The Nigerian government has taken a bold step to reshape the housing sector by investing N150bn through the Ministry of Finance Incorporated in the Real Estate Investment Fund.
This move reinforces the government’s commitment to driving homeownership and economic growth while positioning the private sector at the forefront of execution and management.
Under President Bola Tinubu’s vision, with Finance Minister Wale Edun leading the charge, this initiative is set to open up new opportunities for Nigerians seeking affordable homes.
With this significant investment, the foundation has been laid for long-term sustainability under expert private sector stewardship. The appointed fund manager, ARM Investment Managers, will channel the funds to facilitate long-term, low-cost mortgage financing while also guaranteeing developers the security they need to deliver quality housing on time.
This approach is expected to not only boost homeownership but also accelerate economic development through the real estate and construction industries.
MREIF is positioned to revolutionize housing access by making long-term mortgages more attainable for aspiring homeowners. At the same time, real estate developers will benefit from guaranteed funding, allowing them to scale up affordable housing projects, create jobs, and stimulate broader economic activity. Following the successful full subscription of the N150bn Series 1 issuance, MOFI has announced that Series 2, worth N100bn, will soon be available to private and commercial investors, pending approval from the Securities and Exchange Commission.
This initiative presents an exciting opportunity for institutional investors, high-net-worth individuals, and private stakeholders to take part in a transformative project that merges economic impact with financial returns. Investors will not only benefit from attractive profits but will also contribute to Nigeria’s economic growth, housing development, and alignment with the United Nations’ Sustainable Development Goals.
