Nigeria's Federal Housing Authority (FHA) realises that greater private sector participation is needed for effective housing development and is inviting local and foreign companies to consider the available opportunities.
Nigeria has a housing deficit of 16 million. The FHA is the prime government agency charged with the responsibility of providing housing for the masses. The FHA wants to build strategic alliances and joint venture partnerships not only with developers but also with bankers, multi-lateral funding agencies and capital market operators for effective housing development.
The Authority's zonal offices are also being re-organised and strengthened with experienced high-ranking staff. This is to ensure prompt decision making in meeting customer needs and easier access at grass roots level.
Investment Opportunities:
Investors have the opportunity to partner with the FHA in the following areas:
New Estate Development: The FHA has choice land holdings in Nigeria's major cities such as Lagos, Abuja, Port Harcourt, Kano and in other state capitals.
Estate Management: Most of the completed estates require sustainable maintenance and management of facilities. Investors could partner with the FHA in the management of existing estates.
Contact Details: Investors interested to invest in Nigeria's housing sector should contact: infonigeria@gan.co.za
