In a significant boost to Nigeria’s housing sector, the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) disbursed N27.01 billion in the second quarter to support 415 new homebuyers across the country.
The quarter’s disbursements bring total funding under the initiative to N131.67 billion, enabling over 1,909 families to secure mortgages.
As the Federal Government accelerates efforts to tackle the nation’s severe housing deficit, MREIF’s expanded outreach signals growing momentum in making long-term, single-digit mortgage financing a reality for everyday Nigerians.
At the Nigerian Exchange Limited (NGX), ARM Investment Managers Limited, the fund managers of MREIF released the investor report for the second quarter (Q2) of 2026.
MREIF commenced operations on March 17, 2025, following the full subscription and SEC clearance of the basis of allotment for its N100 billion Series 2 issuance.
The MREIF is a N1trillion shelf programme structured as a closed-end real estate investment fund and established under a unit trust scheme in accordance with the rules and regulations of the Securities and Exchange Commission (SEC). The Fund is domiciled in Nigeria and denominated in Naira.
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The Fund aims to achieve its investment objectives by mobilising concessionary capital from the public sector alongside commercial funding from the private sector to address Nigeria’s housing deficit.
The report shows that during Q2, MREIF onboarded two additional Eligible Financial Institutions (EFIs), increasing the total number of participating institutions to 22, comprising 11 commercial banks and 11 mortgage banks.
Through MREIF, long-term, low-interest financing is provided to Eligible Financial Institutions (EFIs), enabling them to offer single-digit interest rate mortgages to Eligible Homebuyers.
The Fund also provides conditional offtake guarantees to qualified developers, serving as a credit enhancement mechanism to support the raising of construction finance for residential housing projects.
The report shows that geographical distribution also expanded over the period “underscored by increased uptake in the North-West and South-East regions. Consequently, geographical coverage stands at 27 states across the 6 geopolitical regions”.
“Three offtake guarantee transactions were active during the period, with a total value of N9 billion to support the delivery of 475 housing units across Lagos and Abuja.
In addition, the Fund secured Investment Committee (IC) approval for three offtake guarantee transactions valued at N7 billion, which are expected to facilitate the delivery of an additional 576 housing units,” the report stated.
