Finance and economy minister Wale Edun, on Tuesday, reassured investors of the federal government’s commitment to balanced outcomes on Capital Gains Tax.

Mr Edun gave the assurance at the Nigerian Exchange’s closing gong ceremony, held to commemorate the listing of the Ministry of Finance Incorporated Real Estate Investment Fund Series 2 in Lagos.

According to the NGX, the listing occurred amid cautious trading in the equities market, as investors recalibrated portfolios in response to global and domestic economic developments. Analysts noted that while liquidity remains robust, aligning fiscal policies with investor expectations is crucial for sustaining confidence and deepening long-term market participation.

Mr Edun assured stakeholders that the government had taken note of concerns regarding the Capital Gains Tax and would continue consultations with the market to ensure its fair implementation.

“We have noted the concerns around Capital Gains Tax and will keep engaging with the capital market to achieve optimal outcomes for Nigerians and investors. At N100 per unit, MREIF enables ordinary Nigerians to participate in savings and investment, leveraging local resources to boost the economy, especially in housing,” he said.

Temi Popoola, group managing director of NGX Group, reaffirmed the capital market’s role as a driver of inclusive growth and urged the government to ensure balanced policy outcomes.

“The capital market is not only a platform for attracting investment but also a tool for wealth creation and national economic growth. Policies like the Capital Gains Tax must balance government revenue objectives with investor confidence and sustained market growth,” he said.

Mr Popoola said the NGX Group remained committed to supporting the Renewed Hope Agenda by channelling private capital into initiatives that promote sustainable, long-term development.

The ceremony also underscored the collaboration between the federal government, MoFI, and the private sector in mobilising innovative financing for Nigeria’s housing sector.

Ahonsi Unuigbe, chairman of NGX, described the listing as “a defining step toward transforming Nigeria into a leading economy that guarantees shared prosperity”.

Jude Chiemeka, chief executive officer of NGX, said MREIF demonstrated how the capital market could provide practical solutions to national challenges.

“By channelling private capital into housing, we create opportunities for long-term investment and wealth while addressing Nigeria’s housing deficit,” Mr Chiemeka said.

Armstrong Takang, managing director of MoFI, stated that MREIF would provide long-term, low-cost mortgage financing, making homeownership a reality for millions of Nigerians. He said the initiative would also stimulate local economies across the housing value chain and expand opportunities for inclusive economic participation.

The ceremony positioned MREIF as a model for inclusive growth, showing how institutional capital can drive financial stability and social progress. With over 1,000 mortgages already disbursed, the initiative continues to expand middle-class wealth and deepen participation in Nigeria’s capital market.

(NAN)