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The MOFI Real Estate Investment Fund has disbursed more than N140 billion in mortgage financing to over 2,000 Nigerians across 27 states since launching its mortgage operations in April 2025. The expansion of long-term housing finance marks a significant development for Nigeria’s homeownership market, where high financing costs and limited access to affordable mortgages remain major barriers.
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MREIF Disburses N140bn in Mortgages to Over 2,000 Nigerians
The MOFI Real Estate Investment Fund (MREIF) has disbursed more than N140 billion in mortgage financing to over 2,000 Nigerians across 27 states since beginning mortgage operations in April 2025.
FG Begins 241-Unit Housing Project in Osun, Completes 300 in Abuja
The Federal Government has commenced construction of 241 housing units in Osogbo, Osun State, while the Federal Housing Authority (FHA) has completed 300 housing units in Bwari, Abuja, marking progress on two housing developments at different stages of delivery.
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IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms
The International Monetary Fund (IMF) has urged Nigeria to deepen fiscal, monetary and governance reforms to strengthen macroeconomic stability and support more inclusive economic growth, highlighting the need for stronger revenue mobilisation, improved public financial management, transparent fiscal reporting and more effective monetary policy.
20 Real Estate Scams Nigerian Property Buyers Must Avoid
Buying land or a home represents one of the largest financial commitments many Nigerians will make, but inadequate due diligence can expose buyers to fraud, disputed ownership and financial losses.
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Umahi Orders Hartland MD’s Arrest Over N14bn Road Project
Minister of Works David Umahi has ordered the arrest of the Managing Director of Hartland Civil Engineering Construction over the contractor’s failure to complete an 11-kilometre section of the Benin-Onitsha Expressway despite receiving up to N14 billion from the Federal Government.
Tinubu, Governors Target Lower Transport Fares Nationwide From October 1
President Bola Tinubu has announced plans by the Federal Government and state governors to reduce transportation costs nationwide from October 1, 2026, with compressed natural gas (CNG) and electric vehicles expected to play a central role in lowering the cost of public transport.
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