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CONSTRUCTION

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Nigeria’s construction sector is an important contributor to the country’s economic growth, accounting for about 4% of GDP. The sector is driven by government infrastructure projects and private investment in real estate development. However, the sector faces challenges such as inadequate funding and delays in project implementation. There are opportunities for investment in areas such as affordable housing, infrastructure development, and public-private partnerships. Nigeria’s construction trade value is relatively low, but there is potential for growth in the domestic market. Competitive advantage in this sector includes a large and growing population, a need for infrastructure development, and a supportive regulatory environment. Shared value in this sector includes job creation, infrastructure development, and sustainable urbanization.