The Federal Government has listed ₦1 Trillion MREIF on NGX to Expand Private Capital Access for Affordable Housing
The Federal Government has listed the commercial tranche of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) on the Nigerian Exchange Group in Lagos, strengthening its strategy to mobilise private capital for affordable housing and deepen Nigeria’s financial markets.
The listing, conducted at the NGX headquarters, formalizes the MREIF as a tradeable investment vehicle designed to attract institutional and retail investors, unlock long–term mortgage financing, and support national efforts to reduce the country’s housing deficit.
A New Model for Housing Finance
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, stated that the fund introduces a “transformational model” by blending private investment with public policy to scale affordable housing. He noted that expanding access to mortgage financing will stimulate job creation, enhance economic activity, and strengthen Nigeria’s housing value chain.
Dr Shamsuddeen Usman, Chairman of the MOFI Board, described the listing as a significant advancement for Nigeria’s capital markets. He emphasized that institutionalizing real estate as an investible asset class broadens opportunities for inclusive economic development.
Early Impact and Fund Performance
According to Dr Armstrong Ume Takang, Managing Director and CEO of MOFI, more than 1,000 mortgages have been issued since disbursements began in May 2025. He explained that the fund is structured to provide long–term, low–cost mortgage financing, enabling more Nigerians to transition into homeownership while catalysing economic activity across the construction and real estate sectors.
The MREIF offers financing at a fixed interest rate of 9.75%, a maximum tenure of 20 years, and a minimum equity contribution of 10%. These terms are intended to broaden affordability and expand access to formal mortgage products.
Investor Participation and Market Transparency
By listing the fund on the NGX, the government aims to enhance visibility, liquidity, and governance oversight. The listing also enables participation from retail and institutional investors, including Nigerians in the diaspora seeking exposure to social–impact asset classes.
The NGX platform provides a disclosure framework expected to strengthen investor confidence and attract diversified funding into the housing sector.
Policy Alignment and Broader Economic Goals
The initiative forms part of the Tinubu administration’s Renewed Hope Agenda, which positions affordable housing as a driver of economic inclusion and long–term development. MOFI, as the federal government’s investment arm, is responsible for managing the fund and coordinating investments that support national priorities.
The listing of the ₦1 trillion MREIF signals a deliberate shift toward market–driven solutions for housing finance. By leveraging private capital, improving transparency, and institutionalising mortgage access, the government aims to build a scalable model capable of addressing housing supply constraints while expanding economic opportunities for citizens.
If successfully executed, the fund could set a new benchmark for public–private collaboration in Nigeria’s housing market and deepen investor participation in real estate–backed instruments.
