Construction Sector Growing With Demands From The State Investments
Nigeria has a great potential for international and local companies and their investments with the growing economy. Nigerian government plans to renew and make stronger infrastructures of the country, 2020 and 2043 master plans already were brought into force for this aim. According to these plans, infrastructure investments, renewable energy, housing projects, production facilities, health and education complexes will be finalized until 2043 and these entire projects positively affect demands in national construction and building materials sectors.
According to National Bureau of Statistics (NBS), annual growth in the construction sector is 13 %. This rate shows us strong potential and trade ability in the sector. Besides the government’s investment, construction and building materials sectors are supported by a few more factors.
Nigerian Construction Sector Got Demand For Long Terms
Demand for new houses is increasing in the country year by year because the population is growing. Nigeria has big potential with the 186 million population. According to data, new housing projects only meet %1 of this growing populations’ housing demands. This also shows us, national and international investment for construction and building materials sector has long-term possibilities in Nigeria. On the other hand, growing economy positively affects the power of purchasing so people start to afford a new house.
New housing and workplace projects like
Eko Atlantic give acceleration to the sector. These kinds of projects financed and invested by international companies
. So, national companies find the opportunity to work with the international companies and work in international investments in the construction sector.
Participate In The Center Of The Sector Via BuildExpo 2017
Nigerian construction and building material sector would meet with international investors and companies in the BuildExpo 2017. This exhibition creates an international and effective trade platform for who want to take part in developing the sector and international investments. International and national visitors and exhibitors find a change to reach their target and make new agreements during the exhibition.
Last year, 72 attendees from 12 different countries were visited by 3200 local and international visitors in BuildExpo. State officers, local governments, sector representatives and pioneer business people visited the attendees in their booths and the sectorial meeting was arranged during the exhibition. Both promotions of the sector and ways of international collaboration are the priorities of the exhibition.
If you want to take part in Nigeria and Africa market that has big growth potential for international investments, expand your business, BuildExpo is waiting for you at the 02 -04 November in Lagos. Time is running out to reserve your booth in the exhibition.
Exhibition Name: NIGERIA BUILD EXPO 2017
International Construction and Building Materials Exhibition
Date: 02 – 04 November 2017
Venue: Landmark Center – Lagos / Nigeria
To Register, click on
https://form.myjotform.com/Elanexpo/visitor-registration/
For more information or enquiry, send an email to
info@nigeriabuildexpo.net, also visit
http://www.nigeriabuildexpo.net/
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This article was first published on 25th September 2017 and updated on October 27th, 2017 at 2:44 pm
Comments (1)
Events like these are sure to succeed because the Nigerian Building sector is still very import dependent.