The Federal Mortgage Bank of Nigeria has officially launched a Diaspora Mortgage Loan, enabling Nigerians living abroad to access financing for residential properties in Nigeria. The new product offers loans of up to 100 million Naira at a 9 percent annual interest rate with a 10-year repayment tenor. Developed in collaboration with the Nigerians in Diaspora Commission and the Central Bank of Nigeria, the initiative aims to formalize housing investment for the diaspora and reduce barriers to homeownership. Eligible participants can register and contribute to the National Housing Fund through the bank’s dedicated digital portal.