ABOUT NIGERIA

The Nigerian economy is to enjoy more foreign investments with the arrival of 14 European companies in the second quarter 2015. The companies, drawn from across Western Europe, have concluded plans to invest in real estate, construction, refinery projects, mining, agriculture among others and seek local partners in Africa.

Country Profile:
With a population of about 182,4 million people, Nigeria is the largest country in Africa and accounts for 47% of West Africa’s population
It is the biggest oil exporter in Africa, with the largest natural gas reserves in the continent. Given these large reserves of human and natural resources, the country has significant potential to build a prosperous economy characterized by rapid economic growth.
The economy has enjoyed sustained economic growth for a decade, with annual real GDP increasing by around 7%; it was 6.3% in 2014. The non-oil sector has been the main driver of growth, with services contributing about 57%, while manufacturing and agriculture, respectively contributed about 9% and 21%.

NIGERIA CONSTRUCTION SECTOR:
Nigeria has the potential to be one of the biggest construction markets on the Africa.
A major industry in Nigeria  that will benefit from the performance of non-oil sectors is the construction industry.
The construction industry is considered by some economists as a leading driver of economic development in a country. This is basically due to the fact that almost all other sectors of the economy in one way or another depend solely on the products and services of the construction industry in order to carry out their operations.The following are pointers to the fact that the construction industry is receiving a major boost.
Massive demands for buildings across all sectors of the economy.
Recent focus on infrastructural development by federal and state governments.
The adoption of privatization and commercialization as instruments of federal government policy.
The tightening of regulations relating to how business is done in Nigeria.