The National Housing Authority (NHA) has signed a US$360,000 agreement with the African Development Bank (AFDB) aimed at providing capacity building and technical service assistance to the NHA.
Acting as the administrator of the Nigeria Technical Cooperation Fund, the Bank will provide capacity building and others technical assistance to the National Housing Authority in its service delivery.
AFDB was represented by its Country Head, Dr. Margaret Kilo, at the signing ceremony, while the National Housing Authority’s (NHA) Managing Director Samuel W. Thompson also represented it at the signing.
According to Dr. Kilo, the Bank shall act as the administrator of the Nigeria Technical Cooperation Fund (NTCF) pursuant to a Technical Cooperation Agreement signed on the 5th of April 2004 between the Government of Federal Republic of Nigeria and the AfDB.
She said the objective of the NTCF is to promote African solidarity, regional integration, technological advancement and economic independence through increased capacity building and institutional support initiatives for the Bank’s Regional Member Countries (RMCs).
She added that the significance of the housing sector to growth of any economy couldn’t be over emphasized.
Dr. Kilo used the occasion to call on other institutions to support the NHA in building its capacity to meet Liberia’s critical housing needs.
In a brief remark, NHA Managing Director Samuel Thompson expressed gratitude to the Bank for the level of support to the country.
The MD recounted several major interventions of the Bank in the areas of power, water and road and said this was another commendable intervention.
According to MD Thompson, the capacity building is critical to a country coming from war; therefore the support of the NTCF and the AFDB to the NHA in this area is very strategic.
He lauded the effort of the AFDB and said he was excited over the support, which is a critical milestone in developing technocrats, support staff and equipping the NHA in its ongoing Housing Policy reforms to foster growth of the Liberian housing sector.
According to Mr. Thompson, the capacity building fund will help the NHA develop its internal capacity in Technical Services, Information Technology, Finance and Procurement.
He said that local and foreign training of staff will place the entity in a better position to meet current housing challenges in developing innovative products, proper financial reporting, timely responses and ensuring value for money.