The Federal Housing Authority (FHA) Mortgage Bank has secured over N27 billion in housing loans to benefit 3,427 Nigerians under the National Housing Fund (NHF) scheme, in line with President Bola Ahmed Tinubu’s commitment to expanding affordable housing opportunities.

The announcement was made at the commissioning of the new FHA Mortgage Bank headquarters in Gwarinpa, Abuja. Managing Director of the bank, Hayatudeen Atiku Awwal, explained that the loans were approved to support contributors across all states in accessing affordable housing.

He also revealed that more than 6,000 Nigerians have accessed mortgages through the Pension Commission’s Retirement Savings Account (RSA) window within just two years of its introduction.

The FHA Mortgage Bank is pursuing a national commercial banking licence to expand its reach, with plans to open 20 new branches nationwide, increase its active customer base to 100,000 families, and grow its loan portfolio to N100 billion in the near future.

According to the bank, the initiative underscores the Tinubu administration’s commitment to bridging Nigeria’s housing deficit and making homeownership more accessible, especially for civil servants, middle-income earners, and young professionals.