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By Chinyere Anyanwu
The Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) has partnered with Eligible Financial Institutions (EFIs), including Primary Mortgage Institutions (PMIs) and commercial banks, to address Nigeria’s housing gap and make homeownership affordable. Tola Akinsulire, Chief Commercial Officer of Mixta Real Estate Plc, described the initiative as a transformative approach to tackling systemic issues that have hindered past housing programs.
He highlighted that MREIF aims to empower existing players in the housing and mortgage sectors while attracting private and institutional investments.
The fund is structured to provide off-take guarantees for qualified developers across small, medium, and large-scale projects, ensuring inclusive participation. It will also inject liquidity into the mortgage market, enabling more Nigerians to access affordable, long-term mortgages.
Regulated by the Securities and Exchange Commission (SEC), MREIF employs a robust governance framework to ensure transparency and risk management, instilling confidence in investors and stakeholders.
MREIF is not just about building houses but about creating a sustainable housing ecosystem that benefits developers, lenders, and aspiring homeowners across Nigeria.
