The Federal Housing Authority (FHA), a wholly owned agency of the Federal Government of Nigeria, was established vide Decree 40 of 1973 now cited as Act CAP F-14 Laws of the Federation of Nigeria 2004. The Authority is supervised by the Federal Ministry of Works and Housing. The Authority which became partially commercialized in accordance with Decree No 25 of 1988 is charged with:
For the Authority to carry out its functions/mandate effectively, the Act granted the Authority power to:
>Sell, let, lease or otherwise dispose of any property vested in the Authority.
These functions have also been further expanded. The Authority has also been further empowered under the 2012 National Housing Policy to :
Commercialization
Pursuant to the re-defined roles of FHA, the Federal Government, through the Technical Committee on Privatization and Commercialization (TCPC) now Bureau of Public Enterprises (BPE) entered into a Performance Agreement with the Federal Housing Authority. The aim of the Performance (Commercialization) Agreement was to reduce the magnitude and scope of financial support of the Federal Government and allow the Authority to adapt to changing business requirements.
UNDER ITS ENABLING LAW, FEDERAL HOUSING AUTHORITY IS CHARGED WITH:
“TO/; PROMOTE HOUSING DELIVERY IN SUSTAINABLE SETTLEMENTS THROUGH PARTNERSHIPS AND END-USER DRIVEN INITIATIVES, AS A CATALYST FOR SOCIO-ECONOMIC DEVELOPMENT IN NIGERIA”
Professionalism, Integrity, Innovation, Team Spirit, Enjoyment, Commitment.
“TO BE THE LEADING FACILITATOR OF ACCESS TO SUSTAINABLE HOUSING SOLUTIONS IN NIGERIA AND BECOME A MODEL GOVERNMENT AGENCY IN THE WORLD”
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