Tinubu Committed to Affordable Housing With N100bn MOFI Real Estate Fund
Published: April 1, 2025 | Views: 20
Private Sector Backs Administration’s Housing Initiative
The Tinubu Stakeholders Forum (TSF) has praised the successful raising of N100 billion by the MOFI Real Estate Investment Fund (MREIF) through its fully subscribed Series 2 issuance, marking a significant milestone in the administration’s affordable housing agenda.
Public-Private Partnership Success
In a joint statement signed by Chairman Ahmad Sajoh and Secretary Afolabi Josiah, the forum highlighted this achievement as a testament to the effectiveness of private sector participation in national development projects.
“This achievement is part of MREIF’s broader N250 billion pilot fundraising initiative, aimed at facilitating accessible housing finance solutions for Nigerians,” the statement read.
Strong Investor Confidence
The housing fund has received impressive ratings from leading agencies:
- AAA rating from Agusto & Co.
- AA rating from Global Credit Rating (GCR)
“The strong institutional investor confidence reaffirms the credibility and effectiveness of the fund’s structure,” the forum noted.
Beyond Construction: Creating Sustainable Solutions
The Tinubu administration’s approach to housing development focuses on creating a sustainable financial ecosystem rather than just building houses. This strategy enables Nigerians to acquire homes at affordable credit rates while optimizing government resources.
“By leveraging private sector investments, the federal government can redirect public funds previously earmarked for social housing toward other critical capital projects that drive national growth and development,” the statement explained.
Alignment With Economic Agenda
The forum emphasized that this initiative aligns with President Tinubu’s broader economic goals of:
- Fostering investment-friendly environment
- Promoting financial inclusion
- Accelerating infrastructural development
Call for Continued Collaboration
The group reiterated its confidence in the President’s strategic policies and called for sustained collaboration between:
- Government agencies
- Private sector stakeholders
- Financial institutions
This partnership aims to maintain momentum and expand affordable housing opportunities for more Nigerians.
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