csrreporters 
The Federal Government, through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), has rolled out new, more affordable mortgage terms to help more Nigerians become homeowners.
Under the revised policy, the minimum down payment for an MREIF mortgage has been slashed from 20% to just 10%, while the interest rate remains fixed at a competitive 9.75% per annum.
Managed by ARM Investment Managers, the MREIF scheme aims to tackle the financial hurdles that keep many aspiring buyers from entering the housing market. By lowering the entry barrier, MREIF and its network of financial partners are opening the door to a more inclusive and accessible path to homeownership.
“Our role as fund managers is to ensure MREIF remains a credible platform for lasting impact,” said ARM Group CEO, Wale Odutola. “Reducing the down payment alongside maintaining an affordable interest rate is a deliberate move to empower more Nigerians. This is the power of a public-private partnership delivering real solutions for economic progress.”
The initiative is expected to fast-track the shift from renting to owning, providing long-term security and financial stability for countless families. In addition, beneficiaries can fund their down payments using their pension accounts (RSA), further removing barriers to participation.