The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has assured investors that the Federal Government will review provisions of the Capital Gains Tax (CGT) under the new tax reform framework to ensure a fair and investor-friendly outcome.

Edun made the announcement 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.

The Fund has already received AAA ratings from Agusto & Co and AA from GCR, reflecting investor confidence and the viability of public-private partnerships in delivering social infrastructure. Edun noted that over 1,000 mortgages have been created since disbursements began in May 2025, signaling the Fund’s 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.”

Dr. Armstrong Ume Takang, Managing Director/CEO of MOFI, emphasized that 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, commending the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX) for structuring the Fund to global standards.

Chairman of NGX Limited, Ahonsi Unuigbe, highlighted the listing of 1 trillion units at N100 per unit as a development that will deepen the market and enhance investor confidence.