The Federal Government of Nigeria has officially listed the N1 trillion MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange Limited (NGX), marking a major milestone in its efforts to tackle the nation’s housing deficit and promote inclusive economic growth.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said during the listing event in Lagos that the move represents a transformative step toward solving Nigeria’s housing challenges. According to him, the MREIF will channel private and institutional investments into the housing sector, expand access to long-term financing, and strengthen collaboration between the public and private sectors.
The Ministry of Finance Incorporated (MOFI), which serves as the Federal Government’s investment arm, manages and optimises public assets to support national development. The listing, arranged by Vetiva Securities Limited in partnership with Citi Investment Capital Limited, covers 1,000,000,000 units valued at N100 each under the N1 trillion issuance programme on the NGX Main Board.
Edun reaffirmed President Bola Ahmed Tinubu’s dedication to solving Nigeria’s housing challenges through innovative, market-driven funding models. He added that the initiative will not only increase home ownership opportunities for Nigerians but also generate thousands of jobs across the construction sector, stimulate domestic industries, and boost economic growth.
Chairman of the MOFI Board, Dr Shamsuddeen Usman, described the listing as a major step in deepening Nigeria’s capital market and unlocking the real estate sector’s full potential.
MOFI Managing Director and CEO, Dr Armstrong Ume Takang, also highlighted the organisation’s key role as the Federal Government’s investment vehicle and sponsor of the MREIF.
