csrreporters 
AG Mortgage Bank PLC is reinforcing its position as a cornerstone of Nigeria’s housing finance sector by strengthening its capital base and expanding mortgage access, even as the nation grapples with inflation, currency volatility, and shifting policies.
Marking its 20th anniversary on Friday, September 26, 2025, in Abuja, the bank reaffirmed its mission of enabling affordable homeownership while unveiling new strategies to deepen financial resilience and scale housing opportunities nationwide.
Founded in 2004, the institution has grown into a trusted leader in Nigeria’s mortgage industry. Chairman Rev. Dr. Abel Amadi highlighted its resilience in navigating persistent headwinds ranging from currency devaluation to subsidy reforms while maintaining a commitment to making housing accessible to more Nigerians.
A key milestone showcased was the bank’s active role in the Ministry of Finance Incorporated Real Estate Investment Fund (M-REIF), where it has disbursed over ₦2.8 billion to 97 beneficiaries, reinforcing its role as an enabler of affordable housing solutions.
To secure future growth, Amadi announced ongoing efforts to strengthen the balance sheet through a rights issue aimed at raising equity capital to ₦10 billion, a decisive step to protect financial health and unlock larger-scale mortgage financing.
Managing Director and CEO, Ngozi Anyogu, underscored the bank’s unwavering commitment to innovation, transparency, and inclusive growth. Guided by its AGITRIP values Accountability, Godliness, Integrity, Teamwork, Respect, Innovation, and Professionalism the bank continues to place good governance at the core of its operations.
Looking forward, AG Mortgage Bank is collaborating with Invest Africa on an ambitious plan to deliver 300,000 new mortgages in six years, with the long-term vision of reaching one million Nigerians. This strategy is designed to close the country’s massive housing deficit while expanding financial inclusion.
The bank is also deepening its commitment to Environmental, Social, and Governance (ESG) standards by championing sustainable housing initiatives and unveiling products tailored to diverse market needs. Its flagship women-focused initiative, Empowering Society Through Women (ES-TIW), aims to impact 500,000 women nationwide through financial literacy, healthcare access, and empowerment programs.
The anniversary event concluded with an awards ceremony recognizing partners, legal experts, real estate professionals, and board members who have contributed to the institution’s enduring journey.
Celebrating two decades of resilience and growth, AG Mortgage Bank stands positioned not only as a financial institution but as a social partner strengthening its roots and expanding its reach to ensure that homeownership remains within the grasp of ordinary Nigerians, even in the face of economic turbulence