By Dele Ogbodo
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has convened a high-level meeting to discuss the launch of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), even as this is a concerted effort geared towards making home ownership a reality for millions of Nigerians.
This innovative initiative aims to provide low-cost mortgage financing options for eligible Nigerians, marking a major milestone in the One Million Homes Presidential Initiative.
The Minister, in his opening remarks emphasized the potential of the fund to provide cost-effective mortgage options for a large segment of pension account holders.
He underscored the significance of the meeting as an opportunity for open dialogue, enabling key stakeholders to exchange ideas and contribute to the initiative’s success.
The CEO of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Ume, further elaborated on the initiative, noting that the MREIF is designed to be market-driven while adhering to all regulatory standards.
The meeting brought together prominent leaders from the pension and financial sectors, including: Dr. Oluwatoyin Maiden, Accountant General of the Federation, Wale Odutola, ARM Pensions, Funmi Ekundayo, CEO, STC Trustees, Sani Yakubu, Co-Coordinator, MREIF, Temitayo Ajayi, Vetiva Advisory, Saadu Jijji, MD, PAL Pensions, Tony Odutola, DCIO, FCMB Pensions LTD, Nuhu Modibbo, Executive Director, Access Pensions, Victor Bisong, MD/CEO, Trustfund, 10.Emmanuel Thomas, Executive Director, NUPEMCO, Oluwakemi Ugwu, MD/CEO, NUPEMCO and Christopher Bajowa, MD/CEO, Access Pensions.
Mr. Mohammed Manga, Director, Information and Public Relations, in the Ministry, in a statement said that as the fund takes shape, the Minister’s leadership and commitment to ensuring the realization of the Presidential initiatives on affordable housing for eligible Nigerians have set the stage for a transformative impact on Nigeria’s housing market especially 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 reiterates its commitments to ensuring its success, paving the way for a brighter future for generations to come.