Federal government tax reforms are poised to significantly alter the dynamics of Nigeria’s property market in 2026, with industry experts warning of a likely surge in rents and property prices. The implications of these fiscal shifts were a central theme at the 10th AlphaCrux Real Estate Outlook Conference held on Thursday in Lagos, themed “Amplifying Resilience in the Real Estate Industry in a Disputed Global Economy.”

Tobi Adama, Managing Director of AlphaCrux Limited, identified the new tax policies as a critical driver for the sector this year. He noted that the market is already exhibiting early signs of price adjustments as property owners begin to transfer the additional tax burden to tenants and buyers.

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed profound concern over the prolonged period of infrastructural neglect experienced by rural communities across the nation’s capital. Speaking during an extensive project inspection tour on February 3 and 4, 2026, the Minister remarked that it was "unimaginable" that communities within the FCT remained isolated and underserved for so many years.

Lafarge Africa Plc has announced a strategic expansion of its flagship production facilities in Sagamu, Ogun State, and Ashaka, Gombe State. The initiative is aimed at strengthening local cement production capacity to meet rising demand across Nigeria’s construction and infrastructure sectors.

According to a statement filed with the Nigerian Exchange Limited, the expansion will involve the integration of advanced dry-process production lines. These technical upgrades include the installation of preheater kilns, vertical raw mills, and roller presses for cement milling. The company expects these enhancements to significantly improve energy efficiency and operational performance across its manufacturing chain.

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has directed the immediate extension of the Airport Road to Tunga Madaki and surrounding communities. The directive aims to broaden road connectivity within the capital, opening up underserved satellite towns and alleviating traffic congestion across major transport corridors.

A comprehensive report released by the policy think tank Agora Policy has attributed Nigeria’s persistently high cement prices to deep-seated market concentration and a lack of effective competition. Despite achieving domestic self-sufficiency in cement production over a decade ago, the report highlights that Nigerian consumers continue to pay premium prices compared to other Sub-Saharan African nations, a trend that significantly hampers infrastructure development and the delivery of affordable housing.

_{^{Produced by: Amarachi Okeke}}