The Ministry of Finance Incorporated (MOFI) has announced that it has successfully closed its N250bn Real Estate Investment Fund (MREIF) pilot fundraising, attracting strong private sector participation under a N100 billion issuance tranche.
In a statement by Sani Yakubu, Executive Director (Coordinator), MRIEF, on Thursday, it stated that MREIF has established itself as a highly credible, market-driven investment platform to address Nigeria’s housing finance gap.
“The N100 billion Series 2 issuance was fully subscribed, with strong demand across a broad base of institutional investors, thereby depicting high investor confidence in the fund’s structure and long-term potential.
“MOFl’s sole investment in the N150 billion Series 1 offer, private sector participation in Series 2 was resounding, positioning MREIF as a leading platform for mobilising capital into Nigeria’s real estate sector.
“The fund is structured to deliver competitive returns while enabling affordable homeownership through long-term, low-cost mortgage financing at scale.”
