Last Updated on September 29, 2025 by admin
The National Housing Fund (NHF) in Nigeria is a government initiative aimed at addressing the country’s significant housing deficit by providing accessible and affordable housing finance.
Established under the NHF Act of 1992, the fund seeks to mobilize long-term funds for housing development in Nigeria. The NHF operates under the Federal Mortgage Bank of Nigeria (FMBN) and is a vital tool for middle- and low-income earners to acquire homes.
Contributors to the fund include Nigerian workers in both the public and private sectors, who remit a small portion of their monthly salaries to the fund. In turn, these contributions are pooled to provide mortgage loans at favorable interest rates, making the dream of homeownership more attainable for many Nigerians.
By offering loans with longer repayment periods and lower interest rates compared to traditional bank loans, the NHF makes it easier for individuals and families to secure financing for housing.
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Objectives And Purpose Of The Nhf in nigeria
The National Housing Fund (NHF) in Nigeria was established to address the country’s housing deficit and make homeownership more accessible to Nigerians. It is managed by the Federal Mortgage Bank of Nigeria (FMBN) and operates under the NHF Act of 1992.
Objectives of the National Housing Fund (NHF
- Mobilize long-term funds for housing development
- Provide affordable mortgage loans to Nigerians, especially low- and middle-income earners
- Encourage savings for housing through mandatory contributions
- Promote housing finance institutions and strengthen the mortgage sector
- Support the development of affordable housing projects nationwide
- Bridge the massive gap between the demand for housing and available supply — estimated to be in the millions.
- Encourage individuals to contribute a small portion of their income regularly (currently 2.5% of basic monthly salary), which becomes a basis for accessing mortgage loans.
- Establish a consistent, reliable financial system that supports housing development and mortgage financing in the country.
- Establish a consistent, reliable financial system that supports housing development and mortgage financing in the country.
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Purpose of the NHF Scheme
- To ensure that every Nigerian has access to decent and affordable housing
- To create a sustainable housing finance system that supports economic growth
- To reduce the housing deficit by funding large-scale housing projects
- To empower contributors with low-interest mortgage loans repayable over long periods
- To stimulate the construction industry, creating jobs and boosting local economies
- Stimulate collaboration between government, private developers, and financial institutions to grow the housing sector.
- Offer a more accessible and cheaper alternative to commercial bank loans for housing
- Provide funding to developers, builders, and estate companies for the construction of low-cost housing.
- Enable eligible contributors to access low-interest mortgage loans to build, buy, or renovate residential property.
Benefits Of Participating In The Nhf
Participating in the National Housing Fund (NHF) in Nigeria offers a wide range of benefits—especially for individuals seeking affordable homeownership and financial stability. Here’s a detailed look at why it’s worth contributing:
1. Access to Low-Interest Mortgage Loans
- Contributors can apply for mortgage loans at just 6% interest per annum, one of the lowest rates in Nigeria
- Loans are repayable over up to 30 years, depending on age and income
- Funds can be used to build, buy, renovate, or expand residential properties
2. Long-Term Financial Security
- NHF contributions help you build a housing savings portfolio
- It’s a structured way to prepare for future homeownership, even on a modest income
3. Legal and Employment Compliance
- If you earn ₦3,000 or more monthly, contributing is mandatory under the NHF Act
- Employers are required to deduct and remit 2.5% of your monthly income to the Federal Mortgage Bank of Nigeria (FMBN)
4. Eligibility for Government Services
- NHF records are often required for:
- Tax clearance certificates
- Government contracts and tenders
- Participation in public housing schemes
5. Support for National Development
- Your contributions help fund affordable housing projects across Nigeria
- This stimulates the construction industry, creates jobs, and reduces the housing deficit
6. Refund Option
- If you never access a loan, you can request a refund of your contributions upon retirement or exit from the scheme
Eligibility Criteria For NHF Contributors
The National Housing Fund (NHF) in Nigeria is designed to mobilize funds that facilitate the provision of affordable housing for Nigerians.
To contribute to the NHF and benefit from its offerings, individuals must meet specific eligibility criteria. Primarily, prospective contributors must be Nigerian citizens who are either in formal or informal employment.
Employees in the formal sector, both public and private, are required to contribute 2.5% of their monthly basic salary to the fund.
This contribution is generally deducted at source, ensuring consistent participation in the scheme.
These requirements ensure that individuals are financially responsible and capable of meeting the contribution obligations.
The NHF aims to bridge the housing deficit in Nigeria by ensuring that a broad demographic can access affordable housing solutions through disciplined savings and contributions.
To be eligible as a National Housing Fund (NHF) contributor in Nigeria, you must meet certain criteria based on your employment status and income level. Here’s a clear breakdown:
1. Nigerian Citizenship
- You must be a Nigerian citizen, either residing in Nigeria or abroad.
2. Employment Status
- You must be gainfully employed, either in:
- The public sector (civil service, government agencies)
- The private sector (formal employment with registered companies)
- Self-employed individuals (artisans, traders, freelancers, etc.)
3. Minimum Monthly Income
- You must earn ₦3,000 or more per month.
4. Age Requirement
- Typically, contributors should be 18 years or older.
5. Mandatory Contribution
- Eligible workers are required to contribute 2.5% of their monthly income to the NHF.
6. Must Be Registered with the NHF
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You need to complete an NHF Form (Form NHF 1) to be registered as a contributor.
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Once registered, you’ll receive a NHF Number, which is your unique contributor ID.
Why You Should Contribute to the NHF
Contributing to the National Housing Fund (NHF) in Nigeria is more than just a legal obligation—it’s a strategic step toward securing your future and supporting national development. Here’s why it matters:
1. Access to Affordable Housing Loans
- Contributors can apply for low-interest mortgage loans through the Federal Mortgage Bank of Nigeria (FMBN)
- Loans can be used to build, buy, renovate, or expand residential properties
- Repayment terms are long and flexible—up to 30 years, depending on age and income
2. Financial Planning & Security
- NHF contributions help you build a housing savings portfolio
- It’s a structured way to prepare for homeownership, even if you’re self-employed or on a modest income
3. Legal Compliance
- If you earn ₦3,000 or more monthly, contributing is mandatory under the NHF Act
- Employers are required to deduct 2.5% of your monthly income and remit it to FMBN
4. Eligibility for Government Services
- NHF records are often required for:
- Tax clearance certificates
- Government contracts and tenders
- Participation in public housing schemes
5. Support for National Development
- Your contributions help fund affordable housing projects across Nigeria
- This stimulates the construction industry, creates jobs, and reduces the housing deficit
How To apply and Access Nhf Loans
To access a National Housing Fund (NHF) loan in Nigeria, you must be a registered contributor and meet specific criteria set by the Federal Mortgage Bank of Nigeria (FMBN). Here’s a complete, step-by-step guide:
Requirements to Access NHF Loans
Before applying, you must:
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Be a Nigerian citizen.
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Be a registered NHF contributor with a valid NHF number.
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Have contributed for at least 6 months (minimum requirement).
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Be above 18 years old.
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Have a regular income (from employment or self-employment).
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Be applying to build, buy, renovate, or expand a residential property
1. Ensure You’re Registered
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Confirm your NHF number and that your contributions are up to date.
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If not registered, complete NHF Form 1 and submit to FMBN through your employer or as a self-employed individual.
2. Choose a Primary Mortgage Bank (PMB)
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NHF loans are accessed through FMBN-accredited Primary Mortgage Banks, not directly from FMBN.
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Choose a PMB near you (not a commercial bank).
3. Submit Your Loan Application Through the PMB
You’ll need to provide:
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Completed loan application form
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Photocopy of NHF registration slip
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Evidence of NHF contributions (from employer/FMBN)
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Pay slips (last 3–6 months)
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Letter from employer (if employed)
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Copy of title documents for the property (C of O, Deed of Assignment, etc.)
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Approved building plan and bill of quantities (if constructing)
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Recent passport photographs
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Valid means of identification
4. Loan Processing by PMB and FMBN
- The PMI forwards your application to FMBN
- FMBN reviews and approves based on eligibility and documentation
- Loan amount depends on income, repayment capacity, and property value
- Maximum loan amount is ₦15 million, repayable over up to 30 years
5. Disbursement and Repayment
- Funds are disbursed directly to the property seller or developer
- Repayment is made monthly through your employer or bank
- Interest rate is 6% per annum, one of the lowest in Nigeria
NHF Loan Features
| Feature | Details |
|---|---|
| Maximum Loan Amount | ₦15 million |
| Interest Rate | 6% per annum (fixed) |
| Tenure | Up to 30 years (based on age & income) |
| Equity Contribution | – 10% for loans ≤ ₦5M – 20% for ₦5M–₦10M – 30% for ₦10M–₦15M |
Important Notes
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The property must be for residential use, not commercial.
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Joint applications (e.g. husband and wife) are allowed if both are contributors.
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Only one NHF loan is allowed per individual in a lifetime.
Where to Start
You can visit:
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Federal Mortgage Bank of Nigeria (FMBN) branches
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Accredited Primary Mortgage Banks (PMBs)
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How to Check National Housing Fund (NHF) Monthly Contribution
To check your National Housing Fund (NHF) monthly contribution in Nigeria, you have a few convenient options depending on your preference:
Using USSD CodeYou can verify your NHF contribution status via mobile by dialing:
- Dial
*219#on your phone. - Select option
2(Contribution). - Select option
1(Monthly Contribution). - Enter the month number (e.g.,
1for January,2for February, etc.). - You’ll receive a message showing your contribution status for that month.
If your contribution hasn’t been reconciled by the Federal Mortgage Bank of Nigeria (FMBN), your closing balance won’t be displayed. In that case, visit the nearest FMBN office for assistance
Online via NHF PortalYou can also check your contributions online:
- Visit the nhf portal
- Log in with your NHF details.
- Navigate to the “Monthly Contribution” section to view your payment history and status.
Through Your Employer or FMBN Office
- Your employer should update your NHF passbook regularly.
- You can also request a statement of account from any FMBN branch.
How to Retrieve NHF Number
To retrieve your National Housing Fund (NHF) number in Nigeria, you can use any of the following methods:
Via USSD CodeYou can retrieve your NHF number using your mobile phone:
- Dial
*219# - Select option
1(NHF Number) - Enter your phone number or staff ID (whichever is linked to your NHF registration)
- Your NHF number will be displayed or sent via SMS
Online via FMBN PortalIf you’ve registered online or through your employer:
- Visit the FMBN NHF Portal
- Use your registered details (e.g., phone number, email, or staff ID) to log in
- Your NHF number will be visible on your dashboard
Visit a Federal Mortgage Bank of Nigeria (FMBN) OfficeIf you’re unable to retrieve it digitally:
- Go to the nearest FMBN branch
- Provide your full name, employer, and phone number
- They’ll help you retrieve your NHF number from their records
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How To Retrieve NHF Forgotten Password
To retrieve or reset your National Housing Fund (NHF) password if you’ve forgotten it, follow these steps depending on the platform you’re using:
STEP :
1. Go to the NHF Portal and Click on “Forgot Password” button
2. Enter your NHF Number
3. Click on “Submit” button
A Token/One-time-PIN (OTP) is sent to your mobile phone or Email Address for verification.
4. Enter the Token
5. Click on “Submit” button to validate the token.
6. Enter your new password
7. Confirm your new password
8. Click on “Submit” button to complete the process.
How To Request For The Last 5 Transactions
You can request for the last 5 transactions remitted to the NHF scheme.
To commence, take the following steps:
STEPS :
1. Dial *219# and send
2. Type 4 and send
3. Type 1 and send
In each sub-menu, you can type 00 to go “Back” to the previous screen or click on the “Cancel” button to quit the service.
