N100bn Secured for Affordable Housing Project by Finance Ministry
In a significant development, the Ministry of Finance Incorporated (MOFI) has successfully secured N100 billion through the MOFI Real Estate Investment Fund (MREIF) to finance affordable housing projects across the country. This initiative aims to provide affordable housing solutions to Nigerians, addressing the nation's housing deficit. With this funding, MOFI is poised to make a positive impact on the real estate sector, promoting affordable housing and economic growth. The move is expected to boost the housing market, creating opportunities for low-income earners to own homes. Key players in the real estate industry are welcoming this development, citing its potential to stimulate economic activity and increase access to housing finance.
