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Nigerian Government Launches N250 Billion Fund for Affordable Housing and Economic Growth

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The Nigerian government has officially launched the N250 billion Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF).

The announcement was made on Thursday via a statement from the Federal Ministry of Finance’s official X account.

According to the government, the fund’s primary goal is to provide low-cost, long-term mortgage financing, particularly focusing on the housing and construction industries, which are vital sectors for job creation and economic development.

At the signing ceremony, the Honourable Minister of Finance, Mr. Wale Edun, stated the importance of the initiative in bridging the country’s significant housing finance gap.

He explained that the new fund would offer mortgages with terms of up to 25 years, a stark contrast to the short-term, high-interest loans typically provided by commercial banks.

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This longer repayment period is expected to make homeownership more accessible and affordable for Nigerians.

Edun also shared details about the fund’s structure, revealing that the first series, worth N150 billion, aims to attract substantial private-sector investment.

A second series, which will raise an additional N100 billion, will follow.

The initiative is closely aligned with President Bola Ahmed Tinubu’s vision to promote widespread homeownership, create jobs, and drive economic growth, particularly in the construction and real estate sectors.

Armstrong Takang, the Managing Director of MOFI, also spoke on the impact of the initiative, emphasizing that the MREIF will allow Nigerians to build generational wealth through sustainable homeownership.

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Catholics in Benue Pray and Ask God to Bring Peace and End the Killings

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Catholics across Benue State came together on Thursday in a heartfelt prayer walk, seeking God’s help for peace to return to the troubled region. The walk, which drew large crowds from different parishes, was marked by hymns, placards, and quiet reflection. Priests, religious groups, and lay faithful joined in solidarity as they moved through the streets.

They also prayed for the victims of the recent violence, including those killed in the attack on Yelwata, Guma Local Government Area, where many lives were lost. Those who took part in the procession spoke out about the rising insecurity and called for healing, unity, and a renewed sense of justice in the state.


 

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Tinubu’s Surprise Visit to Benue Sparks Outrage Over Political Rally Amid Mourning

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The recent surprise visit to Benue State by President Bola Tinubu has stirred many reactions from the public.

It was reported that some school children who were outside were urged to welcome the president under the rain.

It was also noted that what started as a simple welcome turned into a political rally for the President and the Governor of the state.

This gained many criticisms from the public, especially online, as they shared their thoughts on the visit and the welcome. Many highlighted the fact that it was meant to be a condolence visit and not a celebratory event.


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President Tinubu Arrives in Benue Amid Ongoing Violence and Public Outcry

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It has been reported that President Bola Tinubu just arrived to Benue State amid the violence attacks happening.

It can be recalled that the state recently through a massacre as 200 lives were lost due to the violence attacks by armed people.

No solutions has been addresses to what will happen in Benue state, till now. President Tinubu arrives to Benue state, the people now hope for a solution to be given and justice to be served.


 

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