Infinity Trust Secures N5bn from  MREIF to Expand Mortgages

Infinity Trust Mortgage Bank Plc (ITMB) has secured a N5bn facility from the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to boost access to affordable housing across Nigeria.

The Federal Government-backed initiative, administered by ARM Investment Managers, is designed to improve mortgage availability for low- and middle-income earners and aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The bank will use the funds to expand its mortgage offerings, provide lower interest rates, and streamline the path to homeownership for more Nigerians.

In a statement on Wednesday, Mrs. Ngozi Chukwu, Acting Managing Director/CEO of ITMB said, “This N5bn boost is more than just financing—it is a major step toward transforming the housing sector and ensuring more Nigerians can secure affordable homes under favorable terms. Our focus remains on making homeownership accessible, especially to those in the low- and middle-income brackets.”

As one of the first mortgage banks to access the MREIF fund, ITMB is poised to introduce competitive products tailored to first-time buyers and underserved populations. The initiative supports the government’s broader efforts to close Nigeria’s housing gap through targeted financial intervention.

“We are honored to be among the first mortgage banks to access the MREIF fund. Infinity Trust Mortgage Bank is committed to more than just financing—we are building communities, securing futures, and creating pathways to homeownership,” she said.

With over 20 years of experience in the mortgage sector, ITMB plans to offer flexible repayment plans and wider access to sustainable housing finance.

The MREIF facility aims to channel essential capital to key institutions to stimulate real estate investment and make homeownership a reality for millions of Nigerians.

“This collaboration between ITMB, the MREIF, and the Federal Government underscores the bank’s leadership in mortgage financing and its unwavering dedication to empowering Nigerians through strategic housing initiatives,” ITMB said.