The MOFI Real Estate Investment Fund (MREIF) has been honoured with the prestigious Innovative FG Mortgage Intervention Award at the Best of AIHS 2025 Dinner & Awards, held at Rockview Royale Hotel, Abuja.
The award, presented as part of the grand finale of the 19th Africa International Housing Show (AIHS), celebrates MREIF’s groundbreaking approach to tackling Nigeria’s housing deficit through market-driven, investor-backed financing solutions.
Reacting to this, Dr. Armstrong Takang, Managing Director and Chief Executive Officer of the Ministry of Finance Incorporated (MOFI), described the recognition as a testament to the fund’s transformative role in Nigeria’s housing sector.
He noted that MREIF is structured as a market-aligned public-private partnership (PPP) with robust governance, professional management, and accountability making it a replicable model for housing finance innovation across Africa.
MREIF’s offerings include single-digit interest rates at 9.75%, flexible equity contributions, long repayment tenors, and offtake guarantees for developers, creating an enabling environment for both homebuyers and housing developers.
AIHS Convener, Festus Adebayo, praised MREIF as “a beacon of innovation in public housing finance,” adding that the award recognises not just the fund’s impact on the mortgage market but its potential to redefine how Africa approaches affordable housing delivery.
MREIF’s recognition underscores the increasing role of financial innovation in driving the continent’s housing transformation agenda.
The Best of AIHS 2025 Awards night capped a week-long housing event attended by governors, ministers, parliamentarians, real estate leaders, financiers, and investors from over 21 countries.
