Senate Advocates Partial Privatisation of FHA and FMB

12 November 2020 By James Itodo

Senate has suggested partial privatisation of the Federal Housing Authority and the Federal Mortgage Bank for revenue generation.

A member of the Senate committee on Housing, Senator Isah Jibrin, gave the suggestion at the 2021 budget defence of the Ministry of Housing in Abuja.

He explained that the privatisation would enable the agencies to be listed on the Nigeria stock Exchange inline with international best practices.

Senator Jibrin, further suggested a review of the extant laws of the enterprises to enable the partial privatisation

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