The Construction in Nigeria - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into the Nigerian construction industry, including :
- The Nigerian construction industry's growth prospects by market, project type, and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Nigerian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
From 2025 to 2028, the Nigerian construction industry is expected to register an average annual growth of 3.1%, supported by investment in electricity, transport, manufacturing, housing, and oil and gas sectors. The industry’s growth will be supported by the NGN7.7 trillion ($9.1 billion) National Development Plan 2021-25, under which, the government sets out multilateral increases in the length of the total paved network, the country’s cargo handling capacity and aviation passenger traffic, and the percentage of road network under scheduled maintenance and repair. Furthermore, the government aims to diversify total energy consumption towards renewable electricity, from 13% (2015) to 23% (2025) to 36% (2030), under the Renewable Energy Master Plan (REMP). Growth will also be supported by the “National Automotive Industry Development Plan” (NADIP) 2023-2033, pertaining a target increase in Nigerian vehicles production, of which 30% will be Electric Vehicles (EVs), generating one million jobs over the ten year-period.
Scope
This report provides a comprehensive analysis of the construction industry in Nigeria. It provides :
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Nigeria, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the analyst's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
