The federal government, through the Ministry of Finance Incorporated (MOFI), has fully subscribed to the N150 billion Series 1 issuance for the Ministry of Finance Real Estate Investment Fund (MREIF). This bold step aims to bridge Nigeria’s housing deficit while spurring growth in the real estate and construction sectors.
Appointed as fund manager, ARM Investment Managers will oversee the deployment of the funds to provide low-cost mortgage financing for homeowners and offtake guarantees for developers. The initiative is set to improve homeownership, deliver affordable housing, and boost economic activity.
With the Series 1 Fund fully subscribed, preparations are underway for the Series 2 issuance of N100 billion, inviting private and commercial investors to participate. This transformative fund aligns with President Bola Tinubu’s vision of enhancing homeownership and supporting the UN’s Sustainable Development Goals (SDGs).
