The analyst expects construction industry in Nigeria to grow by 5.3% in real terms in 2025 and 3.1% in 2026, supported by government investments in housing and transport infrastructure projects, coupled with increase in construction loans. According to the National Bureau of Statistics (NBS), the total credit to the transport and storage sector grew by 16.5% year-on-year (YoY) at the end of October 2025, growth of 31.8% at the end of 2024. Moreover, the construction industry’s value-add grew by 5.6% YoY in Q3 2025, preceded by YoY growths of 5.3% in Q2 and 6.2% in Q1 2025, according to NBS.
The Nigerian construction industry is expected to register an average annual growth of 3.1% from 2027 to 2029, supported by investments in the transport infrastructure, and housing projects, coupled with the government target of increasing the share of renewable energy in the total electricity mix from 13.5GW in 2021 to 30GW by 2030. In early December 2025, Benue State Governor, Hyacinth Iormem Alia announced a major rural infrastructure and development initiative under the Benue Rural Access and Agricultural Marketing Project (RAAMP). The state plans to construct 500km of rural roads, 78 culverts and bridges, warehouses, Information and Communications Technology (ICT) centers, and solar-powered water facilities, with NGN15.1 billion ($27.2 million) allocated from EIB during early December 2025 for Benue as part of a NGN90.6 billion ($163.4 million) fund shared among six states. In October 2025, the government announced its plan to attract over NGN739.3 trillion ($410 billion) in renewable energy investments by 2060, aiming to establish itself as Africa’s leader in clean energy. The initiative targets 277GW of installed renewable capacity and seeks to address energy poverty affecting over 100 million Nigerians.
The Nigerian construction industry is expected to register an average annual growth of 3.1% from 2027 to 2029, supported by investments in the transport infrastructure, and housing projects, coupled with the government target of increasing the share of renewable energy in the total electricity mix from 13.5GW in 2021 to 30GW by 2030. In early December 2025, Benue State Governor, Hyacinth Iormem Alia announced a major rural infrastructure and development initiative under the Benue Rural Access and Agricultural Marketing Project (RAAMP). The state plans to construct 500km of rural roads, 78 culverts and bridges, warehouses, Information and Communications Technology (ICT) centers, and solar-powered water facilities, with NGN15.1 billion ($27.2 million) allocated from EIB during early December 2025 for Benue as part of a NGN90.6 billion ($163.4 million) fund shared among six states. In October 2025, the government announced its plan to attract over NGN739.3 trillion ($410 billion) in renewable energy investments by 2060, aiming to establish itself as Africa’s leader in clean energy. The initiative targets 277GW of installed renewable capacity and seeks to address energy poverty affecting over 100 million Nigerians.
The Construction in Nigeria - Key Trends and Opportunities to 2029 (Q4 2025) 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 (2020-2024) and forecast (2025-2029) 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
