Business
Summit to Drive Solutions for Nigeria’s $54bn Construction Industry
Nigeria’s construction sector is set to receive fresh attention as industry stakeholders converge at Big 5 Construct Nigeria, an event designed to sho...
By Wavers Multimedia
The development comes as Nigeria’s construction output was estimated at about $54bn in 2025, with the industry projected to grow by 3.1 per cent in 2026 and maintain an average annual growth rate of 3.2 per cent between 2027 and 2030, according to figures cited by the event organisers from Market Research and ResearchAndMarkets.
The organisers said continued spending on infrastructure, housing, industrial projects and manufacturing would remain important drivers of growth in the sector.
A major focus of the event will be on practical solutions that can help industry players overcome some of the difficulties affecting construction delivery, including rising costs, project management challenges, technology adoption and the need for more sustainable building practices.
The Federal Government’s plan to establish Building Materials Manufacturing Hubs across the country under the Renewed Hope Agenda is also expected to contribute to increased local production and stronger domestic supply chains.
According to the organisers, boosting local manufacturing could help reduce dependence on imported construction materials while easing some of the cost pressures facing developers and contractors.
Senior Vice President of dmg events, Josine Heijmans, said the gathering would provide an avenue for Nigerian construction companies and government authorities to connect with international suppliers and industry leaders.
She noted that continued investment in the sector was creating demand for new products, expertise and capabilities across the construction value chain.
The event will also feature Big 5 Talks, with more than 25 Continuing Professional Development-certified sessions covering areas including architecture, design, cost and commercial management, project management, sustainable building materials and façades.
The sessions are expected to examine practical issues throughout the construction lifecycle, including project delivery, digital adoption, cost control, interior finishes and sustainable construction.
With Nigeria’s construction industry expected to continue expanding, stakeholders believe greater access to technology, expertise, locally produced materials and innovative solutions will be essential to translating the sector’s growth potential into more efficient and sustainable projects.
The summit therefore provides an opportunity for industry participants to explore solutions while strengthening partnerships that could support the next phase of Nigeria’s construction development.