Nigeria’s construction sector grew by 4.5% in Q3 2023, contributing over 9% to national GDP, according to the National Bureau of Statistics. Cities like Lagos, Abuja, Port Harcourt, and Uyo are seeing a surge in real estate development, commercial builds, and infrastructure projects—signaling a sustained growth trajectory.
With an estimated 17 million housing unit deficit, demand for modern, affordable housing continues to outpace supply. Combined with reforms in land administration, increased public-private partnerships, and rising urbanization, construction has become one of Nigeria’s most investable and resilient industries. For professionals, investors, and policymakers, this sector offers long-term opportunities that are shaping the future of Nigeria’s economy.
Are you watching the trends or taking part in the growth? Share your thoughts below.