Nigeria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q3 2026)
Summary
The construction industry in Nigeria is expected to grow by 5.6% in real terms in 2026, supported by investments in industrial, transportation and energy projects. Growth in the construction industry will also be driven by a combination of federal initiatives, public-private partnerships (PPPs), and substantial foreign direct investments (FDIs). Furthermore, Nigeria also aims to build a NGN1.5 quadrillion ($1 trillion) economy by 2030, which involves increasing the manufacturing sector’s contribution to the GDP from approximately 9% in 2024 to 25% by 2035 and the mining contribution to GDP from 5.5% to 10%, over the same period. The government is also implementing a new fiscal procedure to unlock up to NGNXX.XX trillion ($XX.XX billion) in private investments in deep offshore oil and gas projects, with the aim to boost domestic production and refining capabilities. However, over the short term, the Nigerian construction is expected to be impacted by the rising construction material costs and political uncertainty surrounding the upcoming 2027 election.Over the remainder of the forecast period, the Nigerian construction industry is expected to grow at an average annual rate of 3.6% between 2027 and 2030, supported by public and private investment in road and rail transport projects, coupled with renewable energy investment. In June 2026, the Nigerian Federal government approved 27 road projects across 15 states. Estimated to cost approximately NGN3.9 trillion ($2.6 billion), some of the key projects approved include NGN1.8 trillion ($1.2 billion) 409km dual carriageway project in Niger State, and NGN276 billion ($183.1 million) dualization of the Ilorin-Ogbomoso Road. Investments in the energy construction sector, during the forecast period, will be driven by the government’s aim to reach 30GW of electricity capacity by 2030, with approximately 30% generated from renewable energy sources.
The analyst’s Construction in Nigeria - Key Trends and Opportunities to 2030 (Q3 2026) report provides detailed market analysis, information, and insights into Nigeria’s construction industry, including:
- Nigeria’s 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 Nigeria’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
- This report provides a comprehensive analysis of the construction industry in Nigeria. It provides:
- Historical (2021-2025) and forecast (2026-2030) 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 our 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 business strategies 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
