GlobalData: Nigerian construction industry set to return to growth in 2021
Advertisement The Nigerian construction industry is expected to rebound in 2021, driven by a sharp recovery in output levels compared to periods when works were not permitted or were severely restricted in 2020. GlobalData, a leading data and analytics company, expects the industry to grow by 4% in 2021 and grow at an annual average rate of 2.8% thereafter, to reach US$48.2 billion in 2025, measured at constant 2017 US dollar exchange rates. GlobalData’s report, ‘Construction in Nigeria – Key Trends and Opportunities to 2025 (Q1 2021)’ reveals that growth in 2020 had been impacted by ...