Areas of statutory responsibilities and functions
(a) the preparation and submission from time to time to the Government of proposals for national housing programmes;
(b) the making of recommendations to the Government on such aspects of urban and regional planning, transportation, communications, electric power, sewerage, and water supply development as may be relevant to the successful execution of housing programmes approved by the Government; and
(c) the execution of such housing programmes as may be approved by the Government.
Subject to its enabling Act, the Authority shall have power to do anything which in its opinion is calculated to facilitate the carrying out of its functions including (without prejudice to the generality of the foregoing) the power to-
(a) sue and be sued in its corporate name;
(b) acquire, hold and manage movable or immovable property;
(c) acquire, construct and maintain dwelling houses, schools, communal and commercial buildings, and other structures;
(d) enter into contracts for the construction, maintenance, management or rep airs of any property;
(e) purchase or otherwise acquire any assets, business or other property where, in the opinion of the Authority, such purchase or acquisition is necessary for the proper discharge of its functions under this Act;
(f) sell, let, lease or otherwise dispose of any property vested in the Authority;
(g) borrow money for the operations of the Authority but where the amount of any particular loan is not less than N200,000 that amount may only be borrowed with the prior approval of the President;
(h) undertake or sponsor the undertaking of such research as may be necessary for the performance of its functions;
(i) train managerial, technical and other staff for the purpose of running the Authority's operation.