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Nigeria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)

Publisher GlobalData
Published Sep 30, 2025
Length 47 Pages
SKU # GBDT20511856

Description

Nigeria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)

Summary

The Nigerian construction industry’s growth is expected to grow by 4.3% in 2025, supported by a rise in construction loans, coupled with the government’s investment in housing and transport infrastructure projects. Moreover, the total credit to the transport and storage sector grew 15.7% YoY at the end of June 2025, according to the Central Bank of Nigeria (CBN). Similarly, the total credit to the oil and gas downstream industry and oil and gas upstream industry grew by 3.9% and 2.9% respectively, in YoY terms, over the same period.

The Nigerian construction industry is expected to register an average annual growth of 3.2% from 2026 to 2029, supported by investments in the infrastructure, housing, oil and gas, 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 mid-August 2025, the Federal government along with Nigerian innovation and investment company De-Sadal Consortium and Chinese investment holding company China Liancai Petroleum Investment Holdings announced the plan to construct a NGN108.2 trillion ($60 billion) 4,000km high-speed rail project in Nigeria. The project will be developed in three phases; of which the Western phase is scheduled to become operational by 2028. Growth will also be supported by the implementation of new Country Strategy Paper (2025-30) launched in March 2025, that focuses on two main areas: promoting sustainable, climate-smart infrastructure and advancing gender- and youth-inclusive green growth through industrialization.

GlobalData’s Construction in Nigeria - Key Trends and Opportunities to 2029 (Q3 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.
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 GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

47 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Nigeria, Key Economic Indicators
Table 3: Nigeria, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 4: Nigeria, Top Commercial Construction Projects by Value
Table 5: Nigeria, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Nigeria, Top Industrial Construction Projects by Value
Table 7: Nigeria, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Nigeria, Top Infrastructure Construction Projects by Value
Table 9: Nigeria, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Nigeria, Top Energy and Utilities Construction Projects by Value
Table 11: Nigeria, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Nigeria, Top Institutional Construction Projects by Value
Table 13: Nigeria, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Nigeria, Top Residential Construction Projects by Value
Table 15: Nigeria, Key Contractors
Table 16: Nigeria, Key Consultants
Table 17: Nigeria, Construction Output Value (Real, $ Million)
Table 18: Nigeria, Construction Output Value (Nominal, NGN Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Sub-Saharan Africa, Construction Output (Real % Change), 2023–29
Figure 2: Nigeria, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Nigeria, Risk Summary
Figure 4: Nigeria, Risk Regional Comparison
Figure 5: Nigeria, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Nigeria, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Nigeria, Construction Value-add (NGN Billion, 2019 Constant Prices)
Figure 8: Nigeria, Credit to the Construction Industry (NGN Billion)
Figure 9: Nigeria, Total oil Exports (NGN Billion)
Figure 10: Nigeria, Construction Projects Momentum Index
Figure 11: Sub-Saharan Africa, Construction Projects Momentum Index
Figure 12: Nigeria, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 13: Nigeria, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Nigeria, Accommodation and Food Services Value-add (NGN Million, 2019 Constant Prices)
Figure 15: Nigeria, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 16: Nigeria, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Nigeria, Manufacturing Value-add (NGN Billion, 2019 Constant Prices)
Figure 18: Nigeria, Cement Manufacturing Value-add (NGN Billion, 2019 Constant Prices)
Figure 19: Nigeria, Credit to the Manufacturing Industry (NGN Billion)
Figure 20: Nigeria, Total Export Value (NGN Billion)
Figure 21: Nigeria, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 22: Nigeria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Nigeria, Credit to the Transport and Storage Industry (NGN Billion)
Figure 24: Nigeria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 25: Nigeria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Nigeria, Telecommunications and Information Services Value-add (NGN Billion, 2019 Constant Prices)
Figure 27: Nigeria, Credit to the Oil and Gas Industry (NGN Billion)
Figure 28: Nigeria, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 29: Nigeria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Nigeria, Education Sector Value-add (NGN Million, 2019 Constant Prices)
Figure 31: Nigeria, Human Health and Social Services Value-add (NGN Million, 2019 Constant Prices)
Figure 32: Nigeria, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 33: Nigeria, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Nigeria, Real estate Value-add (NGN Billion, 2019 Constant Prices)
Figure 35: Nigeria, Credit to the Real Estate Industry (NGN Billion)
Figure 36: Nigeria, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Nigeria, Headquarters of Key Consultants (% of Total Project Pipeline)

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