s new head office in Abuja.

He explained that the strategy is aimed at expanding access to mortgage financing while sustaining the bank’s record of financial discipline.