FHA remits N2.9bn to FG begins massive staff promotions
The Federal Housing Authority (FHA) says it has made a ₦2.9 billion remittance to the Federal Government and has launched a comprehensive staff promotion exercise aimed at ending chronic career stagnation and strengthening the institution’s operational capacity. The developments, disclosed by the FHA Managing Director and Chief Executive, Hon. Oyetunde Ojo, during a recent town hall meeting with staff at the Authority’s headquarters, mark one of the most significant turns in the agency’s fortunes in recent years. 
According to Ojo, the FHA remits N2.9bn to FG is a milestone that reflects the Authority’s renewed fiscal discipline and remarkable revenue turnaround — moving from the brink of financial distress to a robust revenue-generating mode. This, he said, has created the fiscal headroom needed to reward staff through long-awaited promotions and reinvest in key housing projects across the country. 
From Financial Strain to Fiscal Relevance
For years, the FHA has battled with weak internally generated revenue, project delays and a lack of clear direction. Staff morale was further dampened by career stagnation, with some officers reportedly remaining on the same grade level for over a decade. Addressing this issue head-on, Ojo noted that the FHA remits N2.9bn to FG reflects a shift toward accountability and returns on performance. 
“We were once near financial collapse,” the Managing Director told employees. “Today, we have the capacity to remit nearly ₦2.9 billion into the consolidated revenue fund and still pursue growth, staff welfare and project delivery.” 
Ojo’s comments came during what was described as a candid and purpose-driven forum, where he also condemned the “career stagnation” that had lingered in the Authority. “It is unacceptable for hardworking staff to remain on the same level for 13 years,” he stated, emphasising that the promotion exercise was designed to correct longstanding injustices and boost institutional efficiency. 
Massive Promotions to Clear Backlogs
In outlining the staff development agenda, the MD revealed that the FHA has concluded a comprehensive promotion exercise for staff on Grade Levels 1 to 17, with a pass rate of between 60 per cent and 70 per cent. This large-scale effort, he said, clears the backlog of delayed promotions that had frustrated career progression and weakened motivation across departments. 
Reaffirming that progress must be backed by financial prudence, Ojo noted that promotions were only issued where the FHA had the fiscal capacity to sustain them. “Promotion must be backed by our capacity to pay. We will not promote people into financial hardship,” he stressed, underscoring the need for balance between reward and responsible budgeting. 
In an unprecedented move, necessary ministerial approvals for the promotions were secured within 48 hours — a pace that signalled strong support from the supervising ministry and underscored the urgency with which the Authority sought to resolve historical bottlenecks. 
https://ogelenews.ng/fha-remits-n2-9bn-fg-staff-promotions
Institutional Reorganisation on the Horizon
To accommodate the influx of newly promoted officers and close critical gaps in organisational structure, the FHA has proposed to the Ministry of Housing and Urban Development the creation of four new departments. These are Revenue Mobilisation and Consultancy, Facility Management, an upgraded ICT Department, and an expanded Board level office, each to be led by a General Manager, according to Ojo. 
He argued that such restructuring is aligned with the Authority’s evolving role as a key player in Nigeria’s housing ecosystem and its renewed commitment to delivering on government housing priorities. “We must complete what we start and deliver homes to Nigerians,” the MD emphasised. “Housing is not just about buildings; it is about dignity, stability and national development.” 
Projects and Deliveries Underway
The FHA remits N2.9bn to FG comes amid broader housing initiatives. Ojo noted that the 380-unit Bwari Estate is slated for commissioning between May and June 2026, while the Authority is executing a massive 1,550-unit housing project for the Nigerian Army. Such projects reflect the Authority’s expanding footprint in delivering sustainable living solutions for diverse segments of the population. 
Aligned with the Renewed Hope Agenda of the federal government, the MD reiterated that the FHA is committed to completing all projects it initiates and avoiding the abandonment that has plagued numerous housing initiatives in the past. 
A Focus on Staff Welfare and Performance
Beyond promotions, the FHA has also introduced measures to improve staff welfare and working conditions. In December 2025, the Authority began deploying a new fleet of vehicles to ease staff mobility across duty posts. Ojo said more coaster buses will be added by the end of 2026 to lighten the commuting burden. 
Calling for improved work ethics, he mandated a strict eight-hour workday and directed staff stationed in various estates and site offices to first report at headquarters before proceeding to their respective duties. This order is part of broader organisational reforms aimed at boosting productivity and accountability. 
In closing remarks at the town hall meeting, the FHA’s Executive Director, Estate and Services, Arc. Ezekiel Nya-Etok, applauded Ojo’s leadership, urging staff to remain dedicated to ongoing reforms and to see the remit and promotions as evidence of a serious shift in institutional fortunes. 
Why It Matters
The dual news that the FHA remits N2.9bn to FG and has begun massive staff promotions signals more than routine administrative updates. For years, the Authority has struggled with weak revenue performance, stalled projects and low staff morale. The current turn of events reflects a concerted effort to revitalise the institution, improve internal governance, and link staff development to organisational success.
Observers say that if sustained, the reforms could enhance the FHA’s capacity to deliver affordable housing, strengthen its revenue base, and position it as a more efficient parastatal in the national development architecture.
For staff who have waited years for recognition and career progression, the promotions represent both a personal and institutional milestone. For the government, the remittance of nearly ₦2.9 billion to its coffers underscores the potential of well-managed agencies to contribute meaningfully to the national treasury.
Whether the Authority can maintain this momentum remains to be seen, but the current leadership has laid down a marker that signals a shift from stagnation to strategic growth and accountability.
https://punchng.com/fha-remits-n2-9bn-to-fg-begins-massive-staff-promotions-md
