The House of Representatives Committee on Housing, led by Hon. Abdulmumin Jibril, has voiced its displeasure over the absence of the Minister of Housing and Urban Development, Architect Ahmed Musa Dangiwa, at the 2025 budget defence session.
During the session, Shaibu Belgore, the Permanent Secretary of the Ministry of Housing and Urban Development, appeared on behalf of the Minister. However, the committee declined to accept Belgore’s presentation, citing the absence of an official letter authorizing him to represent the Minister. The committee labeled this omission as an act of insubordination and insisted that the Minister must appear in person to address pressing issues that only he could clarify.
Federal Mortgage Bank Proposes ₦268.39 Billion Budget for 2025
In a related development, the Managing Director and Chief Executive Officer of the Federal Mortgage Bank of Nigeria presented the bank’s budget performance for 2024. He disclosed that the bank is projecting a budget of ₦268.39 billion for 2025, an increase from the ₦223 billion allocated in 2024. The presentation outlined key areas of focus, including enhanced mortgage accessibility and housing finance.
Federal Housing Authority Achieves 118% Revenue Performance
The Federal Housing Authority (FHA), in its presentation, highlighted that it recorded an impressive 118% internally generated revenue (IGR) performance in 2024. The agency proposed a budget of over ₦184 billion for 2025, signaling its commitment to sustaining its revenue growth and addressing housing deficits across the country.
Committee Chairman Raises Concerns Over Housing Allocation
Hon. Abdulmumin Jibril expressed concerns about the allocation to the housing sector, describing it as grossly inadequate. He noted a contradiction between the claims of 100% performance by housing agencies and the reported insufficiency of funds. Jibril emphasized the need for greater transparency and accountability in budget implementation to effectively tackle Nigeria’s housing challenges.
The committee reiterated its commitment to ensuring that the housing sector is adequately funded and that all stakeholders are held accountable in their efforts to address the nation’s housing deficit.