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N100bn MOFI Real Estate Fund, Testament to Tinubu’s Commitment to Affordable Housing – TSF

Isioma Ogochukwu by Isioma Ogochukwu
April 1, 2025
in Highlights, News, POLITICS, Top News
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*President Bola Tinubu

By Ogochukwu Isioma

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

The group’s commendation was contained in a statement signed by its Chairman, Ahmad Sajoh and Secretary, Afolabi Josiah, made available to journalists on Tuesday, in Abuja.

TSF described the milestone, achieved through private sector participation, as a significant step which underscores the pragmatic economic policies of the President Bola Tinubu’s administration.

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The statement read in part, “This achievement is part of MREIF’s broader N250 billion pilot fundraising initiative, aimed at facilitating accessible housing finance solutions for Nigerians.

“For us, the strong institutional investor confidence in the issuance, as reflected by its Aaa rating from Agusto & Co. and an AA rating from Global Credit Rating (GCR), reaffirms the credibility and effectiveness of the fund’s structure.

“The Tinubu administration’s approach to housing development goes beyond merely constructing houses; it prioritizes creating a sustainable financial ecosystem that allows 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 towards other critical capital projects that drive national growth and development.

“We acknowledge that this initiative aligns with President Tinubu’s broader economic agenda of fostering an enabling environment for investment, financial inclusion, and infrastructural development.

“We remain confident in the President’s strategic policies and reaffirm our unwavering support for his administration’s vision of economic transformation and national prosperity.

“The TSF recognizes this development as a clear indication of the administration’s commitment to improving the living standards of Nigerians through innovative financial mechanisms that support homeownership.”

The group, however, urged continued collaboration between the government, private sector, and financial institutions to sustain this momentum, ensuring that more Nigerians can benefit from affordable housing opportunities.

Tags: MREIFReal EstateTSF
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Isioma Ogochukwu

Isioma Ogochukwu

Ogochukwu Isioma is a Bachelor of Arts degree holder in Linguistics Studies from the University of Benin, and a Master's student in International Affairs and Diplomacy at the Amadu Bello University, Zaria. With over half a decade-long active journalism practice, Ogochukwu is the Founder and Publisher of popular education-focused online medium, CAMPUS GIST, and currently writes for METROWATCH. He can be reached via ogochukwuisioma@gmail.com.

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