{"id":169,"date":"2025-02-11T17:31:34","date_gmt":"2025-02-11T17:31:34","guid":{"rendered":"https:\/\/propertymarketplace.com.ng\/blog\/?p=169"},"modified":"2025-04-15T17:37:39","modified_gmt":"2025-04-15T17:37:39","slug":"nigeria-launches-n100bn-housing-fund-to-tackle-20-million-deficit","status":"publish","type":"post","link":"https:\/\/propertymarketplace.com.ng\/blog\/2025\/02\/11\/nigeria-launches-n100bn-housing-fund-to-tackle-20-million-deficit\/","title":{"rendered":"Nigeria Launches N100bn Housing Fund to Tackle 20 Million Deficit"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Abuja, Nigeria \u2013 In a major push to address Nigeria&#8217;s chronic housing shortage, the Ministry of Finance Incorporated (MOFI) has unveiled a N100 billion Series 2 Real Estate Investment Fund, bringing total commitments under the initiative to N250 billion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">&nbsp;Expanding Affordable Housing Finance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The MOFI Real Estate Investment Fund (MREIF), which ultimately targets N1 trillion in financing, offers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>25 years mortgage terms<\/li>\n\n\n\n<li>Competitive interest rates of 1112% (below commercial rates)<\/li>\n\n\n\n<li>Public-private partnership structure to scale investment<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Finance Minister Wale Edun emphasized that the fund aligns with President Tinubu&#8217;s Renewed Hope Agenda, stating: &#8220;This initiative demonstrates our commitment to making homeownership accessible while creating jobs and boosting infrastructure.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">&nbsp;Key Differentiators from Series 1<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While the N150 billion Series 1 was fully funded by MOFI, the new tranche actively seeks private sector participation through:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Partnerships with fund managers and issuing houses<\/li>\n\n\n\n<li>Capital market mobilization from institutional investors<\/li>\n\n\n\n<li>Blended finance model to derisk housing investments<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">&nbsp;How the Fund Operates<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MOFI CEO Armstrong Takang clarified the fund&#8217;s unique approach:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Not a direct mortgage lender or developer<\/li>\n\n\n\n<li>Creates investment instruments to attract capital into housing<\/li>\n\n\n\n<li>Mortgages will be issued through partner financial institutions starting this month<\/li>\n\n\n\n<li>Broader Economic Impact<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">MOFI Board Chairman Shamsuddeen Usman described the initiative as &#8220;transformative for Nigeria&#8217;s economy,&#8221; with SEC DG Emomotimi Agama highlighting its alignment with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Financial inclusion goals\u00a0<\/li>\n\n\n\n<li>International best practices\u00a0<\/li>\n\n\n\n<li>Capital marketdriven development<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">&nbsp;Next Steps<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With the N100bn Series 2 launch, MOFI advances toward its N1 trillion target, which could:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stimulate construction sector jobs<\/li>\n\n\n\n<li>Improve housing affordability<\/li>\n\n\n\n<li>Attract institutional investment to Nigeria&#8217;s real estate market<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This is just the beginning of MOFI&#8217;s transformative economic initiatives,&#8221; Usman concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abuja, Nigeria \u2013 In a major push to address Nigeria&#8217;s chronic housing shortage, the Ministry of Finance Incorporated (MOFI) has unveiled a N100 billion Series 2 Real Estate Investment Fund, bringing total commitments under the initiative to N250 billion. &nbsp;Expanding Affordable Housing Finance The MOFI Real Estate Investment Fund (MREIF), which ultimately targets N1 trillion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[136],"class_list":["post-169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-mofi"],"formatted_date":"1 year Ago","categories_names":["News"],"fimg_url":"https:\/\/assets.propertymarketplace.com.ng\/blg\/uploads\/2025\/04\/Nigeria-Launches-N100bn-Housing-Fund-400x285.jpg","_links":{"self":[{"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/posts\/169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=169"}],"version-history":[{"count":1,"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/posts\/169\/revisions"}],"predecessor-version":[{"id":171,"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/posts\/169\/revisions\/171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/media\/170"}],"wp:attachment":[{"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertymarketplace.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}