The Federal Government has described the listing of the MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange (NGX) as a major milestone in deepening the nation’s capital markets and promoting inclusive growth.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the ₦100-per-unit fund represents a new channel for ordinary Nigerians to save, invest, and build wealth while supporting President Bola Ahmed Tinubu’s reform agenda for affordable housing and financial inclusion.
He noted that the NGX’s strong performance—rising nearly 50 percent this year—reflects renewed investor confidence driven by ongoing fiscal and monetary reforms aimed at stabilising government revenue, foreign reserves, and the naira exchange rate.
Edun reaffirmed the government’s commitment to balanced tax reform and stronger collaboration between the financial and technology sectors to make investing simpler and more accessible.
“A healthy capital market that empowers citizens to invest is the surest path to sustainable, inclusive growth,” the minister said.
The fund’s listing, he added, underlines the administration’s goal of mobilising domestic capital for infrastructure and housing, while expanding opportunities for long-term national prosperity.
