Tax moratorium on critical building materials ‘ll reduce property prices – Bilaad

Bilaad Realty, one of Nigeria’s leading property construction company has advocated a tax moratorium on critical building materials imported into the country, adding that it will aid in reducing the high cost of properties in the country. The Chairman of the Board of Directors of Bilaad Realty is Dr. Sadiq Suleiman Abdullahi made the disclosure […]

Bilaad Realty, one of Nigeria’s leading property construction company has advocated a tax moratorium on critical building materials imported into the country, adding that it will aid in reducing the high cost of properties in the country.

The Chairman of the Board of Directors of Bilaad Realty is Dr. Sadiq Suleiman Abdullahi made the disclosure in Abuja over the weekend at the inauguration of Dr. Emmanuel Bassi Usman as the new Chief Executive Officer of the company

He noted several factors including rural to urban migration, inflation and government policies as one of the driving property cost.

He said in 1980, Nigeria’s population was 75 million compared to 2025 where the country has over 200 million people with no significant addition to housing units.

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“Rural and urban migration has been on the rise as people continue to search for greener pastures, to access land is also cumbersome and capital intensive then the most concerning is the taxes of import component of building materials which is the driving force

“Therefore if government can grant private developers tax moratorium on the inport component of building material and partner with us, it will go a long way in reducing prices,”

He said the new leadership of the company is part of strategies to realign and provide more sustainability, while commending the outgoing CEO, Engr. Aliyu Aliyu for the work he has put into driving the company’s visibility.

Also speaking the incoming CEO of Bilaad Realty said his plan for growth will be anchored on four pillars which are continuity, innovation, and strategic relationships

On the plans for the company, he said “We must grow our portfolio, strengthen our financial sustainability, invest in research and development, and, most importantly, put our people first. Employee welfare will remain a top priority because our people are the true drivers of innovation and excellence,”