Real Estate

FG, Germany Plan Green Mortgage Scheme in Nigeria

The Federal Ministry of Housing and Urban Development will collaborate with the German Development Cooperation to pilot a Green Mortgage Scheme in Nigeria.

This was revealed by the Minister of Housing, Ahmed Dangiwa, during a meeting with GIZ officials in Abuja recently. “We see strong potential to adapt a similar green mortgage model within the Federal Mortgage Bank of Nigeria under the National Housing Fund Scheme.

The plan is to drive the supply and uptake of energy-efficient affordable homes under the Renewed Hope Housing Programme,” Dangiwa said.

The partnership forms part of the broader Partnership for Energy Efficiency in Buildings, a GIZ programme that supports energy-efficient improvements in the building sector. Nigeria has now been identified as a key partner under the initiative.

Dangiwa noted that the scheme aligned with President Bola Tinubu’s Renewed Hope Agenda to create sustainable, climate-resilient communities.

“It is essential to meet national climate goals and ensure a livable future for generations to come. Nigeria could benefit from international models like Mexico’s INFONAVIT, which successfully integrates green mortgages to reduce energy consumption and promote environmental sustainability,” he stated.

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