Foreign relations of Nigeria Commonwealth of Nations, and the United Nations.There are many Nigerian organizations outside the country. Prominent among them is the Houston, Texas United States-based Nigerian Union Diaspora (NUD), which is the umbrella Non-Governmental Organization (NGO) for the economic and political empowerment of the people of Nigerian descent outside Nigeria. Upon gaining independence in 1960, Nigeria quickly committed itself to improving the lives of the people of the country and harnessing the resources that remain vital to the economy of the country and her neighbours. By observing at what benefits and appropriate for the country, Nigeria became one of the founding members
Federal Mortgage Bank of Nigeria Federal Mortgage Bank of Nigeria The Federal Mortgage Bank of Nigeria was founded by the Federal Government of Nigeria in 1977 to replace the Nigerian Building Society. Between 1978 and 1985, it was the only mortgage institution in Nigeria. According to the constitution of Nigeria, the Federal Mortgage Bank was established to meet the housing needs of all citizens of the country. It is regarded as the apex mortgage finance institution in the country and regulates the activities of primary mortgage loan originators. A direct government intervention to expand the mortgage industry in Nigeria, the bank was established by the