Construction in Nigeria - Key Trends and Opportunities to 2020

Published: Feb, 2016 | Pages: 69 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis
The Nigerian construction industry will continue to expand over the forecast period (2016-2020), with investment in infrastructure construction, healthcare, manufacturing plants, education facilities and housing projects continuing to drive growth. 

The expansion will also be supported by the country's Vision 2020, under which the government aims to develop the country's road, rail, airport and other related infrastructure.

In real terms, the industry's output value increased at a compound annual growth rate (CAGR) of 11.68% during the review period (2011-2015), and is estimated to grow at a CAGR of 9.49% over the forecast period, due to the government's vision to develop world-class infrastructure under the National Integrated Infrastructure Master Plan (NIIMP) 2043 to support sustainable economic development and growth.

The government aims to achieve this target through investments under the Public-Private Partnership (PPP) model. The industry is consequently expected to rise in real terms.

Summary
Timetric's Construction in Nigeria- Key Trends and Opportunities to 2020 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

 Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Nigerian construction industry

 Profiles of the leading operators in the Nigerian construction industry

 Data highlights of the largest construction projects in Nigeria

Scope
This report provides a comprehensive analysis of the construction industry in Nigeria. It provides:

 Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Nigeria using construction output and value-add methods

 Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

 Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

 Analysis of key construction industry issues, including regulation, cost management, funding and pricing

 Detailed profiles of the leading construction companies in Nigeria

Reasons To Buy
 Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.

 Assess market growth potential at a micro-level with over 600 time-series data forecasts.

 Understand the latest industry and market trends.

 Formulate and validate strategy using Timetric's critical and actionable insight.

 Assess business risks, including cost, regulatory and competitive pressures.

 Evaluate competitive risk and success factors.

Key Highlights
 The government is encouraging foreign companies to establish their manufacturing plants through its various programs. In 2014, the government launched Nigeria Industrial Revolution Plan (NIPR) to increase the number of jobs and diversify the country's economy. In the same year, National Enterprise Development Program (NEDEP) was launched by the government to provide business support services and access to finance for small and medium manufactures.

 To enhance economic development and boost trade activity, the government is expanding the rail network under the 25-year Strategic Rail Vision program. Accordingly, in May 2014, China Railway Construction Corporation (CRCC) signed an agreement with the Nigerian government to invest NGN2.6 trillion (US$13.1 billion) in the expansion of the network.

 The government aims to increase the share of renewable energy in the country's total energy mix. Accordingly, it has introduced various projects and sub-programs under the Renewable Energy Program, such as the NAIJA LIGHT Solar Electrification Program, Energy Efficient Housing Scheme, the Abuja Green City and Establishment of Renewable Energy Village.

 Population growth, coupled with urbanization, is continuously increasing the demand for quality and affordable housing, which will support the growth of the residential construction market over the forecast period. According to the United Nations Department of Economic and Social Affairs (UNDESA), the country's total population increased by 11.8%, from 164.2 million in 2011 to 183.5 million in 2015, and is expected to reach 210.2 million by 2020. The country's urban population increased by 20.4%, from 72.8 million in 2011 to 87.7 million in 2015, and is expected to reach 108.7 million by 2020.

 The infrastructure market is expected to benefit from the government's plan to enhance the sea-port facilities to transform the country into a maritime operational hub within the continent by 2020. The government is planning to build the country's largest shipyard in Badagry by 2019, with an aim to transport 2.5 million barrels of crude oil per day.

 Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Julius Berger Nigeria Plc
5.1 Julius Berger Nigeria Plc - Company Overview
5.2 Julius Berger Nigeria Plc - Main Services
5.3 Julius Berger Nigeria Plc - History
5.4 Julius Berger Nigeria Plc - Company Information
5.4.1 Julius Berger Nigeria Plc - key competitors
5.4.2 Julius Berger Nigeria Plc - key employees
6 Company Profile: Cappa and d'alberto plc
6.1 Cappa and D'Alberto Plc - Company Overview
6.2 Cappa and D'Alberto Plc - Main Services
6.3 Cappa and D'Alberto Plc - Company Information
6.3.1 Cappa and D'Alberto Plc - key competitors
6.3.2 Cappa and D'Alberto Plc - key employees
7 Company Profile: PW Nigeria Limited
7.1 PW Nigeria Ltd - Company Overview
7.2 PW Nigeria Ltd - Main Services
7.3 PW Nigeria Ltd - History
7.4 PW Nigeria Ltd - Company Information
7.4.1 PW Nigeria Ltd - key competitors
7.4.2 PW Nigeria Ltd - key employees
8 Company Profile: DANTATA & SAWOE Construction Company (Nigeria) Ltd
8.1 DANTATA & SAWOE Construction Company (Nigeria) Ltd - Company Overview
8.2 DANTATA & SAWOE Construction Company (Nigeria) Ltd - Main Services
8.3 DANTATA & SAWOE Construction Company (Nigeria) Ltd - History
8.4 DANTATA & SAWOE Construction Company (Nigeria) Ltd - Company Information
8.4.1 DANTATA & SAWOE Construction Company (Nigeria) Ltd - key competitors
8.4.2 DANTATA & SAWOE Construction Company (Nigeria) Ltd - key employee
9 Company Profile: G. Cappa PLC
9.1 G. Cappa PLC - Company Overview
9.2 G. Cappa PLC - Main Services
9.3 G. Cappa PLC - History
9.4 G. Cappa PLC - Company Information
9.4.1 G. Cappa PLC - key competitors
9.4.2 G. Cappa PLC - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables
Table 1: Nigerian Construction Output by Project Type (NGN Million), 2011-2015
Table 2: Nigerian Construction Output by Project Type (NGN Million), 2015-2020
Table 3: Nigerian Construction Output by Cost Type (NGN Million), 2011-2015
Table 4: Nigerian Construction Output by Cost Type (NGN Million), 2015-2020
Table 5: Nigerian Construction Output by Activity Type (NGN Million), 2011-2015
Table 6: Nigerian Construction Output by Activity Type (NGN Million), 2015-2020
Table 7: Nigerian Construction Value Add by Project Type (NGN Million), 2011-2015
Table 8: Nigerian Construction Value Add by Project Type (NGN Million), 2015-2020
Table 9: Nigerian Commercial Construction Output by Project Type (NGN Million), 2011-2015
Table 10: Nigerian Commercial Construction Output by Project Type (NGN Million), 2015-2020
Table 11: Nigerian Commercial Construction Output by Cost Type (NGN Million), 2011-2015
Table 12: Nigerian Commercial Construction Output by Cost Type (NGN Million), 2015-2020
Table 13: Nigerian Commercial Construction Output by Activity Type (NGN Million), 2011-2015
Table 14: Nigerian Commercial Construction Output by Activity Type (NGN Million), 2015-2020
Table 15: Nigerian Commercial Construction Value Add by Project Type (NGN Million), 2011-2015
Table 16: Nigerian Commercial Construction Value Add by Project Type (NGN Million), 2015-2020
Table 17: Nigerian Industrial Construction Output by Project Type (NGN Million), 2011-2015
Table 18: Nigerian Industrial Construction Output by Project Type (NGN Million), 2015-2020
Table 19: Nigerian Industrial Construction Output by Cost Type (NGN Million), 2011-2015
Table 20: Nigerian Industrial Construction Output by Cost Type (NGN Million), 2015-2020
Table 21: Nigerian Industrial Construction Output by Activity Type (NGN Million), 2011-2015
Table 22: Nigerian Industrial Construction Output by Activity Type (NGN Million), 2015-2020
Table 23: Nigerian Industrial Construction Value Add by Project Type (NGN Million), 2011-2015
Table 24: Nigerian Industrial Construction Value Add by Project Type (NGN Million), 2015-2020
Table 25: Nigerian Infrastructure Construction Output by Project Type (NGN Million), 2011-2015
Table 26: Nigerian Infrastructure Construction Output by Project Type (NGN Million), 2015-2020
Table 27: Nigerian Infrastructure Construction Output by Cost Type (NGN Million), 2011-2015
Table 28: Nigerian Infrastructure Construction Output by Cost Type (NGN Million), 2015-2020
Table 29: Nigerian Infrastructure Construction Output by Activity Type (NGN Million), 2011-2015
Table 30: Nigerian Infrastructure Construction Output by Activity Type (NGN Million), 2015-2020
Table 31: Nigerian Infrastructure Construction Value Add by Project Type (NGN Million), 2011-2015
Table 32: Nigerian Infrastructure Construction Value Add by Project Type (NGN Million), 2015-2020
Table 33: Nigerian Energy and Utilities Construction Output by Project Type (NGN Million), 2011-2015
Table 34: Nigerian Energy and Utilities Construction Output by Project Type (NGN Million), 2015-2020
Table 35: Nigerian Energy and Utilities Construction Output by Cost Type (NGN Million), 2011-2015
Table 36: Nigerian Energy and Utilities Construction Output by Cost Type (NGN Million), 2015-2020
Table 37: Nigerian Energy and Utilities Construction Output by Activity Type (NGN Million), 2011-2015
Table 38: Nigerian Energy and Utilities Construction Output by Activity Type (NGN Million), 2015-2020
Table 39: Nigerian Energy and Utilities Construction Value Add by Project Type (NGN Million), 2011-2015
Table 40: Nigerian Energy and Utilities Construction Value Add by Project Type (NGN Million), 2015-2020
Table 41: Nigerian Institutional Construction Output by Project Type (NGN Million), 2011-2015
Table 42: Nigerian Institutional Construction Output by Project Type (NGN Million), 2015-2020
Table 43: Nigerian Institutional Construction Output by Cost Type (NGN Million), 2011-2015
Table 44: Nigerian Institutional Construction Output by Cost Type (NGN Million), 2015-2020
Table 45: Nigerian Institutional Construction Output by Activity Type (NGN Million), 2011-2015
Table 46: Nigerian Institutional Construction Output by Activity Type (NGN Million), 2015-2020
Table 47: Nigerian Institutional Construction Value Add by Project Type (NGN Million), 2011-2015
Table 48: Nigerian Institutional Construction Value Add by Project Type (NGN Million), 2015-2020
Table 49: Nigerian Residential Construction Output by Project Type (NGN Million), 2011-2015
Table 50: Nigerian Residential Construction Output by Project Type (NGN Million), 2015-2020
Table 51: Nigerian Residential Construction Output by Cost Type (NGN Million), 2011-2015
Table 52: Nigerian Residential Construction Output by Cost Type (NGN Million), 2015-2020
Table 53: Nigerian Residential Construction Output by Activity Type (NGN Million), 2011-2015
Table 54: Nigerian Residential Construction Output by Activity Type (NGN Million), 2015-2020
Table 55: Nigerian Residential Construction Value Add by Project Type (NGN Million), 2011-2015
Table 56: Nigerian Residential Construction Value Add by Project Type (NGN Million), 2015-2020
Table 57: Julius Berger Nigeria Plc, Key Facts
Table 58: Julius Berger Nigeria Plc, Main Services
Table 59: Julius Berger Nigeria Plc, History
Table 60: Julius Berger Nigeria Plc, Key Employees
Table 61: Cappa and D'Alberto Plc, Key Facts
Table 62: Cappa and D'Alberto Plc, Main Services
Table 63: Cappa and D'Alberto Plc, Key Employees
Table 64: PW Nigeria Ltd, Key Facts
Table 65: PW Nigeria Ltd, Main Services
Table 66: PW Nigeria Ltd, History
Table 67: PW Nigeria Ltd, Key Employees
Table 68: DANTATA & SAWOE Construction Company (Nigeria) Ltd, Key Facts
Table 69: DANTATA & SAWOE Construction Company (Nigeria) Ltd, Main Services
Table 70: DANTATA & SAWOE Construction Company (Nigeria) Ltd, History
Table 71: DANTATA & SAWOE Construction Company (Nigeria) Ltd, Key Employee
Table 72: G. Cappa PLC, Key Facts
Table 73: G. Cappa PLC, Main Services
Table 74: G. Cappa PLC, History
Table 75: G. Cappa PLC, Key Employees
Table 76: Timetric Construction Market Definitions