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2020 Budget: Proposed N40bn For Housing Sector Inadequate ― Reps

The House of Representatives on Tuesday expressed displeasure over poor budgetary allocation to the housing sector in the 2019 Appropriation Bill brought before the Parliament last week by President Muhammadu Buhari. Budget

Chairman, House Committee on Housing and Habitat, Hon. Mustapha Dawaki who stated this at the inaugural meeting of the Committee in Abuja, observed that over N40 billion out of N262 billion proposed for the works and housing sector approved for the sector was inadequate, hence called for repositioning of Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA) in the bid to boost housing delivery across the country. Budget

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“The housing Ministry was independent before the merger after President Buhari was elected. Power was a different Ministry, works was a different Ministry, housing was also a different Ministry. But now power has been detached from the three that were combined; now we have Committee on Works and Housing. Budget

The House of Representatives on Tuesday expressed displeasure over poor budgetary allocation to the housing sector in the 2019 Appropriation Bill brought before the Parliament last week by President Muhammadu Buhari.

Chairman, House Committee on Housing and Habitat, Hon. Mustapha Dawaki who stated this at the inaugural meeting of the Committee in Abuja, observed that over N40 billion out of N262 billion proposed for the works and housing sector approved for the sector was inadequate, hence called for repositioning of Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA) in the bid to boost housing delivery across the country. Budget

“The housing Ministry was independent before the merger after President Buhari was elected. Power was a different Ministry, works was a different Ministry, housing was also a different Ministry. But now power has been detached from the three that were combined; now we have Committee on Works and Housing.

2020 Budget

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