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N100b private sector cash for real estate
N100b private sector cash for real estate
Apparently to widen access to affordable housing for Nigerians, the Federal Government yesterday announced the launch of a N100 billion private sector-driven real estate financing scheme.
This initiative is part of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) and represents the second phase of funding under the programme.
MREIF aims to raise N1 trillion to support Nigeria’s housing sector, providing long-term, low-cost mortgage financing for homeownership.
The latest funding – Series 2 – is private sector-driven, allowing businesses and investors to contribute to the development of housing across the country.
One of the key benefits of the financing scheme is the provision of affordable mortgage loans with repayment periods of up to 25 years and interest rates set at 11-12 percent – significantly lower than the rates offered by commercial banks.
This is made possible through a blended finance structure, where public funding, sourced at one per cent, is combined with private sector investments to reduce borrowing costs.
MOFI is leading efforts to attract key private sector players, such as asset managers, financial advisers and issuing houses to raise the N100 billion from the capital market.
This second phase builds on the success of Series 1, which raised N150 billion, bringing the total funding secured so far to N250 billion.
Minister of Finance and Coordinating Minister of the Economy Wale Edun, stressed the importance of private sector involvement in boosting the housing sector.
Mr. Edun said: “The successful completion of Series 1 shows the government’s dedication to making homeownership accessible.
Now, with Series 2, we are inviting private investors to be part of this journey, creating jobs, improving infrastructure, and strengthening the economy.”
MOFI’s Managing Director/Chief Executive Officer (MD/CEO), Dr. Armstrong Takang, described Series 2 is a major step toward unlocking private capital for the housing market.
“By using blended finance, we are establishing a sustainable system for affordable homeownership that will benefit all Nigerians,” he said.
The Chairman of MOFI Board, Dr. Shamsudeen Usman, described MREIF as a landmark achievement in Nigeria’s housing sector.
“The Renewed Hope Agenda is focused on delivering sustainable homeownership opportunities for Nigerians, and MREIF is a major driver of this vision,” he said.
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Adron Homes Hosts First-Ever Golf Tournament, Celebrates Excellence and Sportsmanship
Adron Homes set the stage for a remarkable sporting experience by hosting the Adron Cup Golf Tournament, bringing together golf enthusiasts, industry professionals, and distinguished guests for a day dedicated to excellence, competition, and camaraderie.
The tournament was officially declared open by the Chairman of Adron Group, Aare Adetola Emmanuelking, who earlier this year received the first-ever Nigeria’s Noble Golfer Award, reflecting his growing influence and passion for the game of golf. In a moment that drew applause across the course, he performed the ceremonial tee-off, symbolically setting the tournament in motion.
Following the opening, the Chairman embarked on a tour of the golf course, delighting participants and spectators alike. He played several holes, showing his enthusiasm for the game, while also taking time to engage, encourage, and cheer on the competing golfers.
Players described the experience as inspiring, noting that the Chairman’s presence elevated the spirit of the competition and reinforced the values of sportsmanship and unity that the tournament represents.
As the tournament concluded, Mr. Sunday Aderibigbe, representing the Chairman of Adron Homes, officiated the presentation of awards and the official unveiling ceremony. His presence added prestige to the event and affirmed the company’s continued commitment to celebrating excellence within the golfing community.
The inaugural Adron Cup Golf Tournament marks the beginning of what promises to be a premier sporting event in the region, reflecting Adron Group’s commitment not only to excellence in real estate but also to promoting recreation, community engagement, and healthy living through sport.
The event concluded with commendations for the organizers and enthusiastic feedback from participants, leaving a lasting impression on all who attended.
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Adron Homes Chairman Commends Oyo State’s Real Estate Reforms, Urges Policy Continuity
The Chairman and Chief Executive Officer of Adron Group, Aare Adetola Emmanuelking, KOF, has commended the Oyo State Government for its bold reforms in the real estate sector, describing the state as a land of “history, enterprise, and endless possibilities.”
Aare Adetola remarked while delivering a goodwill message titled “The Real Estate Called Oyo State” at the 2025 Oyo State Real Estate Conference, held in Ibadan.
The event, themed “Real Estate and Economic Development in Oyo State: Strategies for Success,” brought together top real estate developers, government officials, and investors to discuss strategies for improving housing delivery and driving economic growth in the state.
Organised by the Office of the Special Adviser to the Governor on Housing and Urban Development in collaboration with the Real Estate Developers Association of Nigeria (REDAN), the conference highlighted the need for policy stability, public-private partnerships, and innovation in real estate development.
In his address, the Speaker of the Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin, reaffirmed the government’s commitment to transparency and investor confidence through the digitalisation of land records (OYOGIS), improved urban planning, and major infrastructure upgrades across the state.
He also cited the passage of the Oyo State Land Control and Administration Bill, 2023, and the establishment of the Anti-Land Grabbing Task Force as key reforms curbing land disputes and promoting sustainable property ownership. Ogundoyin praised major developers such as Adron Homes and MKH Properties for their role in boosting investor trust in the Oyo property market.
In his goodwill message, Aare Adetola Emmanuelking applauded the administration of Governor Seyi Makinde, FNSE, for maintaining consistency in land policies and governance structures, which he said had continued to attract serious investors to Oyo State.
He recalled that Adron Homes made its foray into Ibadan nearly a decade ago based on the state’s stable policy environment, a decision that has since yielded impressive results. He, however, urged the state government and future administrations to ensure policy continuity, warning that inconsistency could derail the progress already achieved.
The conference ended with a collective resolve by stakeholders to deepen collaboration between the public and private sectors, strengthen regulatory transparency, and create a business environment that will make Oyo State a model for real estate investment in Nigeria.
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