MOFI Real Estate Investment Fund Secures N100 Billion for Affordable Housing in Nigeria
By DAYO ADESULU
The MOFI Real Estate Investment Fund (MREIF) has secured an additional N100 billion in funding to drive affordable housing initiatives across Nigeria. This development follows the full subscription of the MREIF Series 2 bond, marking another major milestone in Nigeria’s housing finance sector.
With this latest funding, the Ministry of Finance Incorporated (MOFI) has now raised a total of N250 billion under the MREIF programme, demonstrating growing investor confidence in the initiative.
MOFI Real Estate Investment Fund Hits N250 Billion Mark
Ministry of Finance Incorporated (MOFI) had earlier announced the full subscription of its N150 billion MREIF Series 1 bond in December 2024, which was solely funded by MOFI. The Series 2 bond, issued in February 2025, targeted private investors and attracted overwhelming participation, further validating the fund’s long-term viability.
In an official statement, Ministry of Finance Incorporated (MOFI) confirmed that the N100 billion Series 2 offering received strong demand from institutional investors, reinforcing trust in the fund’s structure and potential returns.
“The N100 billion Series 2 offering was fully subscribed, with strong demand across a broad base of institutional investors, depicting high investor confidence in the fund’s structure and long-term potential,” the statement read.
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The fund is structured to offer competitive returns while promoting affordable homeownership through long-term, low-cost mortgage financing.
Government Backs MOFI Real Estate Investment Fund for Housing Sector Growth
The Minister of Finance, Wale Edun, hailed the success of the MREIF Series 2 issuance as a game-changer for Nigeria’s real estate sector. He emphasized that the initiative would bridge the housing deficit and provide Nigerians with more affordable mortgage options.
“The full subscription of the Series 2 bond demonstrates the pent-up demand for structured, long-term housing finance solutions,” Edun said. “This success affirms the private sector’s confidence in MREIF as a sustainable investment vehicle.”
MOFI MD: MREIF to Address Housing Challenges in Nigeria
Speaking on the initiative, Managing Director of MOFI Real Estate Investment Fund, Armstrong Takang, stated that the MOFI Real Estate Investment Fund is designed to solve both housing supply and demand constraints in Nigeria.
“MOFI Real Estate Investment Fund is unlocking new investment frontiers in Nigeria’s housing sector,” Takang said. “The fully subscribed Series 2 demonstrates strong investor confidence in the fund’s structure and long-term potential.”
He further highlighted that the MREIF programme would offer affordable mortgage financing with repayment tenors of up to 20 years at interest rates as low as 12%—significantly lower than commercial rates.
N1 Trillion MREIF Programme to Expand Housing Finance in Nigeria
With the success of the first two series, MOFI is now pushing forward with a larger N1 trillion multi-tranche MREIF programme, which will focus on expanding investor participation and accelerating housing development across Nigeria.
Takang noted that MREIF is designed to integrate seamlessly with commercial and mortgage banks, developers, and financial institutions to scale long-term housing finance solutions in the country.
MOFI Real Estate Investment Fund: A Turning Point for Nigeria’s Housing Sector
The MOFI Real Estate Investment Fund (MREIF) represents a major step toward solving Nigeria’s affordable housing challenges, offering structured financial solutions to support low-cost homeownership.
By mobilizing both government and private sector capital, MREIF is setting a new standard for sustainable real estate financing in Nigeria.
As Ministry of Finance Incorporated (MOFI) continues to expand this initiative, industry experts believe that it could reshape the housing sector by reducing Nigeria’s housing deficit, attracting more private investment, and making homeownership more accessible for citizens.
Benefits of Affordable Housing
Affordable housing provides economic stability by reducing financial burdens on low and middle-income families, allowing them to allocate resources to essentials like healthcare, education, and savings. It fosters social inclusion, reducing homelessness and improving overall well-being. Additionally, it boosts economic growth by creating jobs in construction and real estate. Access to stable housing enhances public health, reducing stress-related illnesses. It also promotes community development, improving security and infrastructure. Affordable housing attracts investments, strengthens the workforce, and contributes to a more equitable society.
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Dayo Adesulu, online editor, SEO expert
