Taxation Plots The Future of Nigeria’s Housing & Real Estate Sector

What does the future hold for Nigeria’s Housing & Real Estate Sector, especially against the backdrop of improved taxation regime?

These and more were the crux of a stakeholders’ summit, the Nigerian-British Chamber of Commerce (NBCC) Construction and Real Estate Outlook 2026 which held in Lagos on Tuesday.

Speaking, the Lagos State Commissioner for Housing, Mr Moruf Akinderu-Fatai, submitted that clarity, predictability and coordination in tax obligations are critical to securing long-term investments and driving housing delivery across the construction and real estate sector in 2026.

Fiscal reforms around the world, more so, insurance restructuring, climate imperatives, financial tightening and evolving investor expectations, he submitted, were reshaping the housing and real estate sectors.

Nigeria therefore, should be deliberate diving in, he admonished, stating that this requires intelligent response from stakeholders.

“Taxation impacts every stage of the construction and real estate value chain, from land acquisition to estate management.

“The challenge is not the existence of taxation, but the clarity, predictability and coordination of tax obligations across institutions and tiers of government,” he said.

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Noting the long-term and capital intensive nature of construction, housing and real estate sector, Akinderu-Fatai, informed that could be further affected by the nature of tax regulations in place, especially in the area of raising costs.

He urged developers and investors to move from passive compliance to proactive adaptation by strengthening internal tax planning capacity, and that there was need to view insurance as a strategic risk management tool.

Pledging deeper collaboration between Nigeria and the United Kingdom, to shape the future of the built environment, the commissioner added:

“As we navigate through these reforms, it is important to note that there is no reform agenda that can succeed without shared responsibility.

“Government must provide policy coherence, regulatory clarity, and efficient implementation while private sector leaders adapt business models, invest in compliance, embrace innovation, and pursue efficiency rather than transferring all additional costs to end-users,” he said.

The theme of the event was “Navigating Reforms, Driving Resilience: Tax, Insurance and the Future of Nigeria’s Construction and Real Estate Sector in 2026”.