Nigeria, Feb. 11 -- The Ministry of Finance Incorporated (MOFI) has launched a N100 billion subscription under its Real Estate Investment Fund (MREIF), marking the second phase of an initiative aimed at expanding affordable housing finance in Nigeria.

This was disclosed on Monday in a statement by the Managing Director and Chief Executive of MOFI, Armstrong Takang.

According to the statement, the latest issuance follows the N150 billion Series 1 subscription, which was fully funded by MOFI as the sponsor and anchor investor.

The Series 2 offering is designed to attract private sector participation, increasing total funds raised under MREIF to N250 billion.

It said the initiative aligns with the government's broader economic strategy, ...