The Republic
Policy Library

HousingActive· FMW&H

National Housing Policy, 2012 (revised 2022 draft)

Targets 1m housing units annually; mortgage market deepening via FMBN / NMRC.

Statutory basis

Federal Mortgage Bank of Nigeria Act, Cap F16 LFN 2004; National Housing Fund Act, Cap N45 LFN 2004

Targets the construction of 1 million housing units annually — never met. Implementation through the Federal Mortgage Bank of Nigeria (FMBN), the Nigeria Mortgage Refinance Company (NMRC, est. 2014) and the Family Homes Fund. Nigeria's housing deficit is estimated at 22–28 million units.

Methodology

Tier 1 · primary

Courts. Gazettes. National archives.

Tier 2 · corroborating

OCCRP. HRW. BudgIT. TheCable.

Tier 4 · tertiary, flagged

Wikipedia only where primary is pending. Always labelled.