The Ministry of Finance Incorporated (MOFI) has unveiled a N100 billion real estate fund aimed at addressing Nigeria’s housing deficit and boosting infrastructure development. The initiative seeks to provide affordable housing solutions while attracting private sector investment into the real estate market.
According to MOFI, the fund will be used to finance large-scale housing projects, particularly in urban centers where demand for affordable housing remains high. The initiative aligns with the government’s broader strategy to bridge the housing gap, estimated at over 20 million units, and improve living conditions for Nigerians.
MOFI’s Managing Director emphasized that the real estate fund will leverage both public and private sector partnerships to drive large-scale developments. Investors are expected to play a key role in financing and executing housing projects, with a focus on delivering quality and cost-effective solutions.
The fund is also designed to support mortgage financing, making homeownership more accessible for low- and middle-income earners. By injecting substantial capital into the sector, MOFI hopes to stimulate job creation, boost economic growth, and enhance infrastructure in key cities.
Industry experts have welcomed the move, noting that increased funding and private sector involvement are crucial to solving Nigeria’s housing crisis. As the real estate fund rolls out, stakeholders will be watching closely to see how effectively it translates into tangible housing solutions for Nigerians.
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