The Federal Mortgage Bank of Nigeria (FMBN) says its National Housing Fund (NHF) Diaspora Mortgage Product is attracting contributions from Nigerians in 31 countries across six continents as part of efforts to strengthen diaspora investment in the country’s housing sector.
The Managing Director and Chief Executive of FMBN, Shehu Usman Osidi, disclosed this while delivering a keynote address at the 2026 Nigeria Diaspora Investment Summit (NDIS) Diaspora Engagement Webinar, held virtually and hybrid with the theme, “Bridging the Trust Gap: Connecting Diaspora Capital with Credible Home-Based Opportunities.”
Osidi said the major obstacle to diaspora investment was not the absence of opportunities but concerns about transparency, accountability, fraudulent transactions and weak investment protection.
He stressed that building investor confidence required credible institutions, transparent processes, effective regulation and accessible dispute-resolution mechanisms.
“The fundamental issue, therefore, is not the absence of opportunities or the willingness of Nigerians abroad to invest. It is the ability to connect available capital with credible, properly structured and verifiable opportunities,” he said.
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The FMBN boss explained that the NHF Diaspora Mortgage Product, launched in London on August 7, 2026, was designed to provide Nigerians abroad with a structured and regulated pathway to homeownership in Nigeria.
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Under the scheme, eligible Nigerians aged 18 to 70 can contribute between 100 and 300 dollars monthly and qualify for mortgage financing after 12 to 24 months, depending on their contribution category.
Beneficiaries can access loans of up to 100 million naira, with a 10 per cent equity contribution and repayment periods of up to 10 years, subject to eligibility requirements.
Osidi called for stronger investor protection, digital investment platforms, improved land administration and a national repository of verified investment opportunities to bridge the trust gap.
He reaffirmed the bank’s commitment to expanding access to affordable housing finance and strengthening institutional arrangements to make diaspora investments safer and more sustainable.
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