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), 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.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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