Experts predict growth in Nigeria construction industry

Experts in the construction industry have predicted positive growth for the sector in 2021. They argued that the industry would be a significant growth driver for the Nigerian economy this year at the Real Estate Market Outlook event which held in Lagos.
 
A construction industry expert, Temitope Runsewe, noted that with over N3.85tn budgeted for capital expenditure by the Nigerian government for the year, spending on infrastructure would help to drive economic growth.
 
He added that though the coronavirus pandemic had affected economies and businesses globally, the medium to long term outlook for the industry remained positive, given that the construction industry increased its contribution to Nigeria’s Gross Domestic Product to N572.9bn from N513.6bn in Q2 2020…
 
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