Industry Stakeholders Call For Housing Authority Reforms

Housing sector stakeholders have charged the Nigerian government to empower the Federal Housing Authority for effective social housing delivery in the country.

The call was made by participants at a one-day management retreat of the FHA, who also urged the government to convert the organisation into a housing regulatory agency for a better control of the sector.

In a statement issued at the end of the retreat stated that the participants noted that the proposed private sector-driven Federal Housing Corporation, which the Bureau of Public Enterprises’ reform document recommended for incorporation as the successor entity to the FHA should inherit the commercial housing component of the authority’s mandate.

It added that the retreat was declared open by the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi.
Participants, according to the communiqué, were drawn from the FHA’s technical board, interim management team and other stakeholder groups, who recommended that the reform document should be realigned to meet with current realities in the country’s housing sector.

It also noted that the 18-month tenure given to the interim management team was inadequate and called for the upgrade of the current interim structure to a full tenure of four years to enable the management pursue reform processes.

Bizwatchnigeria

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