Nigeria Construction Industry Investigated in Timetric Report Recently Published at MarketPublishers.com04 Mar 2016 • by Natalie Aster
LONDON – The Nigerian construction industry is poised to continue expanding in the upcoming years given continuing investments in healthcare, infrastructure construction, education facilities, manufacturing units, and more. The country’s Vision 2020 will be one more important factor boosting the expansion.
An output value of the industry grew at a CAGR of just under 11.7 percent over the period 2011-2015, and it is expected to grow at a CAGR of approximately 9.5 percent through 2020.
The local government encourages investors from other countries to establish their manufacturing facilities through different programs. For instance, the Nigeria Industrial Revolution Plan and the National Enterprise Development Program were launched not so long ago.
The government also works on the expansion of the country’s rail network in order to improve economic development and encourage trade activity.
Besides, the government is interested in increasing a renewable energy’s share in the total energy mix of the country under the Renewable Energy Program.
The residential construction segment is also set to show certain growth in the years to come on the back of population growth and growing urbanization.
The infrastructure segment will also post growth since the government plans to enhance Nigerian sea-port facilities in order to make the country a maritime operational hub within Africa.
In-demand research report “Construction in Nigeria - Key Trends and Opportunities to 2020” prepared by Timetric offers insightful examination of the construction industry in Nigeria. The study provides a bird’s eye view of this industry. It covers all industry segments in detail and focuses on key trends and developments. The report contains a market data analysis and delves deep into the competitive environment. The research study profiles companies and contains historical and forecast data.
Construction in Nigeria - Key Trends and Opportunities to 2020
Published: February, 2016
Price: US$ 1,950.00
More cutting-edge research studies by our market research partner are available at Timetric page.