FG moves to regulate housing sector, proposes licensing for developers, agents
He explained that the draft National Housing and Built Environment Regulation Policy proposes reforms in six key areas, including the licensing of developers and estate agents, compulsory escrow accounts for buyers’ funds, registration of professionals, enforcement of the National Building Code, improved land administration and the establishment of a national housing data centre.
On housing finance, the minister said about six million Nigerians currently contribute to the National Housing Fund (NHF), with the Federal Mortgage Bank of Nigeria (FMBN) collecting between N120 billion and N150 billion annually.
Muttaqha Darma, disclosed this on Tuesday at the opening of a three-day Stakeholders’ Validation Workshop on the National Housing Data Programme and the Regulation of the Built Environment in Abuja.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
