The Federal Government, through the Federal Mortgage Bank of Nigeria (FMBN), provides seven housing finance options designed to help Nigerians buy, build, renovate and ultimately own homes. FMBN is Nigeria’s apex mortgage institution. Established in 1956 as the Nigerian Building Society, the bank was later reconstituted under the FMBN Act of 1993 and operates under the supervision of the Federal Ministry of Housing and Urban Development. Its mandate includes promoting affordable housing finance and expanding access to homeownership for Nigerians. One of the available options is the FMBN Rent-to-Own Scheme, which allows...