Salary structure of Federal Mortgage Bank of Nigeria (FMBN)
The Federal Mortgage Bank of Nigeria (FMBN) is a government owned bank established in 1956 to help increase the availability and affordability of housing to Nigerians.
Apart from facilitating the provision of affordable housing, the FMBN also manages the National Housing Fund (NHF) that was created to help Nigerians save towards owning a home.
Being a government-owned institution, one may be curious about the salary structure of the FMBN.
Here, we will list and explain the salary structure of the FMBN and show you how to be a part of this institution.
Salary Structure of Federal Mortgage Bank of Nigeria (FMBN)
The FMBN is known for its attractive salary structure that is competitive with other government-owned banks in Nigeria.
The salary structure of the FMBN is divided into two categories: junior staff and senior staff.
The salary structure for these categories is as follows:
Junior Staff Salary Structure
The salaries of junior staff at the FMBN are determined based on their job level and academic qualifications.
The junior staff include cleaners, drivers, messengers, and security personnel.
The salary structure for junior staff at the FMBN is as follows:
• Level 01-04: ₦242,994.00 – ₦249,233.00 per annum
• Level 05-08: ₦306,675.00 – ₦324,775.00 per annum
• Level 09-12: ₦442,939.00 – ₦527,042.00 per annum
• Level 13-16: ₦713,807 – ₦1,485,273.00 per annum
Senior Staff Salary Structure
The senior staff at the FMBN are responsible for managing the affairs of the bank.
They include managers, assistant managers, and other top executives.
The salary structure for senior staff at the FMBN is as follows:
• Assistant Manager II: ₦1,098,801.00 – ₦1,226,121.00 per annum
• Assistant Manager I: ₦1,342,959.00 – ₦1,557,886.00 per annum
• Manager II: ₦2,504,839.00 – ₦2,848,646.00 per annum
• Manager I: ₦3,395,994.00 – ₦3,889,976.00 per annum
• Principal Manager: ₦4,447,564.00 – ₦5,174,493.00 per annum
• Executive Director: ₦7,966,275.00 – ₦8,923,212.00 per annum
How to Be Part of FMBN
To be a part of the FMBN, there are certain requirements that must be met. The requirements include:
• Applicants must possess at least a Bachelor’s degree from a recognized university.
• Applicants must be between the ages of 22 and 35 years.
• Computer Literacy: Applicants must be proficient in computer usage.
• Work Experience: Applicants must possess relevant work experience.
FAQs
What is the minimum age to apply for a job at FMBN?
Applicants must be between the ages of 22 and 35 years.
What is the minimum educational qualification required to work at FMBN?
Applicants must possess at least a Bachelor’s degree from a recognized university.
What is the salary structure of the junior staff at FMBN?
The junior staff includes cleaners, drivers, messengers, and security personnel.
The salary structure for junior staff at the FMBN is determined based on their job level and academic qualifications.
