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New national housing fund bill

Estate Developer supports Buhari’s veto on new national housing fund bill

Real Estate Entrepreneur, ‘Debo Adejana shared his view about the new national housing fund bill passed into law by the National assembly on February 18th, 2019. He commends President Buhari for no assenting to the bill.

He said “Going through the Deloitte report that I read about the bill, while I commend the National Assembly for giving consideration to ways by which we can begin to address the mounting housing stock deficit, I was a little disappointed with the outcome”

“It is a bill of 2004 we are trying to amend and I just felt there are a few things that are not so right”

A lot of things have been said that I would not want to repeat, but you can check online to confirm or send a mail to us at media@realtypointltd.com and we would forward a report to you.

Mr. Adejana said the sum that workers are to contribute should not be increased “contributing 2.5% of our whole pay as against 2.5% of our basic salary will be too strenuous on many Nigerian workers and will further reduce their almost non-existent disposable income”

READ ALSO: LCCI lauds Buhari for declining assent to NHF bill

On another point he raised is that the new penalties recommended are too steep and the political will to enforce may not be there.

Below is the full video that captures his view on the new national housing fund bill

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