The Federal Government has called for the expansion of the MOFI Real Estate Investment Fund to make affordable housing more accessible to Nigerians, as part of efforts to tackle the country’s housing deficit.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the call while receiving a delegation from the MOFI Real Estate Investment Fund following a presentation on the programme’s progress and impact.
In a statement from the Ministry’s X handle yesterday, Edun described the initiative as a strong example of how innovation and collaboration can address major national challenges, particularly in the housing sector.
He said the government is focused on scaling the fund to reach more Nigerians, especially low- and middle-income earners who struggle to access affordable housing.
The fund, known as MOFI Real Estate Investment Fund, is designed to provide long-term, low-cost mortgage financing at rates below double digits, a development seen as a major shift in Nigeria’s housing finance system.
Officials said the initiative aligns with the policy direction of President Bola Tinubu, which aims to introduce practical and people-focused economic policies that make better use of the financial system to support inclusive growth.
