FG moves to regulate housing sector, proposes licensing for developers, agents

By John Alechenu, AbujaThe Federal Government has unveiled plans to strengthen regulation of Nigeria’s housing and construction sector through measures that include mandatory licensing for property developers and agents, as well as the introduction of escrow accounts to protect home buyers.The Minister of Housing and Urban Development, Engr. Dr. Muttaqha Darma, disclosed this on Tuesday at the opening of a three-day Stakeholders’ Validation Workshop on the National Housing Data Prog