Welcome to

Zahari Properties.

Housing Schemes In Nigeria.

December 10, 2019

Housing is one of the basic needs of man and ranks next only to Air, food, water and sleep.
The importance of Housing cannot be over emphasized as it’s also a major driving force for the working class. Everyone wants to be able to put a good roof over their heads and those of their family as well.                                                                   


In response to the human necessity, the Nigerian Government came up with several Housing Schemes so that owning a Home will be much more easier and accessible.

Housing schemes are aimed at helping people access mortgage financing at subsidized interest rate by the Government.



For Instance,
The National Housing Fund (NHF) Scheme is a federal government introduced scheme, to which all public servants and employees in the organized private sector within the country are expected to contribute 2.5% of their monthly allowance to Federal Mortgage Bank Of Nigeria Employees of various corporations who are active contributors to the scheme, can access the fund through Union Homes Savings and Loans Plc. Maximum of # 5 million at the rate of 6% interest repayable over a period of 30 years is obtainable under this scheme.


Also the Lagos Home Ownership Mortgage Scheme known as Lagos HOMS is a mortgage scheme by the state government for the teeming masses. If you have some cash and an average earning job then the Lagos HOMS scheme can help you own your house simply by paying instalmentally over a period.



The Federal Mortgage Bank of Nigeria was founded by the Federal Government in 1977 to replace the Nigerian Building Society. Between 1978 and 1985, it was the only mortgage institution in Nigeria. According to the constitution of Nigeria, the Federal Mortgage Bank was established to meet the housing needs of all citizens of the country.
It is regarded as the apex mortgage finance institution in the country and regulates the activities of primary mortgage loan originators.



With all of these housing schemes put in place and many more, you have every opportunity available to own a house.

You can also contact us (0809 066 6285) at Zahari Properties for your Property needs, we are committed to providing effective home ownership schemes with flexible payment plans for you.


Zahari Properties.


Leave a Reply

Your email address will not be published. Required fields are marked *

Chat with Customer Sirvice