Nigeria Launches N150bn Real Estate Investment Fund to Boost Housing and Economic Growth
The Nigerian government has taken a decisive step in addressing the country’s housing deficit by fully subscribing to the N150 billion Series 1 issuance of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). The move signals the government’s commitment to expanding homeownership while leveraging private sector expertise to drive implementation and management.
The initiative, championed by President Bola Tinubu and led by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is designed to transform Nigeria’s real estate landscape by providing long-term, low-cost mortgage financing and incentivising developers to build affordable housing.
“By seeding the fund with N150 billion, the Federal Government has laid a strong foundation for MREIF’s success, ensuring its sustainability and long-term impact under the stewardship of private sector expertise,” a statement from the Ministry of Finance Incorporated (MOFI) read.
ARM Investment Managers, the appointed Fund Manager, will oversee the deployment of funds to facilitate homeownership and ensure timely delivery of quality housing. The fund is expected to stimulate economic activity by creating jobs in the construction and real estate industries.
With the full subscription of Series 1 and 100 per cent of units allotted to MOFI, preparations are now underway for the Series 2 issuance of N100 billion, which will be open to private and commercial investors, pending regulatory approval from the Securities and Exchange Commission.
“This is a unique opportunity for institutional investors, high-net-worth individuals, and private stakeholders to participate in a transformative initiative that promises both economic impact and competitive financial returns,” the statement added.
Private investors in MREIF will not only benefit from attractive returns but also contribute to the diversification of Nigeria’s housing market, economic expansion, and alignment with the United Nations’ Sustainable Development Goals. As the government shifts towards a market-driven approach to real estate financing, the success of MREIF will be closely watched as a model for future housing and infrastructure investments.
