Construction in Nigeria

May 2026 | 39 pages | ID: CB0B1D25A71EN
MarketLine

Abstracts

Summary

Construction in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
• The Nigerian construction industry recorded a revenue of $53,755.1 million in 2025, representing a negative compound annual growth rate (CAGR) of 11.7% between 2020 and 2025.
• The non-residential segment accounted for the industry's largest proportion in 2025, with total revenue of $41,358.6 million, equivalent to 76.9% of the industry's overall value.
• In 2025, the Nigerian construction industry recorded an annual growth of 13.9%, driven by a rise in the urban population. For instance, according to GlobalData, in 2025, the urban population in Nigeria reached 132.4 million, up by 3.4%, compared to 128.0 million in 2024.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Nigeria
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Nigeria
• Leading company profiles reveal details of key construction market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria construction market with five year forecasts

Reasons to Buy

• What was the size of the Nigeria construction market by value in 2025?
• What will be the size of the Nigeria construction market in 2030?
• What factors are affecting the strength of competition in the Nigeria construction market?
• How has the market performed over the last five years?
• What are the main segments that make up Nigeria's construction market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis
2.3. Market trends
2.4. Regulatory landscape

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What are the recent developments in the industry?

8 COMPANY PROFILES

8.1. Julius Berger Nigeria Plc
8.2. Setraco Nigeria Ltd
8.3. Reynolds Construction Company (Nigeria) Ltd
8.4. Costain West Africa Plc

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Nigeria construction industry value: $ million, 2020-25
Table 2: Nigeria construction industry category segmentation: % share, by value, 2020-25
Table 3: Nigeria construction industry category segmentation: $ million, 2020-25
Table 4: Nigeria construction industry geography segmentation: $ million, 2025
Table 5: Nigeria construction industry value forecast: $ million, 2025-30
Table 6: Julius Berger Nigeria Plc: Key Facts
Table 7: Julius Berger Nigeria Plc: Annual Financial Ratios
Table 8: Julius Berger Nigeria Plc: Key Employees
Table 9: Setraco Nigeria Ltd: Key Facts
Table 10: Setraco Nigeria Ltd: Key Employees
Table 11: Reynolds Construction Company (Nigeria) Ltd: Key Facts
Table 12: Reynolds Construction Company (Nigeria) Ltd: Key Employees
Table 13: Costain West Africa Plc: Key Facts
Table 14: Nigeria Size of Population (Million), 2021-25
Table 15: Nigeria Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 16: Nigeria GDP (Current Prices, $ Billion), 2021-25
Table 17: Nigeria Inflation, 2021-25
Table 18: Nigeria Consumer Price Index (Absolute), 2021-25
Table 19: Nigeria Exchange Rate, 2020-25

List Of Figures

LIST OF FIGURES

Figure 1: Nigeria construction industry value: $ million, 2020-25
Figure 2: Nigeria construction industry category segmentation: $ million, 2020-25
Figure 3: Nigeria construction industry geography segmentation: % share, by value, 2025
Figure 4: Nigeria construction industry value forecast: $ million, 2025-30
Figure 5: Forces driving competition in the construction industry in Nigeria, 2025
Figure 6: Drivers of buyer power in the construction industry in Nigeria, 2025
Figure 7: Drivers of supplier power in the construction industry in Nigeria, 2025
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Nigeria, 2025
Figure 9: Factors influencing the threat of substitutes in the construction industry in Nigeria, 2025
Figure 10: Drivers of degree of rivalry in the construction industry in Nigeria, 2025