Nigeria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)
Description
Nigeria Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)
Summary
GlobalData 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.
GlobalData’s 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 -
This report provides a comprehensive analysis of the construction industry in Nigeria. It provides -
Summary
GlobalData 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.
GlobalData’s 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.
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
- 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
49 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 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, Credit to the Manufacturing Industry (NGN Billion)
- Figure 18: Nigeria, Cement Manufacturing Value-add (NGN Billion, 2019 Constant Prices)
- Figure 19: Nigeria, Manufacturing Value-add (NGN Billion, 2019 Constant Prices)
- 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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