Manny Ita –
The Ministry of Finance Incorporated (MOFI) has officially commenced the electronic disbursement of dividends to eligible shareholders of the MOFI Real Estate Investment Fund (MREIF) today, February 27, 2026, following a record-breaking financial performance. The fund’s year-end audit for 2025 revealed a Net Asset Value (NAV) of ₦270.29 billion, marking a significant milestone in the federal government’s strategy to institutionalize and commercialize state-owned real estate assets. This payout follows the successful consolidation of high-yield commercial and residential properties into the fund’s portfolio, which has outperformed several private-sector benchmarks despite the prevailing high-interest-rate environment in Nigeria’s property market.
Dr. Armstrong Takang, the Managing Director and Chief Executive Officer of MOFI, described the dividend payment as a testament to the fund’s rigorous asset management and transparency protocols. “The achievement of a ₦270.29 billion Net Asset Value is a clear signal to both local and international investors that Nigerian sovereign real estate assets are being managed with a commercial mindset that prioritizes value creation and steady returns,” Takang stated. He further noted that the electronic payment process initiated today ensures that “every eligible shareholder receives their entitlement seamlessly, reinforcing our commitment to building trust within the investment community through technology-driven financial operations.”
Market analysts attribute the fund’s growth to its strategic focus on “A-grade” commercial real estate and the optimization of previously underutilized government land banks in Lagos, Abuja, and Port Harcourt. The 2025 performance was bolstered by a shift toward long-term leases with multinational tenants and the integration of green building certifications, which attracted premium rental rates. A senior investment officer at MOFI remarked that the fund’s resilience is rooted in its diverse asset mix, stating, “While the broader real estate market faced headwinds, our focus on inflation-hedged assets and optimized facility management allowed us to maintain a robust cash flow position, which we are now sharing with our stakeholders.”
The disbursement today is expected to inject significant liquidity into the Nigerian capital market, as institutional investors and individual shareholders receive their returns. Looking ahead to the 2026 fiscal year, MOFI has indicated plans to further expand the fund’s reach by exploring Real Estate Investment Trust (REIT) listings on the Nigerian Exchange (NGX) to democratize access to these sovereign assets. “Our goal is to transition from an asset custodian to a market leader in real estate investment,” Takang added, emphasizing that “this dividend payment is just one step in a long-term journey to unlock trillions of Naira in untapped value for the Nigerian economy.”
