FHA remits N2.9bn and launches major staff promotions
The Federal Housing Authority has made a significant financial turnaround, remitting about N2.9bn to the Federal Government’s Consolidated Revenue Fund. Oyetunde Ojo, the Managing Director and Chief Executive, highlighted these achievements during a recent town hall meeting with staff. He addressed long-standing issues of career stagnation and outlined new initiatives to improve staff welfare and agency performance. The FHA is also aligning its projects with the mandate of Bola Tinubu to provide affordable housing.
What we know
- Oyetunde Ojo revealed that some staff had been stuck on the same grade level for 13 years, calling it unacceptable.
- A comprehensive promotion exercise for Grade Levels 1 to 17 was recently concluded, with a 60–70 per cent pass rate and ministerial approvals secured within 48 hours.
- The FHA has proposed creating four new departments to accommodate newly promoted staff and address vacancy shortages.
- The 380-unit Bwari Estate is slated for commissioning in May or June 2026, and a 1,550-unit housing project for the Nigerian Army is underway.
- The FHA began deploying a new fleet of vehicles in December 2025, with plans to add more coaster buses by December 2026.
