The analyst expects the Nigerian construction industry to grow by 4.1% in real terms in 2026, supported by a rise in Foreign Direct Investment (FDI) along with government investments in infrastructure projects. According to the National Bureau of Statistics (NBS), the construction industry’s value add rose by 6.4% Year-on-Year (YoY) in Q1 2026 and has recorded average growth of 5.8% during the last eight quarters. The growth rate is expected to decelerate in the remaining part of 2026 owing to a rise in inflation following the start of the Middle East war. Annual inflation rose to 15.7% in April, marking the second consecutive monthly increase after previously falling for several months. Moreover, the total FDI in the country grew by 7% YoY in Q1 2026, reaching NGN203.6 billion ($135.1 million). In May 2026, the government highlighted key construction projects under execution across the country, which include ongoing construction of more than 2,700km of highways and major roads, such as the Lagos-Calabar Coastal Highway, the Sokoto-Badagry Superhighway, the Abuja-Kaduna-Zaria-Kano corridor, and the East-West Road. In the housing segment, a total of 10,000 housing units are under construction across 14 states, including Abuja, Lagos, and Kano.
Over the remainder of the forecast period, the Nigerian construction industry is expected to register an average annual growth of 3.3% from 2027 to 2030, supported by investments in transport and energy projects, bolstered by the government’s plan to attract approximately NGN739.3 trillion ($410 billion) in renewable energy investments by 2060, along with the development of 277GW of installed renewable capacity by the same year. To support this, in May 2026, the government signed an agreement with the US based energy company Maverick Energy valued at NGN2.3 trillion ($1.5 billion) for the construction of 460MW Grand Katsina-Ala hydropower plant in Benue through a 35-year FBOT (Design, Finance, Build, Operate, and Transfer) framework. Also, in May 2026, the Enugu state government announced that the construction of a coal fired power plant in the state is expected to start in the second half of 2026, with the project expected to be completed by 2028 with an installed capacity of 660MW.
Over the remainder of the forecast period, the Nigerian construction industry is expected to register an average annual growth of 3.3% from 2027 to 2030, supported by investments in transport and energy projects, bolstered by the government’s plan to attract approximately NGN739.3 trillion ($410 billion) in renewable energy investments by 2060, along with the development of 277GW of installed renewable capacity by the same year. To support this, in May 2026, the government signed an agreement with the US based energy company Maverick Energy valued at NGN2.3 trillion ($1.5 billion) for the construction of 460MW Grand Katsina-Ala hydropower plant in Benue through a 35-year FBOT (Design, Finance, Build, Operate, and Transfer) framework. Also, in May 2026, the Enugu state government announced that the construction of a coal fired power plant in the state is expected to start in the second half of 2026, with the project expected to be completed by 2028 with an installed capacity of 660MW.
The Construction in Nigeria - Key Trends and Opportunities to 2030 (Q2 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.
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
