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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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Oluremi Tinubu Urges Nigerians to Donate Blood and Save Lives

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As the world celebrates Blood Donor Day, Nigeria’s First Lady, Oluremi Tinubu, has called on citizens to donate blood and help save lives. Speaking on the 2025 theme, Give blood, Give hope: together we save lives, she said it reflects the powerful message that each donation brings hope to those in urgent need.

World Blood Donor Day was launched by the World Health Organization in 2004 to raise awareness about the importance of safe blood, encourage voluntary donations, and honour those who donate without expecting anything in return.

Marking the day in Abuja, the First Lady participated in the City Marathon Walk from Millennium Park to Eagle Square. She was represented by Hajiya Nana Shettima, wife of the Vice President, who echoed the First Lady’s appeal for more Nigerians to become regular, safe blood donors.


 

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Fubara Says He Will Defend Democracy and Urges Rivers People to Stay United

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Suspended Rivers State Governor, Siminalayi Fubara, has restated his firm commitment to the rule of law, human rights, and inclusive governance for everyone, no matter their political background. In a message shared on Democracy Day, Fubara said his government remains focused on protecting lives and property while promoting fairness, transparency, and accountability in leadership.

He promised to keep standing for the people of Rivers State and to lead with honesty and openness. Reflecting on 26 years of uninterrupted democracy in Nigeria, the governor called for unity and cooperation across party lines to build a society where every voice counts and every person can contribute meaningfully.

Speaking on the political unrest in Rivers, including his suspension and that of other elected officials, Fubara said these events highlight how fragile democracy can be and why it must be protected at all costs. In a statement released by his Chief Press Secretary, Nelson Chukwudi, Fubara acknowledged both the wins and the setbacks in the state’s democratic journey, noting that staying committed to democratic values is more important than ever.

He pointed to his administration’s continued efforts to promote fairness, civil rights, and strong institutions, saying inclusion and openness remain at the heart of everything they do. Despite recent challenges, the governor expressed strong belief in the resilience of Rivers people, urging everyone to stay united and focused. He said the future of the state depends on working together, embracing new ideas, and holding onto shared goals.

Fubara also honoured past leaders who helped shape the country’s democracy, urging citizens to keep their legacy alive by defending the values they stood for. He ended by encouraging the people of Rivers State to stay patriotic, committed, and hopeful, confident that together, the state will come out stronger and more united.

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Nigerians Protest in Lagos on Democracy Day Due of Hardship

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During the 2025 Democracy Day celebration, many Nigerians took to the streets of Lagos to express their frustration over the economic struggles under President Bola Tinubu’s government. The protest, which began at the Ikeja Underbridge, saw citizens calling for a reversal of several government policies they believe are worsening their situation.

Despite a strong security presence, the demonstrators held up signs with messages like “Reverse Electricity Tariff Hike” and “No one deserves a death sentence for protesting against hunger.”

Lagos State Police PRO, Benjamin Hundeyin, acknowledged the protest and assured the public that everything is under control. He said there’s enough security in place for both those celebrating and those protesting, adding that the safety of everyone remains a top priority.


 

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