Nigeria’s construction sector market is projected to reach $127.7 billion by 2026, with yearly average growth rate of three per cent between 2023 and 2026, according to ABiQ.

ABiQ is one of the region’s leading business intelligence platforms that tracks active projects valued at over $6 trillion across Africa and the Middle East. It’s also a knowledge partner of dmg events, who are organisers of Big 5 Construct Nigeria, which returns to Lagos in September connecting 140 plus exhibitors with 8,000 construction professionals.

In a statement, dmg events said Nigeria boasts as Africa’s largest economy, surpassing $450 billion in Gross Domestic Product (GDP). It said Nigeria’s thriving construction sector drives GDP growth, fueled by improved economic conditions, higher oil revenues and significant government investment in infrastructure projects.

“With Big 5 Construct Nigeria, industry professionals get a chance to network and discover an abundance of business opportunities at the exhibition, according to the Senior Vice President – Construction, dmg events, Ben Greenish.

He said: “Big 5 Construct Nigeria is witnessing a remarkable increase in the presence of construction technology and digital construction companies, reflecting the industry’s growing emphasis on innovative solutions.

“Embracing technology not only signifies progress in the industry but also opens exciting possibilities for growth and efficiency of Nigeria’s construction sector. Some of the prominent names include Romanov Steel Detailing from the United Arab Emirates (UAE) and Stretford Hill from Nigeria.”

The forum will convene a comprehensive gathering of manufacturers, suppliers, and service providers, all in one place showcasing innovation and cutting-edge products & services in building interiors, finishes, materials and tools to Heating, Ventilation, Air Conditioning and Refrigeration (HVAC R), solar solutions, urban design landscaping, MEP services, digital construction and smart buildings.