Tax Reform and Housing Finance: REDAN Sets Agenda for 17th AGM in Abuja
Real Estate Developers Association of Nigeria
The Real Estate Developers Association of Nigeria (REDAN) will host its 17th Annual General Meeting on February 4, 2026, at the Los Angeles Events & Conference Centre in Abuja. Centred on the theme, "The New Tax Law as a Strategic Tool for Real Estate Finance and Housing Affordability," the event aims to align the nation's evolving tax framework with private sector efforts to reduce construction costs and improve access to long-term capital.
Strategic Focus: The 2026 Tax Framework
A central objective of the 17th AGM is to evaluate the impact of the Nigeria Tax Act 2025 and related fiscal reforms on the built environment. As the new tax regime commenced on January 1, 2026, developers are seeking clarity on how these laws can be leveraged as incentives rather than bottlenecks.
The meeting will focus on three primary pillars:
Incentivizing Development: Exploring how tax credits and exemptions can lower the "entry barrier" for social and affordable housing projects.
Compliance and Transparency: Strengthening the relationship between developers and the Federal Inland Revenue Service (FIRS) to streamline technology driven tax administration.
Finance Integration: Assessing how modern tax structures can attract institutional investors and diaspora funding into the Nigerian property market.
Addressing Industry Constraints
The AGM arrives at a critical juncture for the industry. Developers continue to navigate high interest rates and the rising costs of building materials. According to REDAN, the gathering will bring together government officials, financial regulators, and professionals from the built environment to propose financing structures capable of supporting large-scale developments.
Discussions are expected to build upon the momentum of the Renewed Hope Cities and Estates Programme, a federal initiative aimed at bridging the housing deficit. Key stakeholders, including representatives from the Federal Mortgage Bank of Nigeria (FMBN) and the Ministry of Housing and Urban Development, are anticipated to participate in sessions aimed at synchronizing public policy with private sector execution.
A Platform for Collaboration
Beyond policy analysis, the event serves as a high-level networking hub for over 5,000 potential participants, including estate developers and mortgage providers. By fostering transparent partnerships with the Federal Capital Territory Administration (FCTA) and the Federal Housing Authority (FHA), REDAN seeks to reduce bureaucratic hurdles such as land title delays and infrastructure gaps that traditionally inflate property prices.
The 17th REDAN AGM represents a proactive shift by developers to integrate fiscal literacy into the real estate value chain. By positioning the new tax laws as a strategic tool for finance, the association aims to transform the current economic challenges into a sustainable framework for affordable housing. The outcomes of this meeting will likely influence the trajectory of private-sector property investment in Nigeria for the remainder of 2026.
