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	<title>N20 trillion federal assets - Housing TV Africa</title>
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	<title>N20 trillion federal assets - Housing TV Africa</title>
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		<title>Reps to Probe N20 Trillion Abandoned Federal Properties</title>
		<link>https://www.housingtvafrica.com/reps-to-probe-n20-trillion-abandoned-federal-properties/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=reps-to-probe-n20-trillion-abandoned-federal-properties</link>
		
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		<pubDate>Thu, 13 Nov 2025 08:42:24 +0000</pubDate>
				<category><![CDATA[Housing]]></category>
		<category><![CDATA[Housing News]]></category>
		<category><![CDATA[abandoned federal properties Nigeria]]></category>
		<category><![CDATA[government property waste]]></category>
		<category><![CDATA[House of Representatives Nigeria]]></category>
		<category><![CDATA[housingnewsnigeria]]></category>
		<category><![CDATA[infrastructure accountability]]></category>
		<category><![CDATA[Kingsley Chinda]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[N20 trillion federal assets]]></category>
		<category><![CDATA[Nigerian public assets]]></category>
		<category><![CDATA[PPP in Nigeria]]></category>
		<category><![CDATA[Presidential Implementation Committee]]></category>
		<category><![CDATA[Tajudeen Abbas]]></category>
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					<description><![CDATA[<p><img width="768" height="433" src="https://www.housingtvafrica.com/wp-content/uploads/2025/11/house-of-reps-768x433.jpg.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Federal Secretariat Complex in Ikoyi, Lagos, one of the abandoned properties under House of Reps investigation." decoding="async" /></p>
<p>The House of Representatives has resolved to investigate over 11,800 abandoned federal government properties across Nigeria, collectively valued at more than N20 trillion. The decision followed a motion presented during Wednesday’s plenary session. Minority Leader Kingsley Chinda referenced a report by the Nigerian Institute of Quantity Surveyors, which identified 11,866 neglected federal properties as of [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/reps-to-probe-n20-trillion-abandoned-federal-properties/">Reps to Probe N20 Trillion Abandoned Federal Properties</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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										<content:encoded><![CDATA[<p><img width="768" height="433" src="https://www.housingtvafrica.com/wp-content/uploads/2025/11/house-of-reps-768x433.jpg.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Federal Secretariat Complex in Ikoyi, Lagos, one of the abandoned properties under House of Reps investigation." decoding="async" /></p><p>The House of Representatives has resolved to investigate over 11,800 abandoned federal government properties across Nigeria, collectively valued at more than N20 trillion.</p>
<p>The decision followed a motion presented during Wednesday’s plenary session.</p>
<p>Minority Leader <a href="https://dailytrust.com/reps-to-probe-n20trn-abandoned-fgs-properties/?noamp=available">Kingsley</a> Chinda referenced a report by the Nigerian Institute of Quantity Surveyors, which identified 11,866 neglected federal properties as of August 2021.</p>
<p>These represent roughly 63% of federal building projects initiated since independence. Chinda described the situation as a “colossal waste of national resources,” with many structures falling into disrepair due to neglect.</p>
<p>Key projects highlighted include the Federal Secretariat Complex, Ikoyi, Lagos; Nigerian International Hotel, Suleja; Millennium Tower, Abuja; National Library, Abuja; Nigerian Newsprint Manufacturing Company, Oku Iboku; Kaduna Textile Building; Nigerian Aluminium Smelting Company, Delta State; as well as multiple livestock and agricultural processing centres nationwide.</p>
<p>Chinda expressed concern that the Presidential Implementation Committee (PIC) on federal properties, established in 2000 under former President Olusegun Obasanjo, has yet to submit its official report—25 years later—raising transparency and accountability issues.</p>
<p>The motion noted that many properties have depreciated due to inflation and outdated designs and encouraged the government to explore Public-Private Partnerships (PPP) to revitalize and repurpose the abandoned assets.</p>
<p>Speaker Tajudeen Abbas announced that a special ad hoc committee will be formed to review the PIC report, verify the status of abandoned properties, and provide recommendations within six weeks. The motion was unanimously adopted by the House.</p>
<p>The post <a href="https://www.housingtvafrica.com/reps-to-probe-n20-trillion-abandoned-federal-properties/">Reps to Probe N20 Trillion Abandoned Federal Properties</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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