Government-Backed Real Estate Fund Debuts as Finance Minister Pledges Investor‑Friendly Tax Approach

The listing of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund Series 2 on the Nigerian Exchange Group (NGX) marks a strategic move toward aligning capital‑market innovation with national housing goals. The event, capped by a ceremonial closing gong, underlined the government’s intent to leverage market instruments to bridge Nigeria’s housing shortfall while driving inclusive economic growth.

At the ceremony, Wale Edun, Minister of Finance and Coordinating Minister of the Economy, addressed investor concerns about the proposed capital‑gains tax. He assured stakeholders that the authorities remain in active consultation to ensure any fiscal policy supports both revenue goals and investor confidence. ‘‘We are mindful of the concerns raised about the Capital Gains Tax and are in active consultation with stakeholders to ensure that any decisions taken will deliver optimal outcomes for the economy and investors,’’ he said.

Meanwhile, NGX leadership reaffirmed the listing’s significance. Temi Popoola, Group MD/CEO of NGX Group, emphasised the exchange’s role in mobilising private capital and creating wealth for Nigerians. ‘‘The capital market is not only a vehicle for mobilising investment but also for creating wealth for Nigerians. Policies such as the Capital Gains Tax must be structured to balance government’s fiscal goals with investor confidence,’’ he noted.

Ahonsi Unuigbe, Chairman of NGX, described the MREIF listing as a “defining milestone” in building an inclusive, resilient economy. Similarly, Jude Chiemeka, NGX CEO, highlighted the fund’s role in channeling private capital into tangible social and economic solutions.

According to Armstrong Ume Takang, Managing Director of MOFI, the fund is set to facilitate affordable and long‑term mortgage financing accessible to ordinary Nigerians. With over 1,000 mortgages already disbursed, he described the initiative as a catalyst for local economic stimulation and growth across Nigeria’s housing value chain.

As the capital market adjusts amid global geopolitical uncertainties, investor sentiment and fiscal‑policy alignment remain key touchpoints. Analysts warn that balancing tax revenue needs with investor trust is crucial for sustaining long‑term participation and market growth.

The listing of MREIF Series 2 at an entry price of ₦100 per unit aims to broaden public participation in wealth creation through the housing finance sector. The event emphasised mobilisation of domestic savings, expansion of market participation, and the importance of fiscal policies that support investment‑driven growth.