The Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) is finalising plans to launch a non-interest housing fund as part of efforts to deepen financial inclusion and expand access to affordable housing finance in Nigeria.
The disclosure was made by Mujahid Usman, Senior Financial Analyst at MREIF, during a panel session at the BusinessDay Abuja Real Estate Conference 2026, themed “From Policy to Projects: Mobilising Capital for Sustainable Real Estate Development.”
Usman said the proposed non-interest fund is currently awaiting final approval from the Minister’s Office and is designed to ensure that more Nigerians, particularly those seeking Shariah-compliant financing options, can access homeownership opportunities.
“We are planning a non-interest fund that is almost ready. We are only waiting for final approval from the minister’s office,” he said.
He stressed that beyond introducing new financing products, Nigeria must develop credible investment structures capable of attracting long-term
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