Olaniwun Ajayi LP is proud to announce its role as legal adviser to the Ministry of Finance Incorporated (MOFI) on the establishment of the NGN1 trillion Ministry of Finance Incorporated Real Estate Investment Fund (MREIF/Fund) and the launch of the NGN150 billion Series 1 Offering under the MRIEF programme.
Aligned with the Federal Government of Nigeria’s Renewed Hope Housing Programme, which aims to deliver annually, one million housing units to Nigerians across the country, the M-REIF is an innovative solution of MOFI as the sponsor of the Fund, designed to address the housing challenges in Nigeria and spur growth in the Nigerian economy. The M-REIF is a close-ended real estate investment fund established with the primary objective of providing affordable financing for long-term real estate mortgages at scale to Nigerians, while delivering competitive risk-adjusted returns to its investors.
As a Firm, we are indeed pleased to have been at the heart of the conception, structuring and execution of this transaction which again underscores our commitment to consistently pushing the envelope on market-defining transactions aimed at shaping the Nigerian economy.