The Tinubu Stakeholders Forum (TSF) has commended the successful N100 billion capital raise by the MOFI Real Estate Investment Fund (MREIF) through its fully subscribed Series 2 issuance.

In a statement signed by Chairman Ahmad Sajoh and Secretary Afolabi Josiah, the forum described this milestone as a significant achievement driven by private sector participation, further cementing President Bola Tinubu’s pragmatic economic policies.

A Major Milestone for Nigeria’s Housing Sector

“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.

The strong confidence of institutional investors in the issuance, reflected in its AAA rating from Agusto & Co. and an AA rating from Global Credit Rating (GCR), underscores the credibility and effectiveness of the fund’s structure.

A Strategic Approach to Affordable Housing

The TSF emphasized that President Tinubu’s housing development strategy extends far beyond the mere construction of houses. Instead, the administration is actively fostering a sustainable financial ecosystem, enabling Nigerians to acquire homes at affordable credit rates.

“By leveraging private sector investments, the federal government is strategically optimizing resources while ensuring that public funds previously earmarked for social housing can now be redirected toward other critical capital projects that drive national growth and development,” the forum stated.

This approach, the group noted, aligns seamlessly with President Tinubu’s broader economic agenda, which prioritizes investment, financial inclusion, and infrastructural development as key drivers of national prosperity.

Private Sector Confidence and National Growth

The forum reiterated its strong confidence in the President’s strategic policies, describing them as instrumental in unlocking new investment opportunities across Nigeria’s housing sector.

“This milestone demonstrates the federal government’s ability to mobilize capital in a way that fosters sustainable development while reducing dependence on public funds,” the TSF emphasized.

The group further urged continued collaboration between the government, private sector, and financial institutions to sustain the current momentum. Ensuring that more Nigerians benefit from affordable housing remains a top priority, and sustained investment will be key to achieving this goal.

Key Takeaways

• MREIF successfully raised N100 billion through its Series 2 issuance, marking a major step in affordable housing financing.
• This is part of a larger N250 billion pilot initiative aimed at easing housing finance accessibility for Nigerians.
• Strong investor confidence, backed by AAA and AA credit ratings, underscores the fund’s credibility.
• President Tinubu’s administration prioritizes private sector-driven housing solutions, reducing reliance on public funds.
• The initiative aligns with the government’s broader economic policies, promoting financial inclusion, investment, and infrastructure development.
• TSF calls for continued public-private collaboration to maintain momentum in Nigeria’s affordable housing sector.

With N100 billion already secured, is Nigeria on the brink of a housing finance revolution? The momentum is undeniable!