In its push to spread the gospel of low-rate mortgage for affordable housing which is the hallmark of the Ministry of Finance Integrated (MOFI) Real Estate Investment Fund (MREIF), the ministry has entered into a strategic partnership with Africa International Housing Show (AIHS).
MREIF is an affordable mortgage initiative that promises 12 percent interest rate with 20 years repayment tenor. It is aimed to address problems of housing finance at both demand and supply side, meaning that both home buyers and developers are targeted by the fund.
AIHS is an annual housing conference and exhibition hosted by Housing Development Advocacy Network (HDAN)—a frontline advocate for affordable housing, founded by Festus Adebayo.
The partnership will afford MOFI opportunity to host one-day stakeholders’ engagement and enlightenment programme on MREIF at the 19th edition of AIHS scheduled for July 27 to August 1, 2025.
Adebayo in a statement in Lagos at the weekend explained that the partnership is also aimed to bring MOFI’s activities to the forefront and to educate Nigerians about its contributions to the housing sector.
It is expected that MOFI will bring together seasoned speakers and industry experts to highlight its housing intervention programmes. It is also expected that the session will complement the efforts of other key stakeholders such as the Family Homes Funds Limited (FHFL), the Federal Mortgage Bank of Nigeria (FMBN), the Federal Housing Authority (FHA), and the Nigeria Mortgage Refinance Company (NMRC), each of which plays a pivotal role in Nigeria’s housing finance ecosystem.
“MOFI has set an ambitious target to raise N1 trillion to support the development of affordable housing in Nigeria. The first phase, amounting to N250 billion, has already been raised and fully subscribed, demonstrating strong investor-confidence in the initiative,” Adebayo noted.
He said that the fund is expected to provide significant financial backing for affordable housing projects, thereby reducing Nigeria’s housing deficit and making homeownership more accessible to low- and middle-income earners.
“At AIHS 2025, MOFI will bring in top housing finance practitioners to share insights on its ongoing efforts and strategic direction in alignment with global best practices. These discussions will offer valuable perspectives on how the institution is prepared to transform Nigeria’s housing sector through structured financing, sustainable development, and innovative investment models.
By working in synergy with other agencies, MOFI seeks to strengthen the overall housing finance framework and accelerate the delivery of affordable housing to Nigerians,” Adebayo said.
It is hoped that during its session at AIHS 2025, MOFI will engage directly with real estate developers, investors, and off-takers, showcasing opportunities for collaboration and investment. The event will serve as a platform for MOFI to extend its flagship initiatives and demonstrate how it can work with key stakeholders, including FMBN, FHFL, NMRC, FHA, and other agencies, to drive sustainable housing development in Nigeria.
With AIHS being Africa’s largest and most influential housing and construction event, the partnership with MOFI underscores a shared commitment to addressing Nigeria’s housing challenges and fostering economic growth through sustainable real estate development.
Adebayo assured that AIHS 2025 will be a landmark event that will set new benchmarks for housing finance, innovation, and policy advocacy in Africa and beyond.
