MOFI Lists Real Estate Fund on NGX

MOFI lists real estate fund on NGX to boost affordable housing, deepen capital markets

By Seun Ibiyemi

The Ministry of Finance Incorporated (MOFI) on Tuesday achieved a major milestone in Nigeria’s housing and capital market landscape with the listing of the commercial tranche of the MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange Group (NGX).

The landmark listing, which took place at the NGX on November 11, 2025, drew government officials, private sector leaders, and capital market stakeholders who hailed the development as a breakthrough in mobilising private capital for affordable housing and sustainable economic growth.

The MREIF, a government-backed yet market-driven initiative, is structured under a Public-Private Partnership (PPP) framework to channel private and institutional investments into Nigeria’s housing sector.

The Fund aims to expand access to affordable home financing, stimulate job creation, and promote inclusive economic growth nationwide.

Currently, the Fund offers mortgage financing at a 9.75 percent interest rate, with a 20-year maximum tenure and a 10 percent minimum equity contribution, providing Nigerian households with a more accessible path to homeownership.

Shamsuddeen Usman, Chairman of the MOFI Board, 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.”

“The MREIF is more than an investment instrument—it is a catalyst for progress and inclusion,” he said. “Through MOFI’s sponsorship, we are mobilising capital to address the housing and infrastructure needs of millions of Nigerians.”

Also speaking, Armstrong Ume Takang, Managing Director and CEO of MOFI, reaffirmed MOFI’s role as the Federal Government’s investment vehicle, responsible for managing and optimising public assets for national development.

“This listing underscores MOFI’s mission to deploy capital strategically for national transformation,” Takang said. “The MREIF provides long-term, low-cost mortgage financing that makes homeownership a reality for millions while stimulating local economies across the housing value chain.”

He commended the Securities and Exchange Commission (SEC), NGX Group, and other transaction partners for ensuring that the Fund meets international standards of governance, transparency, and sustainability.

The listing, will enhance the MREIF’s visibility, liquidity, and investor diversification—opening new investment opportunities for institutional investors, retail participants, and Nigerians in the diaspora.

In line with its PPP framework, the Fund blends private capital with public policy, setting a precedent for how targeted investments can drive both social impact and economic stability.

“Today’s listing is more than a financial milestone—it is a tangible demonstration of how policy, capital, and purpose can intersect to deliver real impact,” Usman concluded.

With the MREIF now listed on the NGX, Nigeria takes a significant step forward in addressing its housing deficit while strengthening the local capital market and unlocking sustainable, inclusive growth.