Nigeria Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Pages: 47 Published: December 09, 2022 Report Code: GDCN1048MR

Nigeria Construction Market Report Overview

The Nigeria construction market size was $127.7 billion in 2021. The market is projected to achieve an AAGR of more than 3% during 2023-2026. The industry’s output in 2022 will be supported by investments in transport, electricity, water and sewage, and housing infrastructure projects as part of the National Development Plan 2021–2025, which was unveiled in December 2021. The plan focuses on economic rejuvenation including strengthening industrialization and alleviating poverty.

The Nigeria construction market research report provides detailed market analysis, information, and insights into the Nigeria construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Nigeria construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Nigeria Construction Market Outlook

Nigeria Construction Market Outlook

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Nigeria Construction Market Segmentation by Sectors

The key sectors in the Nigeria construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. As part of the National Development Plan 2021–25, the government has committed to reform the tourism sector, partner with the private sector, and support local retail and distribution channels. Under this plan, it will invest in the creative sector and tourism sector by 2025.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The industrial construction sector is expected to continue to expand steadily. The government’s “100 for 100 Policy on Production and Productivity (PPP)” will stimulate investment in the manufacturing sector.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector’s growth will be supported by the government’s focus on prioritizing infrastructure spending to catalyze rapid economic development. In the latest budget, the government allocated a budget to the Ministry of Works & Infrastructure for the construction and rehabilitation of roads, for ongoing railway projects, and for the construction and renovation of bridges.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s output over the forecast period will be supported by the acceleration of work on several energy projects. In its latest budget, the government allocated a budget to the power sector for the construction of transmission projects and for the completion of renewable energy interventions and Rural Electrification projects.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s output over the forecast period will be supported by the increase in investment in healthcare infrastructure, coupled with the government’s ongoing efforts to develop and expand the country’s educational infrastructure.

Residential construction: The project types in this sector include single-family housing and multi-family housing. Output in the sector will be supported by public and private investments in housing projects to address the country’s housing deficit. The sector’s output will also be supported by the development of accessible housing units, along with additional investments by regional governments.

Nigeria Construction Market Analysis, by Sectors

Nigeria Construction Market Analysis, by Sectors

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Nigeria Construction Market - Competitive Landscape

The leading contractors in the Nigeria construction market are Julius Berger Nigeria Plc, China Railway Construction Corporation Group, Haliburg Group, Eni SpA, Daewoo Engineering & Construction Co Ltd, Chiyoda Corp, China Petroleum Engineering Co Ltd, Setraco Group, SBI International Holdings AG, and General Constructions Co Ltd.

Nigeria Construction Market, by Contractors

Nigeria Construction Market, by Contractors

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The leading consultants in the Nigeria construction market are Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Worley Ltd, Arcadis NV, IAF Capital Ltd, Mott MacDonald Group Ltd, Crestech Engineering Ltd, TechnipFMC Plc, TEAM Group, Frazimex Ltd, and Fugro NV.

Nigeria Construction Market, by Consultants

Nigeria Construction Market, by Consultants To know more about the Nigeria construction market consultants, download a free report sample

Nigeria Construction Market Report Overview

Market Size (2021) $127.7 billion
AAGR (2023-2026) >3%
Key Sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Leading Contractors Julius Berger Nigeria Plc, China Railway Construction Corporation Group, Haliburg Group, Eni SpA, Daewoo Engineering & Construction Co Ltd, Chiyoda Corp, China Petroleum Engineering Co Ltd, Setraco Group, SBI International Holdings AG, and General Constructions Co Ltd
Leading Consultants Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Worley Ltd, Arcadis NV, IAF Capital Ltd, Mott MacDonald Group Ltd, Crestech Engineering Ltd, TechnipFMC Plc, TEAM Group, Frazimex Ltd, and Fugro NV

Scope

This report provides:

  • A comprehensive analysis of the construction industry in Nigeria
  • Historical and forecast 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 GlobalData’s 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 strategy 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

Table of Contents

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 COVID-19 Status

3.5 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

7.4 GlobalData Construction

Contact Us

List of Tables

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), 2017-26

Table 4: Nigeria, Top Commercial Construction Projects by Value

Table 5: Nigeria, Industrial Construction Output by Project Type (Real % Change), 2017-26

Table 6: Nigeria, Top Industrial Construction Projects by Value

Table 7: Nigeria, Infrastructure Construction Output by Project Type (Real % Change), 2017-26

Table 8: Nigeria, Top Infrastructure Construction Projects by Value

Table 9: Nigeria, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26

Table 10: Nigeria, Top Energy and Utilities Construction Projects by Value

Table 11: Nigeria, Institutional Construction Output by Project Type (Real % Change), 2017-26

Table 12: Nigeria, Top Institutional Construction Projects by Value

Table 13: Nigeria, Residential Construction Output by Project Type (Real % Change), 2017-26

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

List of Figures

Figure 1: Sub-Saharan Africa, Construction Output (Real % Change), 2020-26

Figure 2: Nigeria, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

Figure 3: Nigeria, COVID-19 Confirmed Cases

Figure 4: Nigeria, Risk Summary

Figure 5: Nigeria, Risk Regional Comparison

Figure 6: Nigeria, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26

Figure 7: Nigeria, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 8:Nigeria, Construction Value Add (NGN Billion, 2010 Constant Prices)

Figure 9: Nigeria, Construction Projects Momentum Index

Figure 10: Region, Construction Projects Momentum Index

Figure 11: Nigeria, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 12: Nigeria, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 13: Nigeria, Accommodation and Food Services Value Add (NGN Million, 2010 Constant Prices)

Figure 14: Nigeria, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 15: Nigeria, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Nigeria, Manufacturing Value Add (NGN Billion, 2010 Constant Prices)

Figure 17: Nigeria, Total Export Value (NGN Billion)

Figure 18: Nigeria, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

Figure 19: Nigeria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 20: Nigeria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

Figure 21: Nigeria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: Nigeria, Telecommunications and Information Services Value Add (NGN Billion, 2010 Constant Prices)

Figure 23: Nigeria, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 24: Nigeria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: Nigeria, Education Sector Value Add (NGN Million, 2010 Constant Prices)

Figure 26: Nigeria, Human Health and Social Services Value Add (NGN Million, 2010 Constant Prices)

Figure 27: Nigeria, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 28: Nigeria, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: Nigeria, Real Estate Value Add (NGN Billion, 2010 Constant Prices)

Figure 30: Nigeria, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 31: Nigeria, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in Nigeria was valued at $127.7 billion in 2021.

The construction market in Nigeria is projected to achieve an AAGR of more than 3% during 2023-2026.

The key sectors in the Nigeria construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

The leading contractors in the Nigeria construction market are Julius Berger Nigeria Plc, China Railway Construction Corporation Group, Haliburg Group, Eni SpA, Daewoo Engineering & Construction Co Ltd, Chiyoda Corp, China Petroleum Engineering Co Ltd, Setraco Group, SBI International Holdings AG, and General Constructions Co Ltd.

The leading consultants in the Nigeria construction market are Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Worley Ltd, Arcadis NV, IAF Capital Ltd, Mott MacDonald Group Ltd, Crestech Engineering Ltd, TechnipFMC Plc, TEAM Group, Frazimex Ltd, and Fugro NV.

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