Housing law news nigeria
Here are some recent housing law news in Nigeria:
- National Housing Fund (NHF) Amendment Bill: The Nigerian Senate has passed the National Housing Fund (NHF) Amendment Bill, which aims to increase the contribution rate from 2.5% to 5% of employees' salaries to boost the fund's capital base and improve housing delivery. (Source: Vanguard News)
- Lagos State Housing Law: The Lagos State Government has enacted a new housing law, which provides for the establishment of a housing authority to oversee the development of affordable housing in the state. The law also provides for the creation of a housing fund to finance housing projects. (Source: ThisDay Live)
- Federal Mortgage Bank of Nigeria (FMBN) Reform: The Federal Government has announced plans to reform the Federal Mortgage Bank of Nigeria (FMBN) to make it more effective in providing affordable housing to Nigerians. The reform is expected to include the recapitalization of the bank and the introduction of new products and services. (Source: Leadership Newspaper)
- Nigerian Building Code: The Federal Government has launched a new Nigerian Building Code, which aims to improve the quality of buildings in the country. The code sets out minimum standards for building design, construction, and maintenance. (Source: The Guardian Nigeria)
- Housing Finance in Nigeria: A report by the African Development Bank has highlighted the challenges facing housing finance in Nigeria, including high interest rates, limited access to credit, and inadequate housing data. The report recommends measures to improve housing finance, including the development of a national housing policy and the establishment of a housing finance institution. (Source: BusinessDay Nigeria)
- Lagos State Affordable Housing Scheme: The Lagos State Government has launched an affordable housing scheme, which aims to provide 10,000 housing units to low-income earners in the state. The scheme is expected to be implemented in partnership with private developers and financial institutions. (Source: Punch Newspaper)
- National Housing Policy: The Federal Government has announced plans to develop a national housing policy, which aims to address the housing needs of Nigerians and promote sustainable housing development. The policy is expected to be launched in 2023. (Source: Daily Trust)
- Housing and Urban Development in Nigeria: A report by the United Nations Human Settlements Programme (UN-Habitat) has highlighted the challenges facing housing and urban development in Nigeria, including rapid urbanization, inadequate housing supply, and poor living conditions. The report recommends measures to improve housing and urban development, including the development of a national urban policy and the promotion of sustainable urban planning. (Source: UN-Habitat)
These are just a few examples of recent housing law news in Nigeria.