Tinubu commits to affordable housing with N100bn MOFI real estate fund – TSF
The Tinubu Stakeholders Forum (TSF) has celebrated the successful raising of N100 billion by the MOFI Real Estate Investment Fund (MREIF) through its fully subscribed Series 2 issuance.
In a statement signed by its Chairman, Ahmad Sajoh, and Secretary, Afolabi Josiah, the forum described this achievement as a notable milestone accomplished through the involvement of the private sector.
They further emphasized that this fund represents a significant advancement, highlighting the pragmatic economic policies of President Bola Tinubu’s administration.
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“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 prioritises 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 optimising resources while ensuring that public funds previously earmarked for social housing can now be redirected toward 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.”
The forum expressed its strong confidence in the President’s economic policies and pledged its continued, unwavering support for the administration’s vision of economic transformation and national prosperity.
