AG Mortgage Bank Plc (AGMB) has announced an ambitious five-year plan (2025–2030) aimed at making a massive impact in Nigeria’s housing finance sector. Under this plan, the bank is targeting to deliver one million mortgages nationwide, as it works to become the country’s top housing finance group by 2030.
According to the bank’s leadership, the roadmap is built around what it calls the “High 5s”, five strategic pillars that include organisational transformation, building a sustainable capital base, growth, social impact, and delivering value for shareholders.
The Chief Executive Officer of AGMB, Ngozi Anyogu, explained the motivation behind the plan: “The transformation is worth it, and this is why, as CEO, I am convinced that Nigerians desiring to own homes are making too many financial trade-offs to realise their dreams of home ownership.” ([Punch Newspapers][1]) She emphasized the bank’s role as “the category leader for affordable housing mortgage delivery,” stressing that AGMB must “bring a radical change in performance to the consumer.”
In detailing the goal, Anyogu added, “Our strategy as a national mortgage bank is to increase housing volume with our set goal of one million mortgages by 2030. This way, we can create wealth for all our investors and customers, and help reduce the 20 million housing deficit in Nigeria through shared wealth creation across the entire real estate value chain.”
To deliver on this, AGMB says it plans to provide “best-in-class mortgage solutions” to Nigerians seeking affordable and livable homes. It intends to deploy its network of partners and its motivated regional teams across Nigeria, covering the West, North, and East, in addition to its head office in Lagos.
The bank noted that its status as a “Primary Mortgage Institution” and its National Mortgage Banking License from the Central Bank of Nigeria (CBN) underpins its ambition. It already maintains regional offices in Abuja (North), Enugu (East), and Lagos (West).
AGMB also highlighted the broad range of its potential beneficiaries: developers who need construction financing, cooperatives looking for affordable mortgages for members, traders seeking commercial property financing, schools and religious bodies needing land or buildings, and companies interested in staff-home ownership schemes. The bank believes this widespread approach can make home ownership accessible to a diverse cross-section of Nigerians.
Underlining the larger vision, AGMB says the plan aligns with its long-term mission: to be “the No. 1 housing finance group in Nigeria,” delivering excellent customer service, sustainable growth, and by extension, contributing to economic development across communities it serves.
As a lender and adviser in mortgages and construction finance, AGMB also taps into mortgage-focused funds such as the National Housing Fund, for on-lending, savings, term deposits, and related financial products.
In short, AGMB is betting on large-scale mortgage financing to close part of Nigeria’s vast housing gap. By doing so, the bank hopes to unlock home ownership for hundreds of thousands of Nigerians who have long been trapped in cycles of rent and financial trade-offs.
If AGMB succeeds, granting one million mortgages by 2030 could inject new momentum into Nigeria’s housing sector, potentially lowering rental demand, boosting construction activity, and supporting jobs in real estate and building material supply chains. That growth could meaningfully contribute to national GDP and ease Nigeria’s housing deficit pressure.
