The Ministry of Finance Incorporated has announced the launch of the N100bn Series 2 Offering under the MOFI Real Estate Investment Fund, marking a significant step in addressing Nigeria’s housing deficit.
According to a statement on Monday, the new offering builds upon the successful N150bn Series 1 subscription, bringing the total capital raised under the fund to N250bn.
MREIF is a government-backed initiative to bridge Nigeria’s estimated 20 million housing deficit by providing long-term, affordable financing for housing development and homeownership.
The statement noted that the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda and is structured to mobilise private sector investment in the housing sector.
It read, “The Ministry of Finance Incorporated is pleased to announce the launch of the N100bn Series 2 Offering under the MOFI Real Estate Investment Fund.
“This second phase builds upon the successful N150bn Series 1 subscription, bringing the total initial funding under MREIF to N250bn.”
While Series 1 was fully subscribed by MOFI as the anchor investor, Series 2 is designed to attract private sector participation, with N100bn expected from institutional investors.
