MOFI Lists N1 Trillion MREIF on NGX for Affordable Housing Finance

MOFI, a financial institution, lists its N1 trillion MREIF on the Nigerian Exchange Group (NGX) (NGX: NGXGROUP), signaling a commitment to providing affordable housing finance. The move is seen as crucial for Nigeria's economic development and housing sustainability.

The fund, structured as a public-private partnership, aims to leverage private funds to deliver affordable housing, stimulate local industries, and create jobs. Key officials like Wale Edun and Shamsuddeen Usman highlighted the fund's impact-driven approach and potential to drive social progress.

The listing is expected to enhance market liquidity and diversify investment opportunities for various stakeholders.