The analyst expects the Nigerian construction industry to expand by 3.1% in real terms in 2026, supported by increasing investments in manufacturing, mining and transport infrastructure projects, coupled with the government’s commitment to provide affordable housing. According to the National Bureau of Statistics (NBS), Nigeria’s real estate business activities, in value-added terms rose by 3.4% year-on-year (YoY) in Q4 2025, preceded by a YoY growth of 3.5% in Q3 and 3.8% in Q2 2025. Moreover, the Lagos State Government, in January 2026, announced its plan to complete approximately 14,000 housing units by the end of 2026, as part of addressing Nigeria’s housing deficit, which stood at 14.9 million housing units at the end of 2025. The industry’s growth in 2026 will also be supported by investments as part of the 2026 Budget. Some major allocations include NGN3.6 trillion ($2.4 billion) for the country’s transport projects, NGN3.5 trillion ($2.3 billion) for education infrastructure, and NGN2.5 trillion ($1.6 billion) for the healthcare sector.
Over the remainder of the forecast period, the Nigerian construction industry is expected to register an average annual growth of 3.2% from 2027 to 2030, supported by investments in transport and energy infrastructure projects, coupled with mineral processing plant and mining projects. Nigeria’s strategic shift towards industrialization by providing aggressive fiscal incentives for both mining and manufacturing sectors, will also drive investments in the industrial sector. Moreover, according to the Nigerian federal government, passenger traffic in Nigeria’s aviation sector is projected to reach 25.7 million by 2029, from 15.9 million in 2023. In line with this, the Nigerian government is heavily upgrading and modernizing its airport infrastructure. To address increasing capacity needs, several high-value initiatives are underway, such as the ongoing NGN712 billion ($472.5 million) rehabilitation of Lagos Murtala Muhammed International Airport (MMIA), which is planned for completion in 2028, and the expansion of Nnamdi Azikiwe International Airport (NAIA) in Abuja, which is expected to be completed in 2027.
Over the remainder of the forecast period, the Nigerian construction industry is expected to register an average annual growth of 3.2% from 2027 to 2030, supported by investments in transport and energy infrastructure projects, coupled with mineral processing plant and mining projects. Nigeria’s strategic shift towards industrialization by providing aggressive fiscal incentives for both mining and manufacturing sectors, will also drive investments in the industrial sector. Moreover, according to the Nigerian federal government, passenger traffic in Nigeria’s aviation sector is projected to reach 25.7 million by 2029, from 15.9 million in 2023. In line with this, the Nigerian government is heavily upgrading and modernizing its airport infrastructure. To address increasing capacity needs, several high-value initiatives are underway, such as the ongoing NGN712 billion ($472.5 million) rehabilitation of Lagos Murtala Muhammed International Airport (MMIA), which is planned for completion in 2028, and the expansion of Nnamdi Azikiwe International Airport (NAIA) in Abuja, which is expected to be completed in 2027.
The Construction in Nigeria - Country Briefing (H1 2026) 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.
Report 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
