12th April 2023
Amendment of the National Housing Fund Act and Contribution into the National Housing Fund
On March 24, 2023, the Director General of the Nigeria Employers’ Consultative Association (NECA) issued a circular to all member-companies regarding changes to the National Housing Fund Act and contributions made to the National Housing Fund (NHF).
This comes after the signing of the Business Facilitation Act (BFA) 2022, which generally seeks to enhance the ease of doing business in Nigeria, for Micro, Small and Medium-Sized Enterprises (MSMEs), and promote transparency and efficiency in public service delivery.
The NECA circular summarises the key changes to the NHF Act and how they will affect contributions made by private sector employers.
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