The Nigeria construction market attained a value of USD 35.71 Billion in 2025 and is projected to expand at a CAGR of around 3.90% through 2035. The growth in the market is supported by heightened investments in infrastructure, for both residential, and industrial projects, as well as government policy and funding frameworks. This in turn is pushing the industry to garner a value of USD 52.35 Billion by 2035.
The Nigeria market for construction is in a transformative period, led by strategic infrastructure investments, urbanization, and public-private partnerships. This development is fuelled by massive projects like the USD 652 million road corridor linking the Lekki Deep Sea Port and Dangote Refinery to southern states.
Government efforts, such as the approval of massive funding packages and construction law reforms, are creating a favourable environment for growth, thereby boosting the growth of the Nigeria construction market. Also, the implementation of new construction methods and materials is improving efficiency and sustainability within the industry. For example, In February 2025, the government endorsed N4.2 trillion (~USD 6 billion) for multiple bridges and highways, including Lagos-Calabar Coastal Highway, built using reinforced concrete to enhance longevity. Approved under the PPP framework, this signals the nation’s shift toward sustainable construction methods and efficiency, as well as a more favourable regulatory environment that attracts private investment and improves execution standards.
In 2024, Nigeria's construction sector saw immense improvements in sustainable building. Researchers at the Federal University of Technology, Akure, came up with a new technique by adding crushed periwinkle shells to sandcrete blocks. The technique not only saves money on construction but also increases the strength of building materials, which solves both economic and environmental problems. With Nigeria still grappling with its infrastructure shortages and housing requirements, the construction industry remains central to the country's economic growth and development.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
3.9%
Value in USD Billion
2026-2035
*this image is indicative*
| Nigeria Construction Market Report Summary |
Description |
Value |
|
Base Year |
USD Billion |
2025 |
|
Historical Period |
USD Billion |
2019-2025 |
|
Forecast Period |
USD Billion |
2026-2035 |
|
Market Size 2025 |
USD Billion |
35.71 |
|
Market Size 2035 |
USD Billion |
52.35 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
3.90% |
|
CAGR 2026-2035 - Market by Material |
New Construction |
4.3% |
|
CAGR 2026-2035 - Market by End Use |
Residential |
4.3% |
The Nigerian government's dedication to infrastructure development is reflected through massive investments and policy changes. Significantly, the endorsement of a USD 652 million financing package from China Exim Bank for the development of a critical road project reflects this dedication. [1] Such projects are designed to improve connectivity, drive economic activities, and meet infrastructure gaps in the country, thus promoting the Nigeria construction market development.
The use of modern construction technologies is transforming the sector. Companies are now using Building Information Modeling (BIM), prefabrication, and eco-friendly materials to enhance efficiency and save costs. These innovations are making project completion quicker and ensuring improved quality levels, augmenting Nigeria's construction industry to align with international benchmarks.
Rapid urbanization is increasing the need for residential and commercial spaces in Nigeria. The government's intention to construct 550,000 new houses every year for the next ten years at an investment cost of NGN 5.5 trillion points towards the dedication to fill the housing gap. This need is propelling expansion in the construction industry, especially in urban areas, thus shaping new trends in the Nigeria construction market.
Nigeria's construction sector is drawing substantial foreign direct investment, much of which is coming from China. The USD 1.2 billion deal with China's CNCEC to upgrade a strategic gas processing plant is an example. The investments are boosting the capacity of the sector as well as bringing in cutting-edge technologies and talent.
In 2024, Nigeria implemented significant regulatory reforms to enhance transparency and streamline project approvals in the construction sector. A notable example is the development of Snake Island Port in Lagos, which received approval from the Federal Executive Council in May 2023 and entered a 45-year concession agreement with the Nigerian Ports Authority in November 2024. This project is expected to attract approximately $1 billion in foreign direct investment, highlighting the positive impact of these reforms on investor confidence and infrastructure development.
The EMR’s report titled “Nigeria Construction Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Construction Type
Key Insight: Key Insight: By construction type, new constructions dominate the Nigeria construction market, driven by large-scale housing programs like the 550,000-unit annual housing plan, ongoing transport corridor expansions, and private sector investments in residential and commercial real estate across urban growth centers. At the same time, renovations are increasingly becoming popular, especially in urban areas such as Lagos and Abuja, as a result of modernizing old infrastructure and converting existing structures. Both segments are experiencing increased demand for sustainable materials and efficient project delivery strategies, facilitated by public-private partnerships and growing government expenditure.
Market Breakup by End Use
Key Insight: By end use, the residential sector dominates Nigeria's construction industry, driven by a housing deficit and growing urban migration. Commercial developments, such as retail outlets and office buildings, are rising steadily with the help of foreign investments and economic diversification. Industrial and institutional building, such as factories and schools, is also on the rise, especially in emerging economic hubs, thereby boosting the Nigeria construction market expansion. This end-use diversification indicates Nigeria's wide range of infrastructure requirements and the active participation of both government and private developers.
|
CAGR 2026-2035 - Market by |
End Use |
| Residential |
4.3% |
| Commercial |
XX% |
New construction leads Nigeria’s growth, backed by major infrastructure projects.
New construction dominates the Nigeria construction industry, driven by a large number of infrastructure projects like the Lagos Blue Line and the expansion of the Dangote Refinery. Both the government and private sector remain focused on developing new roads, residential estates, and bridges, making this segment the key driving factor of Nigeria construction market growth.
Renovation work also continues to be important, with signature projects such as the National Arts Theatre renovation in Lagos reflecting the nation's focus on protecting cultural heritage and developing aging buildings. Renovation projects are rapidly growing in Nigeria, particularly in urban areas. The NGN 100 billion renovation of the National Assembly Complex in Abuja (restarted in 2024 after delays) illustrates this trend. Lagos also saw increased retrofitting of older commercial buildings into green-certified spaces, driven by energy efficiency goals. These developments reflect a rising demand for sustainable upgrades and the modernization of aging infrastructure, especially in key cities where land scarcity limits new construction opportunities. The market is fuelled by minor works and maintenance, boosting infrastructure lifespan and operational performance.
Residential construction drives demand, followed by commercial, industrial, and institutional projects.
The residential segment constitutes the core of end-use demand for Nigeria's building sector, spurred by rising urbanization and housing schemes. High-profile projects such as Bloom Towers and housing within the Lekki Free Trade Zone mirror this aggressive growth. Commercial building also contributes substantially, driven by projects such as the Abuja World Trade Center and Jabi Lake Mall that meet rising demand for office and retail space. The manufacturing sector is favoured by massive investment in large infrastructure like the Dangote Refinery, thereby boosting Nigeria construction demand growth.
Institutional building, as smaller in magnitude, is equally important for increasing public services such as schools and hospitals like the Armed Forces Invictus Centre in Abuja. Institutional construction is expanding rapidly, supported by government investments in public service infrastructure. In 2024, Nigeria allocated NGN 1.54 trillion to education and NGN 1.02 trillion to healthcare. Projects such as the Armed Forces Invictus Centre in Abuja and the National Library rehabilitation demonstrate efforts to boost civic infrastructure. This focus on social services is driving growth in institutional construction, especially in underserved regions seeking better access to education and healthcare.
The construction industry in Nigeria is dominated by a combination of domestic and foreign firms competing on quality, innovation, and project execution. Nigeria construction market players are using new technologies and partnerships to strengthen their market positions. Emphasis on large-scale infrastructure development and urbanization is intensifying competition, compelling firms to use sustainable practices and cost-effective construction methods. Nigeria construction companies are increasingly embracing digital twin technology, a simulated copy of physical assets, to maximize project efficiency and sustainability. Groundbreaking work by experts, such as Christian Abugu, has seen real-time monitoring and predictive analysis helping in lowering costs and enhancing decision-making. Abugu's studies, combining Building Information Modeling (BIM) with Digital Twin applications, have shown impressive performance in commercial and government projects, ushering in a revolutionary change in Nigeria's construction industry.
Founded in 2004 and headquartered in Lagos, Dutum Group is well-known for its engineering expertise and extensive construction capabilities. It engages in road works, residential estates, and institutional buildings, adding to Nigeria's infrastructure with high regard for quality and timely delivery.
Established in 1965 with its headquarters in Abuja, Julius Berger is a leading construction company delivering roads, bridges, industrial complexes, and public infrastructure. It is well known for its contribution to Nigeria's infrastructural development, such as projects in Rivers State and Abuja.
Established in 1988 and headquartered in Abuja, Megastar deals in high-end construction services in the government and corporate sectors. Signature projects encompass the Nigerian Content Tower and judiciary complexes, delivering competence in multi-storeyed buildings and intricate architectural designs.
Based in Cairo and established in Nigeria in the 1990s, the firm works on roads, waterworks, and building. Some of its major Nigerian projects are the reconstruction of the OWERRI-ELELE Road and the Lagos State House, which demonstrate a history of strong civil engineering delivery.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the report include Cappa and D’Alberto Ltd, ITB Nigeria Limited, Elalan Construction Company, Setraco Nigeria Limited, and Craneburg Construction Company, among others.
Stay ahead in Nigeria’s evolving construction landscape with our data-driven market report (2026–2035). Download your free sample today to explore growth drivers, project pipelines, and strategic opportunities. Essential reading for construction companies, real estate developers, and infrastructure investors.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the Nigeria construction market reached an approximate value of USD 35.71 Billion.
The market is projected to grow at a CAGR of 3.90% between 2026 and 2035.
The key players in the market includes Dutum Group Construction Company, Julius Berger Nigeria Plc, Megastar Technical and Construction Company, The Arab Contractors (Osman Ahmed Osman & Co.), Cappa and D’Alberto Ltd, ITB Nigeria Limited, Elalan Construction Company, Setraco Nigeria Limited, Craneburg Construction Company, among others.
The residential segment by end use is gaining traction and anticipated to expand with a 7.4% CAGR through 2035.
Some of the key strategies include public-private partnerships, use of new construction technologies, foreign direct investment, regulatory reforms, and infrastructure development through government-sponsored mega projects to drive economic growth and urban development.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Construction Type |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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