On Monday afternoon, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, chaired a strategic meeting at the Finance Ministry headquarters to discuss the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). The fund is a key element of the One Million Homes Presidential Initiative, aimed at expanding access to affordable mortgage financing for eligible Nigerians.
In his opening remarks, Mr. Edun emphasized the transformative potential of the MREIF to provide cost-effective mortgage solutions, particularly for pension account holders. He stressed that the meeting was crucial for fostering an open dialogue among key stakeholders, encouraging the exchange of ideas to ensure the initiative’s success.
Dr. Armstrong UME Takang, CEO of the Ministry of Finance Incorporated, further elaborated on the initiative, stating that the MREIF is structured to be market-driven while complying with all regulatory frameworks.
The meeting gathered prominent leaders from the pension and financial sectors, including:
- Dr. Oluwatoyin Maiden, Accountant General of the Federation
- Wale Odutola, ARM Pensions
- Funmi Ekundayo, CEO of 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
- Emmanuel Thomas, Executive Director, NUPEMCO
- Oluwakemi Ugwu, MD/CEO, NUPEMCO
- Christopher Bajowa, MD/CEO, Access Pensions
The MREIF initiative is expected to play a pivotal role in achieving the government’s goal of delivering one million affordable homes while stimulating economic growth through real estate investment. The participants pledged to continue their collaboration to ensure the initiative’s successful implementation.
