Are you one of the millions of working Nigerians struggling to own a home? You’re not alone. Out of the 69.54 million Nigerians reported by the National Bureau of Statistics (NBS) to have been gainfully employed as at third quarter of 2018, only 5 million of the total number earn a salary of N3 million and above per year, as compiled from data by Graeme Blaque Group, a Lagos-based advisory firm.

This data put employed Nigerians who can buy affordable housing at only 7.19 percent, meaning as much as 64.54 million people who earn less than N3 million cannot afford to own their own home except of course there is an increase in their income level.

But don’t worry, there are housing opportunities out there specifically designed for anyone in the workforce and we’ve compiled a list to help you find the perfect fit. From the National Housing Programme to Rent-To-Own Housing Schemes, we’ve got you covered.

Here are some housing opportunities Nigerian workers can benefit from:

1. The National Housing Programme: The Federal Government has concluded plans to inaugurate 1,071 completed houses in eight project sites nationwide. The houses constructed under the National Housing Programme would be commissioned between January 16 and 26, 2023.
2. National Cooperative Housing Development Scheme: In this scheme, FMBN provides affordable housing estate construction finance to cooperatives through reputable developers under the bank’s cooperative housing development loan portfolio.
3. Rent-To-Own Housing Scheme: The Board of the Federal Mortgage Bank of Nigeria (FMBN) has approved the implementation of a new Rent-To-Own Housing Scheme aimed at making home ownership more accessible.

To be eligible to own a home through the National Housing Programme, you must fulfill the following criteria when the applications are open:

1. Applicants must be a Nigerian citizen and be over 18 years of age.
2. You must have a valid national identity card 
3. You must complete your profile by submitting your personal details, housing preferences (the type of house you are applying for), etc.
4. Show evidence of reliable income 
5. You must also be a contributor to the National Housing Fund and must comply with the terms and conditions of sale and completing an online application

Contact us to find out how you can benefit from the housing schemes.