The Africa International Housing Show (AIHS) has announced a strategic partnership with the Ministry of Finance Incorporated (MOFI) to promote stakeholders’ engagement and enlightenment on its interventions.

This initiative aims to bring MOFI’s activities to the forefront and educate Nigerians about its contributions to the housing sector. MOFI will bring in top housing finance practitioners to share insights into its ongoing efforts and strategic direction in alignment with global best practices.

The discussions will also offer valuable perspectives on how the institution is prepared to transform Nigeria’s housing sector through structured financing, sustainable development, and innovative investment models.

MOFI has set an ambitious target to raise N1 trillion to support the development of affordable housing in Nigeria. The first phase, amounting to N250 billion, has already been raised and fully subscribed, demonstrating strong investor confidence in the initiative.

This fund is expected to provide significant financial backing for affordable housing projects, thereby reducing Nigeria’s housing deficit and making homeownership more accessible to low- and middle-income earners.

The session during this year’s exhibition will complement the efforts of other key stakeholders such as the Family Homes Funds Limited (FHFL), the Federal Mortgage Bank of Nigeria (FMBN), the Federal Housing Authority (FHA), and the Nigeria Mortgage Refinance Company (NMRC), all of which play a pivotal role in Nigeria’s housing finance ecosystem.

By working in synergy with other agencies, MOFI seeks to strengthen the overall housing finance framework and accelerate the delivery of affordable housing to Nigerians.

According to the Convener, AIHS, Mr Festus Adebayo, MOFI will engage directly with real estate developers, investors, and off-takers, showcasing opportunities for collaboration and investment.

“The event will serve as a platform for MOFI to extend its flagship initiatives and demonstrate how it can work with key stakeholders, including FMBN, FHFL, NMRC, FHA, and other agencies, to drive sustainable housing development in Nigeria.

“This partnership with MOFI underscores a shared commitment to addressing Nigeria’s housing challenges and fostering economic growth through sustainable real estate development,” Adebayo added.