SEC DG proposes investment funds to finance university hostels
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has proposed the establishment of investment funds to finance student hostel construction in Nigerian universities, as institutions struggle with inadequate accommodation facilities. The post SEC DG proposes investment funds to finance university hostels appeared first on Nairametrics .
The SEC Director-General, Dr Emomotimi Agama, has proposed the creation of investment funds to finance the construction of student hostels in Nigerian universities, addressing the persistent shortage of accommodation facilities on campus. This proposal was made during the University of Ibadan Alumni Association’s 2026 Annual Public Service Lecture, where Agama emphasized that the lack of hostel facilities has forced many students to live outside the campuses, creating a rental market that could be harnessed as an income-generating opportunity.
Agama suggested establishing investment vehicles such as real estate investment trusts (REITs) or closed-ended funds, which could attract institutional investors and generate returns through rental income, all while adhering to Nigerian regulations requiring REITs to distribute at least 90% of their taxable income annually. This approach could provide universities with a means to expand accommodation without relying on additional borrowing or risking their financial stability.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
