The Ministry of Finance Incorporated (MOFI) has successfully secured N250 billion to address the housing finance gap in Nigeria. This funding includes a notable N100 billion issuance in the second series, which was fully subscribed by institutional investors, demonstrating strong confidence in the initiative.
The funds are to be directed towards efforts aimed at alleviating the housing shortage in Nigeria, where affordable housing remains a significant challenge. By securing this financial backing, MOFI aims to advance its efforts in bridging the existing gap in housing finance, ultimately facilitating greater access to homeownership for Nigerians.
This development marks a significant step forward in addressing the country’s ongoing housing issues, with potential positive implications for economic stability and growth within the Nigerian housing market.
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