{
  "id": 13407977,
  "title": "SEC DG proposes investment funds to finance university hostels",
  "url": "https://urgent.news/2026/10/10/sec-dg-proposes-investment-funds-to-finance-university-hostels",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-10T12:35:29.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/10/sec-dg-proposes-investment-funds-to-finance-university-hostels/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}