Over N72 billion raised from NGX by real estate firms in 10 years

The Nigerian Exchange Limited (NGX) said it has raised over N72 billion for real estate companies in 10 years just as it plans to launch an initiative known as Impact Board to address the lingering housing deficit.

Group Chief Executive Officer, Nigerian Exchange Group Plc, Oscar Onyema, stated this at the 16th Africa International Housing Show themed, ’Housing for All: The Role of Governments in Creating an Effective Enabling Environment’ held at the weekend.

Speaking on the role of the capital market in tackling the nation’s housing Issues, Onyema noted that the Nigerian capital market, which aids long-term capital formation, remains an engine for driving economic growth and development.