Nigeria’s Ministry of Finance Included (MOFI) has listed its N1 trillion MOFI Actual Property Funding Fund (MREIF) on the Nigerian Trade Group (NGX), in a ceremony that drew senior authorities officers, capital market leaders, and key personal sector stakeholders to Lagos.
The itemizing of the N1 trillion Collection 2 Funding Fund with 1 billion models priced at N100 every represents a vital milestone in Nigeria’s efforts to mobilize personal and institutional capital for reasonably priced housing and sustainable growth.
It additionally underscores the federal government’s dedication to drive {economic} progress by way of progressive market-based financing fashions.
Talking on the occasion, Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economic system, described the itemizing as a “transformative second” for Nigeria’s {financial} markets and social infrastructure. In line with him, the MREIF embodies the administration’s Renewed Hope Agenda—leveraging personal funds to ship reasonably priced housing, stimulate native industries, and create jobs.
“The MREIF represents a transformative method to reasonably priced housing—mobilizing personal and institutional capital into the housing sector, creating jobs, and stimulating {economic} progress,” Edun said. “With robust credit score rankings of AAA by Agusto & Co and AA by GCR, the Fund displays investor confidence and sustainability in Nigeria’s capital markets.”
The MREIF operates below a Public-Personal Partnership (PPP) construction designed to merge authorities coverage with market effectivity. It channels long-term funds into the housing sector whereas providing traders a clear and credible automobile for impact-driven returns.
Dr. Shamsuddeen Usman, Chairman of the Board of MOFI, hailed the Fund’s itemizing as “a significant leap ahead in deepening Nigeria’s capital markets and unlocking actual property as a catalyst for inclusive progress.”
He emphasised that MREIF’s worth extends past {financial} returns, positioning it as a instrument for social progress. “The MREIF is greater than an funding instrument—it’s a catalyst for inclusion and shared prosperity,” Dr. Usman mentioned. “By means of MOFI’s sponsorship, we’re mobilizing personal and institutional capital to handle the housing and infrastructure wants of thousands and thousands of Nigerians.”
He famous that the Fund is already operational, with over 1,000 mortgages created since Could 2025, underscoring its capability for influence and scalability throughout the housing worth chain.
Delivering his remarks, Dr. Armstrong Ume Takang, Managing Director and CEO of MOFI, highlighted the Fund’s alignment with the federal government’s strategic funding imaginative and prescient. “This itemizing underscores MOFI’s mission to deploy capital strategically for nationwide transformation,” he mentioned. “The MREIF is designed to offer long-term, low-cost mortgage financing, making homeownership a actuality for thousands and thousands whereas stimulating native economies.”
He counseled the Securities and Trade Fee (SEC), the NGX, and different transaction companions for his or her collaboration in structuring a product that meets worldwide requirements of governance, transparency, and sustainability.
The NGX itemizing is anticipated to reinforce liquidity, visibility, and investor diversification, offering alternatives for each institutional and retail traders, together with the Nigerian diaspora. It additionally reinforces transparency by way of the Trade’s strong disclosure framework and governance oversight.
“At present’s itemizing is greater than a {financial} milestone—it’s proof that coverage, capital, and goal can intersect to ship actual influence,” Dr. Usman concluded. “By means of MOFI’s stewardship and collaboration with our companions, we’re charting a brand new path outlined by alternative and progress for all Nigerians.”
The MOFI Actual Property Funding Fund (MREIF) is a government-backed, market-driven initiative that gives reasonably priced mortgage financing at a aggressive rate of interest of 9.75%, with a most tenure of 20 years and a minimal fairness contribution of 10%. By combining coverage path with personal capital, the Fund seeks to make homeownership extra accessible and sustainable nationwide.
