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The federal government through the Ministry of Finance Incorporated (MOFI), has fully subscribed to the Series 1 issuance of N150 billion for the Real Estate Investment Fund (MREIF), designed to address the nation’s housing deficit and stimulate economic activity in the real estate and construction sectors.

In a statement over the weekend, MOFI noted that the full subscription to the Series 1 Fund underscores the government’s pivotal role as the sponsor while empowering the private sector to lead the implementation and management of the initiative.

https://dailytrust.com/fg-subscribes-to-n150bn-real-estate-investment-fund/