The Ministry of Finance Incorporated (MOFI) has achieved a major milestone in its mission to expand access to affordable housing for millions of Nigerians with the successful listing of the commercial tranche of the MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange Group (NGX).
This landmark event, held on Tuesday, marks a significant step forward in MREIF’s strategic drive to promote sustainability in housing finance through the mobilisation of private and institutional capital.
Speaking at the listing ceremony, Dr. Armstrong Takang, Chief Executive Officer of MOFI, described the listing as a “pivotal moment” in the organisation’s efforts to create a globally competitive and transparent real estate investment platform.
“This listing strengthens our commitment to driving market-based solutions for affordable housing,” Dr. Takang said. “With enhanced visibility and liquidity through the NGX, MREIF can now attract a broader and more diverse pool of investors—including institutional players, retail investors, and Nigerians in the diaspora.”
The event brought together senior government officials, private sector leaders, and capital market stakeholders, reflecting the strong multi-sectoral partnership driving the Fund’s success.
MREIF has already delivered over 1,000 mortgages to Nigerian homeowners and is poised to expand its reach significantly following the NGX listing. As a government-backed yet market-driven fund structured under a Public-Private Partnership (PPP) model, MREIF seeks to catalyse investment across the housing value chain while unlocking large-scale homeownership opportunities nationwide.
Dr. Takang expressed deep appreciation to President Bola Ahmed Tinubu for his unwavering support and for prioritising housing under his Renewed Hope Agenda. He also commended the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, for his leadership and commitment to advancing the MREIF initiative.
Acknowledging the collaborative efforts that made the listing possible, Dr. Takang thanked the Securities and Exchange Commission (SEC), the Nigerian Exchange Group (NGX), Asset & Resource Management Holding Company (ARM HoldCo)—the Fund’s managers—and other private sector partners, subscribers, and stakeholders for their collective contributions to the project’s success.
“This milestone demonstrates MOFI’s resolve to drive impactful, market-led reforms that align with the Federal Government’s vision of inclusive economic growth and sustainable development,” he added.
With the listing now complete, MREIF is positioned to accelerate its mission of providing affordable housing finance solutions, deepening Nigeria’s capital markets, and unlocking value across the national housing ecosystem.
