Which of the following is a development bank in Nigeria?
Answer Details
Among the given options, the Federal Mortgage Bank is a development bank in Nigeria. The Federal Mortgage Bank of Nigeria (FMBN) is a government-owned development bank established to provide affordable credit and long-term loans to mortgage institutions in Nigeria. The bank was established in 1956 and has since been providing funds for building, purchasing, and improvement of residential houses for Nigerians.