No More Lost Revenue, As FHA Announces Record Remittance to FG

Abuja, Nigeria — Over ₦3.1 billion has hit Nigeria’s Consolidated Revenue Fund (CRF) account from the Federal Housing Authority in the first half of 2026.

This record revenue is made possible by the forward-thinking reforms, digital transformation to curb corruption, and accelerated housing delivery across Nigeria.

The Managing Director, Oyetunde Ojo, announced the milestone during a media briefing in Abuja on Monday.

Key Reform Drivers and Revenue Boost

The ₦3.1 billion remittance marks a significant shift in the agency’s financial performance. Ojo explained that plugging operational loopholes through total digitalization spearheaded the growth.

The new digital infrastructure has improved property management, streamlined revenue collection, and significantly minimized land disputes and costly litigations.

Additionally, strategic investments in staff welfare and leadership restructuring have boosted overall agency productivity.

National Housing Projects and Military Housing

To combat Nigeria’s widening housing deficit, the FHA says it is executing mass housing projects across major economic hubs, including Lagos. Ibadan. Kano and Abuja.

A major highlight of the ongoing delivery is the completion of 1,550 housing units built specifically for the Nigerian Army. Ojo confirmed that this military housing project is fully developed and scheduled for official commissioning soon.

Public-Private Partnerships (PPP) Focus

Moving into the second half of 2026, the FHA is expanding its reliance on private-sector partnerships to fund large-scale projects. By leveraging private capital, the agency aims to scale up construction without overburdening the federal budget.

While the financial turnaround positions the FHA as a highly profitable government agency, stakeholders note that the ultimate test of these reforms will rely on making these new homes genuinely affordable and accessible to low- and middle-income Nigerians.