REDAN Seeks New Housing Finance Models

The Real Estate Developers Association of Nigeria (REDAN) has called for stronger blended finance structures to increase investment in Nigeria’s housing and infrastructure sectors.

REDAN President, Oba Akintoye Adeoye, made the call at the 2026 Africa Environmental, Social and Governance (ESG) Conference and Exhibition in Lagos.

John Saka, Executive Secretary and Business Development Specialist at REDAN’s national secretariat, disclosed this in a statement issued on Thursday in Abuja.

Adeoye said Nigeria’s housing and infrastructure needs require more than traditional sources of funding. He called for closer cooperation among government, developers, mortgage institutions, commercial banks and development finance institutions.

He also identified institutional investors and other sources of capital as important partners in expanding housing investment.

Blended Finance Could Support Housing Investment

Blended finance combines public, private and development-focused funds to reduce investment risks. It can also help attract private capital to projects that may face funding challenges under normal commercial terms.

Adeoye said this approach could help developers finance more housing projects while improving affordability for Nigerians.

He urged REDAN and the Mortgage Banking Association of Nigeria (MBAN) to promote financing models that support sustainable and affordable housing.

According to him, stronger links between developers and financial institutions could create better conditions for long-term investment in the sector.

The issue is important because housing projects often require significant upfront capital. Developers also need access to financing that matches the long development periods of housing and infrastructure projects.

Better financing structures could therefore support projects that might struggle to secure funding through conventional commercial loans alone.

REDAN Pushes Green Innovation

Adeoye also urged real estate developers to adopt more green technologies and sustainable construction practices.

He said developers could improve efficiency and long-term value through energy-efficient buildings, renewable energy and sustainable construction materials.

He also highlighted water efficiency, waste management, climate-resilient infrastructure and smart technologies as areas with room for greater innovation.

Adeoye said developers should view sustainable real estate as an investment rather than simply an additional cost.

Energy-efficient buildings can reduce operating expenses over time. Sustainable materials and better resource management can also improve building performance and the experience of occupants.

For Nigeria’s housing industry, the shift towards sustainable development could also support buildings that are better prepared for environmental and climate-related pressures.

Governance Remains Critical

The REDAN president also stressed the need for stronger governance across the real estate sector.

He identified transparency, accountability, ethical business practices and responsible leadership as key elements of a credible property market.

Adeoye said good governance can strengthen consumer confidence and improve investor trust. It can also support access to finance and improve the credibility of real estate businesses.

Strong governance remains important to both developers and consumers. Clear business practices can help protect buyers while creating greater confidence among financial institutions and investors.

ESG Conference Focuses on Practical Solutions

The 2026 Africa ESG Conference and Exhibition focused on the theme, “ESG as a Competitive Advantage: Blended Finance, Green Innovation, and Governance for Nigeria’s Real Estate Future.”

REDAN and the Mortgage Banking Association of Nigeria jointly organised the conference. The Nigeria Mega Project Expo 2026 partnered with both organisations for the event.

The conference provided a platform for stakeholders to discuss how environmental, social and governance principles can influence Nigeria’s real estate sector.

Adeoye urged participants to move beyond discussions and focus on practical solutions and partnerships.

For Nigeria’s housing market, the discussion highlights the close link between finance, sustainability and good governance. Expanding access to suitable funding, encouraging efficient building practices and improving industry standards can help create stronger conditions for housing and infrastructure investment.

The wider significance lies in bringing developers, lenders, government agencies and investors closer together. Such cooperation can help the sector develop financing models and business practices that support a more sustainable and accessible real estate market.

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The Mortgage Banking Association of Nigeria (MBAN) has called on the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to translate its strong financial performance into increased mortgage lending and wider access to affordable housing finance.

The call followed MREIF’s half-year 2026 financial results, which showed a profit before tax of ₦14.49 billion and profit after tax of ₦14.24 billion. The fund also declared interim dividends and increased its net asset value per unit to ₦106.71.

MBAN President, Ayo Olowookere, commended the fund’s financial performance, describing it as evidence of sound financial management. However, he argued that profitability should be matched with greater deployment of capital into mortgage lending.

According to Olowookere, MREIF increased its mortgage portfolio by 86 per cent within six months, but a significant portion of its assets remained invested in cash and investment securities rather than mortgage loans. He noted that much of the fund’s income during the period came from interest earned on these investments.

He said the situation creates an opportunity for MREIF to accelerate the deployment of its resources towards its core development mandate, particularly the expansion of affordable mortgage finance.

MREIF was established as a public-private partnership intended to provide long-term, relatively low-cost mortgage financing while helping deepen Nigeria’s housing finance market.

Olowookere said the fund’s success should therefore not be assessed only through profitability, dividends or growth in assets. He argued that its wider impact should also be measured by the number of mortgages created, homes financed and households helped to achieve homeownership.

The MBAN president stressed that expanding mortgage lending would still require strong risk management. He identified credit assessment, legal documentation, property verification and reliable operational systems as important components of responsible mortgage lending.

He also called for stronger collaboration between MREIF and primary mortgage banks to improve transparency, execution and the overall impact of the fund.

Beyond financing, Olowookere said government reforms in land administration, property registration and foreclosure processes would be necessary to strengthen Nigeria’s housing finance ecosystem.

He assured MREIF that mortgage banks were prepared to support the fund by originating quality mortgage assets, improving underwriting standards, adopting technology and working with the institution to expand responsible mortgage lending nationwide.

The development highlights a central challenge facing Nigeria’s housing sector. Having capital available is not the same as having affordable mortgages reaching households that need them.

For MREIF, the next test may therefore be whether its strong balance sheet can translate into significantly more accessible housing finance and, ultimately, more homes financed for Nigerians.

The post MREIF Posts ₦14.49bn Profit as Mortgage Banks Demand More Housing Finance appeared first on Housing TV Africa.

The call was made at the African Environmental, Social and Governance (ESG) Conference and Exhibition held in Lagos, themed: “Sustainable Real Estate Value Chain: The Era of Green Initiative in Africa.” Organized by the Real Estate Developers Association of Nigeria (REDAN), the Mortgage Banking Association of Nigeria (MBAN), and the Nigeria-UK Real Estate Society, the event brought together stakeholders across public and private sectors, academia, and civil society.

Chairman of Lagos Building Investment Company (LBIC), Hakeem Ogunniran, in his keynote address, highlighted the urgent need to shift from linear development models to circular systems that prioritize material reuse, energy efficiency, and environmental responsibility.

“The real estate sector contributes about 42 percent of global carbon emissions. If we continue to build, use, demolish, and dump, we will only deepen the climate crisis,” Ogunniran said. “We must rethink how we design, build, and operate our spaces by integrating green principles at every stage.”

He advocated for developers and architects to incorporate sustainable features—such as natural ventilation, efficient orientation, and recyclable materials—even when client briefs do not request them. Though green construction may raise initial costs by up to 15 percent, Ogunniran noted that the long-term savings and resilience outweigh the upfront investments.

Lagos State Commissioner for Housing, Hon. Moruf Akinderu Fatai, represented by Mrs. Olufunke Fosudo, described the conference as timely, noting that the Sanwo-Olu-led administration has taken steps toward a greener future. These include the adoption of renewable energy sources, sustainable planning, and continued sponsorship of the Lagos Climate Change Summit.

“We need partnership-driven solutions to confront climate challenges,” Fatai said. “Lagos has set a model that other African cities can learn from in shaping environmentally responsible urban development.”

President of REDAN, Prince Akintoye Adeoye, warned that climate disruptions—ranging from erratic rainfall to desertification—are already impacting housing resilience. “ESG isn’t a Western buzzword; it’s a development imperative for Africa,” he said. “Real estate actors must take responsibility in designing and delivering climate-conscious projects.”

MBAN President, Ayo Olowookere, added that integrating ESG into Nigeria’s financial and housing sectors is key to building sustainable cities. “This platform allows us to align with international standards while addressing local realities. It’s about creating a future where housing is not only affordable and accessible but also environmentally sound.”

The forum concluded with a collective agreement on the need for policy support, public-private partnerships, and investor education to scale green infrastructure and mainstream sustainability across Nigeria’s real estate value chain.

The post Experts Advocate Climate-Smart, Energy-Efficient Buildings at ESG Conference in Lagos appeared first on Housing TV Africa.

The Mortgage Banking Association of Nigeria (MBAN) emphasized collaboration among stakeholders to enhance the mortgage sector’s growth and economic impact.

MBAN’s newly elected President, Ayo Olowookere, made this call during the Biennial General Meeting in Lagos, where he was elected.

Other elected executives include Arinze Adigwe, Managing Director of Homebase Mortgage Bank, as Vice President, alongside Deputy President (East), Ime Okon.

Additional executives include Abbey Mortgage Bank’s Managing Director, Bolaji Adewunmi, LivingTrust Mortgage Bank’s Managing Director, Olumide Adedeji, and Legal Adviser, Joan Adenuga.

Immediate past President, Mac-Yoroki, Managing Director of Citycode Mortgage Bank, was also appointed as an Ex-officio member in the association.

Before Imperial Homes, Olowookere led LivingTrust Mortgage Bank, started his career at KPMG, and transitioned into mortgage banking financial services.

He is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of Harvard Business School.

Olowookere pledged to revitalize the sector by strengthening advocacy, engaging mortgage banks, and enhancing collaboration with industry brokerage firms.

He assured members that MBAN will undergo restructuring to improve efficiency, encourage inclusivity, and create a more unified association.

The post MBAN Seeks Stakeholder Collaboration to Boost Mortgage Sector Growth in Nigeria appeared first on Housing TV Africa.

Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Olawale Edun last week announced the approval of MREIF, an initiative aimed at enhancing access to long-term and sustainable mortgage banking and housing finance, particularly for affordable housing. Its primary focus is providing low-cost mortgages to Nigerians, thereby addressing the pressing housing needs of low- and middle-income earners.

A statement jointly signed by Ebliate MAC-Yoroki and Adedeji Ajadi, the president and Executive Secretary/ CEO of MBAN respectively, indicates that the N250 billion MREIF Fund is structured to attract Private Sector and Capital Market long-term Investments from Pension Funds Operators and Life Insurance Companies which would be blended with low-cost Seed Funding provided by the Government.

“MBAN, therefore, encourages all Nigerians to seize this golden opportunity to have access to affordable mortgages, fulfill their dreams of homeownership, and contribute to narrowing the housing gap. The MBAN member Mortgage Banks and Mortgage Brokerage Companies are poised to facilitate this process, ensuring that the benefits of this transformative Fund reach those who need it most.

The strategic intervention by the Federal Executive Council (FEC), under the leadership of His Excellency, President Bola Ahmed Tinubu, demonstrates a firm commitment to addressing the huge housing deficit and revitalizing the Mortgage Banking Sub-Sector in Nigeria.

This innovative financing model would act as a catalyst in the provision of mortgages at interest rates hovering around the Single Digit, with Repayment Tenor up to 20 years, thereby offering much-needed relief to Prospective Homeowners currently burdened by high interest rates and affordability issues.

The initiative also aligns seamlessly with the Federal Government’s strategic objective of reducing Nigeria’s substantial housing deficit. It is expected to catalyze economic growth and drive job creation across the mortgage banking sector and the broader real estate and housing construction. value chain.

This development underscores the importance of public-private collaboration in addressing critical national challenges, such as affordable housing. MBAN remains committed to working closely with the Federal Government and Other Stakeholders to achieve sustainable housing solutions for Nigerians.

The post MBAN Applauds FG’s N250 Billion Mortgage Initiative for Affordable Housing appeared first on Housing TV Africa.

In a signed statement released by the executive secretary of MBAN, Kayode Omotosho, he stated that the event will hold from 1st – 3rd of December at the Transcorp Hilton Hotel, Abuja.

The event will also feature various sessions that foster better interactions, capacity building, networking among the CEOs’ of Mortgage Banks and Stakeholders in Nigeria. Also worthy of note is the distinguished guest of honor for the event – the Minister for Housing and Urban Development, Arc. Ahmed Musa Dangiwa, who will declare the event open.

READ ALSO: MBAN gets new Executive Secretary

The Mortgage Banking Association of Nigeria (MBAN) is the Umbrella body for all Mortgage Banks licensed by the Central Bank of Nigeria to engage in Mortgage Business in Nigeria. Its main focus is to ensure the access to mortgage finance for provision of affordable housing through effective advocacy for improved legal/regulatory/operating environments for home-ownership finance in Nigeria.

READ ALSO: The Type of Housing Sector Reforms Nigeria Needs – Former MBAN President

MBAN was incorporated on August 06 1992 under the Companies and Allied Matters Act (CAMA) and is recognised by the Central Bank of Nigeria (CBN); Nigeria Deposit Insurance Corporation (NDIC) and Capital Market Agencies such as Securities Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) as the Self-Regulatory Organization (SRO) and Catalyst for development of the Mortgage Banking/Housing Finance Sector in Nigeria.

Other Notable guests expected at the event are Senator Aminu Tambuwal; chairman Senate committee on Housing, Hon. Aminu Baleke Kurfi; Chairman, House Committee on Housing and Habitat, Aisha Dahir-Umar; Director-general PENCOM, among others.

The post Mortgage Banking Association Of Nigeria (MBAN) Set to hold 20th Edition of CEOs’ Retreat appeared first on Housing TV Africa.