– VAT, stamp duty exemptions to cut housing costs
– Reliefs tailored to support low-income earners
– Boost for local building material production
The Nigerian government’s proposed Tax Reform Bill seeks to make housing more affordable by removing tax burdens in the real estate sector. The bill exempts land sales, rentals, and residential property transactions from VAT and stamp duties—especially rents below ₦10 million.
It also eliminates capital gains tax on residential sales and offers incentives to boost local building materials production. According to committee chair Taiwo Oyedele, the reforms aim to ease costs for low-income earners and attract more investment in housing.
The bill is currently awaiting review in the National Assembly.
