Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emphasised that the listing of the N1 trillion MOFI Real Estate Investment Fund (MREIF) on the floor of the Nigerian Exchange Limited (NGX) marks a significant milestone in Nigeria’s pursuit of affordable housing and inclusive economic growth.

Addressing stockbrokers at the listing of the fund in Lagos yesterday, Edu stated that the development represented a transformative approach to addressing the nation’s housing deficit by channelling private and institutional capital into the housing sector, enhancing access to long-term financing, and fostering partnerships between the public and private sectors.

Ministry of Finance Incorporated (MOFI) is the investment vehicle of the Federal Government of Nigeria, responsible for managing, investing, and optimising public assets to drive national development.

The listing, introduced by Vetiva Securities Limited in partnership with Citi Investment Capital Limited, covers 1,000,000,000 units of N100 each under the N1 trillion issuance programme on the NGX Main Board.

Edun reaffirmed President Bola Ahmed Tinubu’s commitment to addressing Nigeria’s housing deficit through innovative, market-driven financing models.

He noted that beyond expanding home ownership opportunities for Nigerians, the initiative is poised to create thousands of jobs across the construction value chain, stimulate domestic industries and ultimately contribute to overall economic growth.

In his remarks, the Chairman of the Board of MOFI, Dr 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.”

Delivering his remarks, the Managing Director/CEO of MOFI, Dr Armstrong Ume Takang, highlighted MOFI’s role as the Federal Government’s investment vehicle and sponsor of the MREIF.