According to reports, in 2018 Nigeria spent an estimated USD2.2-billion (R31-billion) on construction. One thing is sure, the region has a number of projects in the pipeline, ripe for the taking.
Beyond building schools, hospitals, sports facilities and social infrastructure, the recent National Integrated Infrastructure Master Plan is addressing an estimated 17 million-unit housing deficit. As a consequence, Nigeria’s construction sector is growing at a fast pace, nearing a 9% year-on-year increase in the first quarter of 2018, according to reports by the Oxford Business Group.
It is no surprise that today more and more international construction companies are taking active steps to enter the lucrative Nigerian market, which serves as a strategic business hub to expand into the wider West Africa region. The Big 5 portfolio of construction events, the largest in the Middle East and Africa, has therefore announced the launch of its first ever event in the country’s largest and fastest growing city, Lagos.
According to the organisers of The Big 5 Construct Nigeria, which takes place at the Lagos Landmark Center from 9 to 11 September 2019, the feedback from international manufacturers is extremely positive on the launch of the new construction show.
“There’s true excitement within the industry looking at Nigeria’s business potential and the huge investments currently underway in both the infrastructure and urban construction sectors,” says Muhammed Kazi, portfolio event director at dmg events.
IVR, an Italian manufacturer of systems, components and accessories for the sanitary, plumbing and heating sector, is also gearing up for The Big 5 Construct Nigeria. Gianmarco Micheloni, the company’s export manager, comments, “We are now focusing on the Nigerian market because the trend in the sector is positive in Africa’s most populous state, with a steady acceleration in construction activities.
“We are sure that many of our product ranges fit very well in the Nigerian market, bringing Italian quality, services and knowledge in the HVAC R sector. We decided to join The Big 5 Construct Nigeria to meet wholesalers, consultants and contractors, architects and other stakeholders, developers and trade professionals in the building and construction sector. We are sure that we will get into this market very soon!”
Expected to welcome 200 exhibitors and 5 000 visitors, The Big 5 Construct Nigeria brings together influential decision-makers, innovators and suppliers from around the globe for three days of business and networking opportunities in Lagos.
For more information on the first edition of The Big 5 Construct Nigeria, visit: www.thebig5constructnigeria.com.