The Managing Director/Chief Executive Officer of Fesadeb Media Group and Convener of the Africa International Housing Show (AIHS), Festus Adebayo, has called for urgent reforms in Nigeria’s housing sector laws.
He described many of the existing policies as obsolete and inadequate for present-day challenges.
Adebayo noted that the laws establishing key housing institutions such as the Federal Housing Authority (FHA) and the Federal Mortgage Bank of Nigeria (FMBN) are outdated and hinder effective service delivery.
“In Nigeria, the laws that establish some of the housing agencies are moribund.
“Check the law that establishes FHA, you will discover that it is time for us to review it so that FHA can be able to do more in the performance and delivery of its mandate.
“The same thing applies to the Federal Mortgage Bank. The law only provides solutions to problems that existed at the time it was created; it needs urgent review,” he said.
The 9th edition of the AIHS, scheduled to take place between Tuesday, July 27, to August 1, 2025, will have as special guests the governors of Sokoto, Bauchi, and Kano States, who are expected to showcase their respective states’ achievements in housing and infrastructure development.
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Adebayo emphasised that the theme of this year’s show: “Reimagining housing through innovation, collaboration and policy,” aligns with the urgent need to modernise housing policies and strengthen collaboration between government and private sector players to meet Africa’s growing housing demand.
He reiterated that reforming housing laws and fostering partnerships are crucial steps to ensure sustainable solutions to Nigeria’s housing deficit.
