The Managing Director and Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, FCIB, FICA, FCNA, has reaffirmed the Bank’s commitment to expanding access to affordable housing for staff of the Nigerian Institute of Advanced Legal Studies (NIALS).
Osidi gave the assurance during a courtesy visit by the Director-General of NIALS, Prof. Abdulqadir Ibrahim Abikan, to the Bank’s management on Friday, February 13, 2026.
Welcoming the delegation, Osidi congratulated Prof. Abikan on his appointment by President Bola Ahmed Tinubu and commended NIALS for its role in advancing legal research, governance and policy development in Nigeria. He stressed that collaboration between institutions remains important for improving housing finance delivery and supporting national development goals.
“At FMBN, we regard safe, decent and affordable housing as a cornerstone of workers’ welfare,” Osidi stated. He explained that the Bank’s mandate under the National Housing Fund (NHF) Scheme is aimed at expanding homeownership opportunities for Nigerian workers, especially civil servants and public sector employees.
Highlighting the impact of NIALS’ participation in the NHF Scheme, Osidi disclosed that 67 staff members of the Institute have already benefited from the Home Renovation Loan (HRL), while 25 others are currently awaiting disbursement. According to him, the figures reflect the Bank’s steady support for the housing needs of the Institute’s workforce through accessible and affordable financing solutions.
The FMBN Chief Executive also listed other mortgage products available to contributors. These include individual NHF mortgage loans and cooperative housing development loans. He further mentioned forward-looking initiatives such as the NHF Diaspora Mortgage Loan, Non-Interest Mortgage options, and Rent Assistance schemes designed to meet changing housing needs.
In his remarks, Prof. Abikan appreciated the partnership and pledged the Institute’s support for the Bank’s programmes, particularly in training and capacity development for staff.
He also welcomed collaboration to expand access to affordable housing using alternative, globally accepted financing models, describing it as a step toward strengthening staff welfare and advancing Nigeria’s housing agenda.
