•As MOFI Real Estate Investment Fund Lists on NGX
By Peter Egwuatu
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has assured investors that the Federal Government will revisit provisions on Capital Gains Tax (CGT) in the new tax reform framework to ensure a fair and investor-friendly outcome.
Edun made this known yesterday during the official listing of the MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange (NGX) in Lagos. He said the review would balance government revenue objectives with the need to attract private capital into key sectors of the economy.
“Considering the call for the reconsideration of the Capital Gains Tax as stated in the new tax reform, we will meet again to come out with appropriate measures that will be good for investors and for Nigeria before implementation,” Edun said.
He described the listing of MREIF as a major milestone in President Bola Tinubu’s Renewed Hope Agenda, aimed at mobilising private and institutional funds for affordable housing, job creation, and economic growth.
According to him, the Fund already carries AAA ratings from Agusto & Co and AA from GCR, reflecting investor confidence and the viability of public-private partnerships in delivering social infrastructure.
Edun revealed that the Fund has recorded significant early success, with over 1,000 mortgages created since disbursements began in May 2025, signalling its potential to scale nationwide.
Chairman of MOFI’s Board, Dr. Shamsuddeen Usman, said the listing represents “a major leap in deepening Nigeria’s capital markets and unlocking real estate as a driver of inclusive growth.”
Also speaking, Dr. Armstrong Ume Takang, Managing Director/CEO of MOFI, said the MREIF aligns with MOFI’s mission to deploy capital for national transformation.
“The Fund provides long-term, low-cost mortgage financing that makes .
homeownership a reality for millions while stimulating local economies,” he said.
He commended the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX) for their collaboration in structuring the Fund to global standards.
Chairman of NGX Limited, Ahonsi Unuigbe, praised the listing of 1 trillion units at N100 per unit, describing it as a development that will deepen the market and enhance investor confidence.
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