Nigeria’s journey to fix its housing gap just got a major boost.
On November 11, 2025, the Ministry of Finance Incorporated (MOFI) officially listed the MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange (NGX), marking a new chapter for how Nigerians can own and invest in real estate.
Valued at ₦1 trillion, MREIF was listed at ₦100 per unit, giving both institutional and everyday investors a chance to participate in Nigeria’s housing transformation, not just as homeowners, but as stakeholders in the country’s growth story.
What exactly is the MOFI Real Estate Investment Fund?
Think of the MOFI Real Estate Investment Fund (MREIF) as a bridge between your dreams of owning a home and the financial tools that make it possible.
Backed by the federal government but run with private-sector efficiency, MREIF makes it easier for Nigerians to access affordable mortgages, with rates fixed at 9.75%, and a repayment period up to 20 years, with an entry point as low as ₦5,000,000 (which can be covered from pension savings), the average working Nigerian now has a real shot at owning a home without breaking the bank.
Since its first disbursement in May 2025, over 1,000 Nigerians have already become homeowners through the scheme.
The Minister of Finance, Wale Edun, described it as “a transformative approach to affordable housing one that mobilizes both private and institutional capital to create jobs and stimulate economic growth.”
Dr. Armstrong Ume Takang, MOFI’s Managing Director and CEO, explained that the listing gives MREIF more visibility and transparency while attracting investors locally and abroad.
“It’s designed to make homeownership a reality for millions while driving growth across the housing value chain,” he said.
With strong credit ratings and a public-private model, MREIF’s listing is more than a market event, it’s a test case for how innovative financing can solve big national problems.
Because in a country where housing feels out of reach for many, MREIF is the key to owning homes, turning policy into access, and access into ownership.
