SEC DG Dr Emomotimi Agama Proposes Hostel Investment Funds

On October 9, 2026, Dr Emomotimi Agama, the Director-General of the Securities and Exchange Commission (SEC), proposed the creation of investment funds to finance the construction of student hostels in Nigerian universities. This proposal was made during the University of Ibadan Alumni Association’s 2026 Annual Public Service Lecture in Ibadan, Oyo State.

Agama highlighted the significant shortage of student accommodation, noting that around 30,000 University of Ibadan students currently reside off-campus due to inadequate facilities. He suggested that this issue could be transformed into an income-generating opportunity through real estate investment trusts (REITs) and other investment vehicles.

These structures could attract institutional investors, including pension funds, and provide returns through rental income. Agama explained that such financing methods would allow universities to develop hostels without increasing their financial risks.

The persistent accommodation shortages have led to high rental costs for students seeking housing outside campus, reinforcing the need for alternative financing solutions.