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FHA Spends Over N1trn On Housing In 45 Years

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The Federal Housing Authority (FHA) has spent over N1 trillion on housing project across its estates in the last 45 years of its existence.

The chairman of FHA board, Sen Lawal Shuaibu stated this in Abuja when he paid a courtesy visit to the secretary to the government of the federation, Mr Boss Mustapha.

While requesting that states should assist the agency with suitable lands for housing project, he regretted that poor budgetary allocation is partly hindering the growth of FHA.

Shuaibu pleaded that federal government should intervene in salvaging its estates ravaged by ecological problems, requesting that the office of the secretary to the federal government should coordinate the diaspora city project.

He said that the essence of the visit was to brief the SGF on the activities and challenges of the agency likewise to seek for support and intervention in key areas of interest.

On his part, the SGF, Boss Mustapha enjoined FHA to embrace a comprehensive social housing roadmap, aimed at tackling the huge housing deficit in the country.

He stated that the provision of affordable and low-cost houses to Nigerians is a primary responsibility of government since it’s a  social investment that should ease housing challenges.

Mustapha lamented that over the years that the provision of affordable housing had experienced hitches due to policy  somersaults by successive administrations.

He said that since government is a continuum that all developmental policies of the agency should be sustained and not discarded.

The SGF reiterated the determination of the present administration to resolve the over 17 million housing deficit, by facilitating the building of one million houses annually across the country through the National Housing Programme (NHP).

Mustapha vowed that the administration would do the needful to accomplish the task even as he commended the productive efforts of Nigerians-in-Diaspora through their remittances to the economy.

He pleaded that the remittances could be invested in building beautiful estates with a view to halting the problems of fraud and abuse of trust by friends and relatives.



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