NHF contribution calculator
The National Housing Fund collects a small share of workers' pay to fund home loans. Enter your basic salary to see what you contribute.
How it's calculated
- Your contribution is 2.5% of your basic monthly salary. Your employer deducts it and remits it to the Federal Mortgage Bank of Nigeria within one month.
- Contributions earn interest of 4% a year under the Act. This calculator shows the amounts paid in, before interest.
An example
On a basic salary of ₦250,000, you contribute ₦6,250 a month, or ₦75,000 a year.
Frequently asked questions
Is NHF deducted from taxable income?
Yes. Contributions under the National Housing Fund are an eligible deduction under the Nigeria Tax Act, 2025.
Do self-employed people contribute?
The Act extends the scheme to self-employed people, who set aside the same share of their monthly income and remit it themselves.
Who receives the money?
The Federal Mortgage Bank of Nigeria, which manages the Fund.
Key terms
- NHF
- National Housing Fund, set up by the National Housing Fund Act.
- FMBN
- Federal Mortgage Bank of Nigeria, which runs the Fund.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
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