Nigeria’s Ministry of Finance Incorporated (MOFI) has taken another bold step toward bridging the nation’s housing deficit with the official listing of its N1 trillion MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange Group (NGX). The landmark event, held in Lagos, drew senior government officials, capital market leaders, and private sector investors, highlighting a renewed national commitment to harnessing capital market mechanisms for inclusive economic development.
The listing represents the second series of the MREIF, featuring one billion units priced at N100 each. It is designed as a strategic vehicle to mobilize long-term private and institutional capital into Nigeria’s housing and infrastructure sectors. Beyond its financial significance, the initiative reinforces the Federal Government’s broader goal of using innovative, market-based models to address critical social and economic challenges.
A Transformative Moment for Nigeria’s Capital Market
Speaking at the ceremony, Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, described the listing as a “transformative moment” for Nigeria’s capital market and its social development agenda. According to him, the MREIF embodies the administration’s Renewed Hope Agenda, which seeks to channel private funds into sectors that create jobs, improve living standards, and drive sustainable growth.
“The MREIF represents a transformative approach to affordable housing—mobilizing private and institutional capital into the housing sector, creating jobs, and stimulating economic growth,” Edun said. He added that the fund’s AAA rating from Agusto & Co and AA from GCR demonstrates investor confidence in both the initiative and Nigeria’s financial system.
Driving Growth through Public-Private Collaboration
At the core of the MREIF’s model is a Public-Private Partnership (PPP) framework that combines government policy direction with market efficiency. The Fund will channel long-term financing into the housing sector, offering investors a credible platform for both financial returns and social impact.
Dr. Shamsuddeen Usman, Chairman of MOFI’s Board, hailed the Fund’s listing as a defining step in unlocking real estate as a key driver of inclusive economic growth. “The MREIF is more than an investment instrument—it is a catalyst for inclusion and shared prosperity,” he said.
He explained that beyond its financial appeal, the Fund is structured to deliver measurable social outcomes, including expanding access to affordable housing and supporting Nigeria’s construction and mortgage value chains. Since becoming operational in May 2025, the Fund has already facilitated over 1,000 mortgages, demonstrating its immediate impact and scalability potential.
Building Investor Confidence and Financial Sustainability
Delivering his remarks, Dr. Armstrong Ume Takang, Managing Director and CEO of MOFI, emphasized that the MREIF aligns perfectly with the government’s strategic investment vision to deploy capital for national transformation.
“This listing underscores MOFI’s mission to deploy capital strategically for national transformation,” he said. “The MREIF is designed to provide long-term, low-cost mortgage financing, making homeownership a reality for millions of Nigerians while stimulating local economies.”
Dr. Takang also commended the Securities and Exchange Commission (SEC), the Nigerian Exchange (NGX), and other transaction partners for their role in structuring the Fund to meet international standards of transparency, governance, and sustainability.
Expanding Access and Creating Opportunity
The NGX listing is expected to boost liquidity and visibility for the Fund, offering opportunities to both institutional and retail investors—including Nigerians in the diaspora. The platform’s disclosure and governance framework will also enhance accountability and investor protection, strengthening overall confidence in the market.
According to Dr. Usman, the listing is “more than a financial milestone—it is proof that policy, capital, and purpose can intersect to deliver real impact.” He noted that MOFI’s collaboration with both private and public stakeholders marks a new chapter in Nigeria’s pursuit of economic inclusiveness through strategic investment.
A Market-Driven Path to Homeownership
The MOFI Real Estate Investment Fund (MREIF) is a government-backed yet market-driven initiative providing affordable mortgage financing at a competitive interest rate of 9.75%, with a maximum tenure of 20 years and a minimum equity contribution of 10%. By blending policy support with private sector participation, the Fund seeks to make homeownership more accessible and sustainable for Nigerians across income levels.
Ultimately, the MREIF’s listing on the NGX marks a defining moment for Nigeria’s real estate and financial markets—signaling that the country is ready to use innovative financial instruments not just to build houses, but to build futures.
