Country
Nigeria
Sector
Real Estate / Housing
Intelligence Type
Capital
Status / Stage
Active
Estimated Value
USD Million 65
Confidence
Confirmed
Latest Development
Nigeria’s Federal Mortgage Bank (FMBN) is completing 962 Abuja homes after recovering $65 million from a housing project — proceeds being deployed into completion of a federal housing programme. This is part of the broader Renewed Hope Housing Programme targeting one million homes.
Capital Details
Capital TypeGovernment recovery and housing finance
Investor / FinancierFMBN (Federal Mortgage Bank of Nigeria)
Recipient / Borrower962-home Abuja housing programme
Purpose of CapitalComplete 962 housing units in Abuja under the Renewed Hope Housing Programme
Financing StructureRecovery of $65m from existing housing project used to complete stalled units.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Nairametrics (July 22, 2026 — FMBN housing project recovery)
Source DateJuly 2026