Market Stability: Edun Promises Fair Tax Policy as NGX Lists N100bn Real Estate Fund

In honor of the listing of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) Series 2, the Nigerian Exchange (NGX) invited Mr. Wale Edun, Minister of Finance and Coordinating Minister for the Economy, on Tuesday at the Closing Gong Ceremony. The IPO emphasized how important the capital market is to the country’s development and to raising money to close Nigeria’s housing shortage.

The event took place in the midst of cautious investor sentiment as the stock market navigates a number of challenges, including year-end portfolio adjustments, profit-taking by institutional investors, the proposed adoption of the Capital Gains Tax (CGT), and the ongoing diplomatic dispute between the US and Nigeria. Even if market liquidity is still high, analysts predict that maintaining investor confidence will depend on how the government strikes a compromise between fiscal goals and market stability.

The capital market continues to be a major force behind wealth creation and inclusive growth, according to Temi Popoola, Group Managing Director and Chief Executive Officer of NGX Group.

He called on the government to enact the Capital Gains Tax in a way that maintains investor trust.

Popoola stated, “The capital market is not only a platform for drawing investment but also a tool for creating wealth for Nigerians.” “Policies like the Capital Gains Tax must strike a balance between investor confidence, market expansion, and government income goals. NGX is still dedicated to mobilizing private resources for long-term impact in support of the Renewed Hope Agenda.

In response, Edun informed investors that the government was aware of their worries about the Capital Gains Tax and will continue to communicate openly with market participants to guarantee equitable and growth-oriented results.

He stated, “We have taken note of the concerns regarding the Capital Gains Tax and will continue to engage with the capital market to ensure decisions deliver optimal outcomes for both Nigerians and the market.” “At N100 per unit, MREIF enables common Nigerians to engage in investment and savings, utilizing local resources to expand our economy, particularly in the housing sector.”

The minister emphasized that the government’s economic strategy is centered on developing easily accessible investment options that empower residents while bolstering important industries like housing, which directly multiplies the expansion of infrastructure and the creation of jobs.

The listing, according to NGX Chairman Ahonsi Unuigbe, is “a defining step toward transforming Nigeria into a leading economy that ensures shared prosperity for all Nigerians.”

In a similar spirit, NGX CEO Jude Chiemeka emphasized MREIF’s capacity to provide workable answers to Nigeria’s housing problems.

“We are addressing the country’s housing deficit while creating opportunities for long-term investment and wealth creation by channeling private capital into housing,” he stated.

Doctor Armstrong According to Ume Takang, Managing Director and CEO of MOFI, MREIF is a significant advancement in public-private partnership, providing affordable, long-term mortgage financing that can enable millions of people to become homes.

He stated, “MREIF offers sustainable financing to stimulate local economies across the housing value chain.”

With more than 1,000 mortgages already disbursed, MREIF has become a model for inclusive economic growth, showing how institutional capital can drive both social advancement and financial stability. NGX’s status as a center for capital formation and a collaborator in accomplishing the government’s development goals is further solidified by the fund’s listing.