AGMB Unveils Strategy to Expand Access to Affordable Housing

Nume Ekeghe

AG Mortgage Bank Plc (AGMB) has rolled out a new five-year transformational plan designed to strengthen its business model and expand opportunities for Nigerians seeking affordable housing. The blueprint, spanning 2025 to 2030, is built around the bank’s High 5s agenda: organisational transformation, sustainable capitalisation, accelerated growth, increased impact, and improved shareholder value.

According to the institution, in a statement, the strategy charts a clear pathway for AGMB to evolve into Nigeria’s foremost housing finance group by 2030. The bank said the plan captures priority initiatives and targets that will guide its expansion drive and enhance its role in bridging the country’s housing finance gap.

Commenting on this journey, MD/CEO, AG Mortgage Bank Plc, Mr Ngozi Anyogu, said: “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. AGMB as the category leader for affordable housing mortgage delivery has to bring a radical change in performance to the consumer.

“Our strategy as a National Mortgage Bank is to increase the volume housing with our set goal of one million Mortgages by 2030. This way, we can create wealth for all our investors, customers and help reduce the 20 million housing deficit in Nigeria though shared wealth creation for the entire real estate value chain. AG Mortgage Bank Plc growth strategy as a National Mortgage Bank (NMB) is to increase the volume of housing with AGMB set goal of one million Mortgages by 2030,” he said.