The Ministry of Finance Incorporated (MOFI) listed its MOFI Real Estate Investment Fund (MREIF) on the Main Board of the Nigerian Exchange Limited (NGX) on Tuesday.
This was made known in a statement issued by the NGX, adding that the listing was marked with a closing gong ceremony at the exchange, which had in attendance the minister of finance and coordinating minister for the economy, Wale Edun.
The NGX statement reads in part, “The ceremony also highlighted the strength of collaboration between the federal government, MOFI, and the private sector in mobilizing innovative financing for housing.
“The listing took place against the backdrop of cautious trading in the equities market, as investors recalibrate portfolios in response to geopolitical tensions arising from the US–Nigeria diplomatic standoff, the proposed capital gains tax (CGT), year-end portfolio rebalancing, and expectations of window-dressing by institutional players.”
In his remarks, Edun said, “The MREIF represents a practical expression of the Tinubu administration’s Renewed Hope Agenda. It’s not just about housing; it’s about empowerment. With this listing, ordinary Nigerians can now participate directly in wealth creation and national development at ₦100 per unit.”
Chairman of the Board of MOFI, Dr. Shamsuddeen Usman, said, “The MREIF is more than an investment instrument; it is a catalyst for progress and inclusion. Through this platform, we are mobilizing private and institutional capital to deliver real impact — housing, jobs, and opportunities for millions.”
MREIF is a Public-Private Partnership (PPP)-structured scheme created to provide long-term, low-cost mortgage financing while also guaranteeing returns to investors.
