Nigeria Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q2 2026)

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Published: June 29, 2026 Report Code: GDCN1881MR-ST

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GlobalData 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.

GlobalData’s 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:_x000D_
– The Nigerian construction industry's growth prospects by market, project type and construction activity_x000D_
– 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_x000D_
– 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_x000D_

Assess market growth potential at a micro-level with over 600 time-series data forecasts_x000D_

Understand the latest industry and market trends_x000D_

Formulate and validate business strategies using GlobalData's critical and actionable insight_x000D_

Assess business risks, including cost, regulatory and competitive pressures_x000D_

Evaluate competitive risk and success factors

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 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

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Nigeria, Key Economic Indicators

Table 3: Nigeria, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 4: Nigeria, Top Commercial Construction Projects by Value

Table 5: Nigeria, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 6: Nigeria, Top Industrial Construction Projects by Value

Table 7: Nigeria, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 8: Nigeria, Top Infrastructure Construction Projects by Value

Table 9: Nigeria, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

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

Table 11: Nigeria, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 12: Nigeria, Top Institutional Construction Projects by Value

Table 13: Nigeria, Residential Construction Output by Project Type (Real % Change), 2021–30

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: GlobalData Construction Market Definitions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Sub-Saharan Africa, Construction Output (Real % Change), 2024–30

Figure 2: Nigeria, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Nigeria, Risk Summary

Figure 4: Nigeria, Risk Regional Comparison

Figure 5: Nigeria, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Nigeria, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Nigeria, Construction Value-add (NGN Billion, 2019 Constant Prices)

Figure 8: Nigeria, Credit to the Construction Industry (NGN Billion)

Figure 9: Nigeria, Construction Projects Momentum Index

Figure 10: Sub-Saharan Africa, Construction Projects Momentum Index

Figure 11: Nigeria, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

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

Figure 13: Nigeria, Accommodation and Food Services Value-add (NGN Million, 2019 Constant Prices)

Figure 14: Nigeria, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

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

Figure 16: Nigeria, Credit to the Manufacturing Industry (NGN Billion)

Figure 17: Nigeria, Cement Manufacturing Value-add (NGN Billion, 2019 Constant Prices)

Figure 18: Nigeria, Manufacturing Value-add (NGN Billion, 2019 Constant Prices)

Figure 19: Nigeria, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 20: Nigeria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 21: Nigeria, Credit to the Transport and Storage Industry (NGN Billion)

Figure 22: Nigeria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 23: Nigeria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 24: Nigeria, Telecommunications and Information Services Value-add (NGN Billion, 2019 Constant Prices)

Figure 25: Nigeria, Credit to the Oil and Gas Industry (NGN Billion)

Figure 26: Nigeria, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 27: Nigeria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: Nigeria, Education Sector Value-add (NGN Million, 2019 Constant Prices)

Figure 29: Nigeria, Human Health and Social Services Value-add (NGN Million, 2019 Constant Prices)

Figure 30: Nigeria, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 31: Nigeria, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Nigeria, Real estate Value-add (NGN Billion, 2019 Constant Prices)

Figure 33: Nigeria, Credit to the Real Estate Industry (NGN Billion)

Figure 34: Nigeria, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 35: Nigeria, Headquarters of Key Consultants (% of Total Project Pipeline)

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