Have you heard about the Federal Mortgage Bank of Nigeria and how it operates? Are you inquisitive to find out the 2024/2025 salary structure for each employee and serving corps member?
The Federal Mortgage Bank of Nigeria (FMBN) is a reputable institution in Nigeria that plays a crucial role in addressing the housing needs of Nigerians. The federal government established it in [1977] and has since become a crucial player in the country’s housing sector.
The FMBN operates through various programs that aim to meet the diverse housing needs of the population. These services include National Housing Fund (NHF) loans, Estate Development Loans, Rent-to-Own, Home Renovation Loans, Construction Loans, and many more.
These programs are designed to help Nigerians acquire affordable housing, improve their living conditions, and contribute to the overall growth and development of the housing sector.
In addition to providing affordable housing services, the FMBN also employs staff members who work diligently to ensure the success of the institution. These staff members play a crucial role in ensuring the smooth operation of the bank and the delivery of quality housing services to Nigerians.
When it comes to the salary structure of employees at FMBN, it is important to note that it varies depending on several key factors. These factors include the employee’s years of service, academic qualifications, and grade level (position).
The 2024/2025 salary structure at FMBN [Federal Mortgage Bank of Nigeria] is designed to attract and motivate skilled professionals who are passionate about housing and committed to making a difference in Nigeria’s housing sector.
The salaries are competitive and commensurate with industry standards, reflecting the value and expertise of each employee.
To gain a deeper understanding of the 2024/2025 salary structure for each employee and serving corps member, it is important to carefully read through the published information.
This document provides detailed information about the monthly salaries for junior staff members, including their positions and responsibilities.
By referring to the published salary structures, individuals can get a better understanding of the earning potential and benefits packages offered by FMBN.
This information can be used to make informed decisions about pursuing a career within the organization or comparing salary levels with other potential employers.
FMBN Salary Structure 2024/2025
Employees working at the Federal Mortgage Bank of Nigeria (FMBN) receive their monthly salaries like other federal institutions in Nigeria.
The FMBN has structured its salary to suit all employees starting from the highest position to the lowest (junior staff) to encourage them to effectively put in their skills and professional attitude in any chosen career field.
There are also salary structures for serving NYSC corps members who are being posted to the Federal Mortgage Bank of Nigeria.
FMBN Monthly Salary Structure 2024
The Federal Mortgage Bank of Nigeria’s monthly salary structure for 2024/2025 has been listed below at different levels.
Below are what staff members who work at Federal Mortgage Bank of Nigeria, Abuja receive as a monthly salary.
-
How much does FMBN pay NYSC corps members monthly? Corps members receive a monthly salary of fifteen thousand (15,000) to thirty-three thousand (33,000) naira which is being paid to them as stipends depending on the location.
-
An Intern (trainee) receives a monthly salary of twenty-eight thousand seven hundred fifty (28,750) naira, and a Senior Web Administrator receives a monthly salary of five hundred thousand (500,000) naira.
-
A Systems Administrator & Customer Helpdesk Manager receives a monthly salary of three hundred thousand (300,000) naira, an IT Analyst receives a monthly salary of forty-five thousand (45,000) naira and a Deputy Manager receives a monthly salary of two hundred thousand (200,000) naira.
-
A Database Administrator, Secretary and Facilities Assistant receive each month a monthly salary of forty-five thousand (45,000) naira, and an Administrative employee receives a monthly salary of one hundred eighty thousand (180,000) naira.
-
A Customer Representative receives a monthly salary of sixty thousand (60,000) naira to one hundred twenty thousand (120,000) naira.
-
FMBN’s Front Desk Receptionist employee receives a monthly salary of two hundred thousand (200,000) naira and a Data Analyst receives a monthly salary of sixty-five thousand (65,000) naira.
-
An Administrative Officer receives a monthly salary of one hundred fifty thousand (150,000) naira and a Reconciliation Assistant receives a monthly salary of forty thousand (40,000) naira.
The Federal Mortgage Bank of Nigeria 2024/2025 monthly salary structure for each staff member has been listed above.
Most especially, this salary structure was based on what the Federal Mortgage Bank of Nigeria, Abuja pays its staff members.
What Are The Allowances Given To FMBN Employees In 2024/2025?
Employees who have worked at the Federal Mortgage Bank of Nigeria (FMBN) for a number of years are entitled to certain allowances apart from their monthly salaries.
For instance, an employee who is a staff member of FMBN is entitled to health insurance, housing and travel allowances, and annual leave.
However, these allowances are not for new employees, and they are not entitled to any of these allowances.
Employees who will be allowed to apply for health insurance, housing and travel allowances or twenty-one (21) days of annual leave are those who have rendered their services for a number of years.
