FG Moves to Provide Low-Cost Mortgage Options for Nigerians
In a significant step towards making home ownership a reality for millions of Nigerians, Finance Minister Wale Edun has convened a high-level meeting to discuss the launch of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF).
The fund aims to provide low-cost mortgage financing options for eligible Nigerians, marking a major milestone in the One Million Homes Presidential Initiative.
The meeting brought together prominent leaders from the pension and financial sectors to exchange ideas and contribute to the initiative’s success.
The MREIF is designed to be market-driven while adhering to regulatory standards, providing cost-effective mortgage options for pension account holders.
With the alignment of key stakeholders and a clear vision in place, the MREIF is poised to unlock unprecedented opportunities for Nigerians to own their homes.
The Ministry of Finance remains dedicated to ensuring the success of the initiative, paving the way for a brighter future for generations to come.