Finance

Nigeria’s construction sector is poised for continued expansion, with real-term output projected to rise by 5.3% in 2025 followed by a more moderate 3.1% in 2026. This trajectory reflects sustained momentum from public-sector commitments to address longstanding infrastructure deficits, particularly in housing and transportation networks. Government-led initiatives, including large-scale affordable housing programs and major road, rail, and urban mobility upgrades, form the core drivers. Complementing these efforts is a notable uptick in construction financing through increased loans from commercial banks and development institutions, which has eased liquidity constraints for contractors and developers.

**> Nigeria’s construction industry is set to grow by 5.3% in real terms in 2025, moderating to 3.1% in 2026,…