Market Research Report Nigeria Construction Industry Trends Report 2017

Nigeria Construction Industry Trends, Opportunities
and Market Report 2021
Market Research Hub (MRH) has recently announced the addition of a fresh report,
titled “Construction in Nigeria, Key Trends and Opportunities to 2021” to its report
offerings. The report provides detailed market analysis, information and insights into
the Nigerian construction industry, including: The Nigerian construction industry's
growth prospects by market, project type and construction activity. Analysis of
equipment, material and service costs for each project type in Nigeria.
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http://www.marketresearchhub.com/enquiry.php?type=S&repid=1067978
Synopsis
In real terms, the Nigerian construction industry registered positive growth during
the review period (20122016). However, construction activity was weak during 2016
as the economy slipped into recession. Consequently, the industrys output value in
real terms rose at a compound annual growth rate (CAGR) of 6.16% during the
review period.
The industry is expected to expand slowly over the forecast period (20172021), with
performance expected to remain negative during 2017 due to the prevailing
economic crisis.
However, government efforts to revitalize the economy by focusing on developing
the countrys infrastructure, energy and residential sectors are expected to contribute
to the industrys gradual growth over the forecast period.