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By Chukwuma Umeorah
The Federal Government, through the Ministry of Finance Incorporated (MOFI), has listed ₦1 trillion MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange Limited (NGX), with the aim of mobilising private capital to finance affordable housing and strengthen Nigeria’s capital market.
The listing, introduced by Vetiva Securities Limited in partnership with Citi Investment Capital Limited, covers 1,000,000,000 units of ₦100 each under the ₦1 trillion issuance programme on the NGX Main Board.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, while speaking at the listing ceremony on the floor of the Exchange in Lagos on Tuesday, said the MREIF reflects President Bola Ahmed Tinubu’s commitment to tackling the housing deficit through innovative, market-driven financing models that attract private and institutional investments.
“We need investments to grow this economy. Investments increase productivity, increases GDP growth and reduces poverty and unemployment. That’s the whole point of Mr. President’s social and economic agenda. We need to pivot away from borrowing and focus on raising domestic capital. That means empowering Nigerians to be able to save and invest. Part of it is giving them instruments such as this.
“The MREIF for instance has been broken down into ₦100 units, so that all those who are willing at all levels of society have the opportunity to invest safely and profitably. But more importantly, they are putting money into real assets and growth of the Nigerian economy,” he explained.
He added that with strong credit ratings of AAA by Agusto & Co and AA by GCR, the Fund demonstrates investor confidence and provides a sustainable model for financing social infrastructure through public-private partnerships.
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He disclosed that the MREIF has been operational since May 2025 and has created over 1,000 mortgages since disbursement began, demonstrating its early impact and potential for scalability.
Chairman of the Board of MOFI, Shamsuddeen Usman, described the listing as a major leap forward in deepening Nigeria’s capital markets and unlocking the potential of real estate as a driver of inclusive growth.
According to him, “The MREIF is more than an investment instrument, it is a catalyst for progress and inclusion. Through MOFI’s sponsorship, we are mobilising private and institutional capital to address the housing and infrastructure needs of millions of Nigerians, while supporting the Federal Government’s vision of a dynamic and resilient economy that works for all.”
On his part, Managing Director/CEO of MOFI, Armstrong Takang, highlighted MOFI’s role as the Federal Government’s investment vehicle and sponsor of the MREIF. “This listing underscores MOFI’s mission to deploy capital strategically for national transformation. The MREIF is designed to provide long-term, low-cost mortgage financing, making homeownership a reality for millions while stimulating local economies across the housing value chain.”
The CEO of NGX, Jude Chiemeka, commended MOFI for professionalism and collaboration in structuring the MREIF to meet global standards of governance and sustainability. He assured that the Exchange remained a platform for capital raising to support critical sectors of the economy, including housing, infrastructure, and other socially impactful investments.
Chiemeka added, “The NGX provides a transparent, regulated, and efficient environment where innovative investment vehicles like the MREIF can thrive, attract domestic and foreign investors, and contribute meaningfully to national development.”
