MREIF disburses over N140 billion in mortgages to 2,000 Nigerians
The MOFI Real Estate Investment Fund (MREIF) has disbursed more than N140 billion in mortgage financing to over 2,000 Nigerians since commencing operations in March 2025, as the Federal Government-backed housing initiative gains traction across the country. The post MREIF disburses over N140 billion in mortgages to 2,000 Nigerians appeared first on Nairametrics .
The MREIF (MOFI Real Estate Investment Fund) has disbursed over N140 billion in mortgage financing to more than 2,000 Nigerians since its inception in March 2025, as part of the Federal Government-backed housing initiative. Head of Real Estate Investment at ARM Investment Managers, Olubiyi Adekunbi, disclosed this information during a webinar hosted by FirstBank.
MREIF, a N1 trillion housing finance initiative, aims to address Nigeria's housing deficit through affordable, long-term mortgage financing. The fund, which began mortgage disbursements in April 2025, has recorded over 2,000 beneficiaries by August 2026. With mortgages available up to N100 million and repayment tenors extending to 20 years, MREIF is available to Nigerians across 27 states in the country's six geopolitical zones, as well as Nigerians in the diaspora who meet the eligibility criteria.
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