The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, on Tuesday reassured investors of the Federal Government’s commitment to achieving balanced outcomes on Capital Gains Tax (CGT).
The assurance was given at the Nigerian Exchange (NGX) Closing Gong Ceremony, which marked the listing of the Ministry of Finance Incorporated (MoFI) Real Estate Investment Fund (MREIF) Series 2.
Speaking at the event in Lagos, Edun emphasised that the government is actively engaging with the capital market to address concerns around the CGT, ensuring policies are fair and aligned with investor expectations.
“At N100 per unit, MREIF allows ordinary Nigerians to participate in savings and investment, harnessing local resources to boost the economy, particularly in the housing sector,” Edun said.
The NGX noted that trading activity during the listing reflected cautious market sentiment, as investors adjusted portfolios in response to both domestic and global economic developments.
Analysts highlighted that while market liquidity remains robust, aligning fiscal policies with investor expectations is crucial to sustaining confidence and encouraging long-term participation.
Mr. Temi Popoola, Group Managing Director of NGX, stressed the capital market’s role as a driver of inclusive economic growth, urging the government to ensure balanced policy outcomes.
“The capital market is not only a platform for attracting investment but also a tool for wealth creation and national development,” he said.
Popoola commended the ongoing collaboration between the Federal Government, MoFI, and the private sector in mobilizing innovative financing for Nigeria’s housing sector.
Other speakers at the ceremony highlighted the transformative potential of MREIF. NGX Chairman Ahonsi Unuigbe described the listing as a “defining step toward making Nigeria a leading economy that guarantees shared prosperity.”
CEO Jude Chiemeka noted that MREIF demonstrates how the capital market can provide practical solutions to national challenges, while Dr. Armstrong Takang, Managing Director of MoFI, added that the initiative would provide long-term, low-cost mortgage financing, stimulating local economies and promoting inclusive participation.
With over 1,000 mortgages already disbursed, MREIF continues to expand middle-class wealth, deepen capital market participation, and position institutional capital as a driver of financial stability and social progress.
