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SEC Pushes Capital Market Solutions for FCT Infrastructure and Housing Deficit

SEC Director-General Emomotimi Agama has urged the Federal Capital Territory Administration to look beyond budgetary allocations and leverage the capital market to fund critical infrastructure. At the Abuja Business and Investment Summit, Agama proposed the use of infrastructure bonds, REITs, and asset recycling to finance projects like the Millennium Tower. Separately, analysts note that Nigeria’s underdeveloped REIT market holds significant potential to bridge the country’s N50 trillion housing finance gap, even as high interest rates continue to divert institutional capital toward government securities. Despite challenges, local REITs like UPDC, Union Homes, and SFS have seen portfolio expansion and improved returns, signaling growing investor interest in the sector.

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