Nigeria’s construction sector hit by 20% cost increase in five months – Report

Nigeria's construction sector has experienced a significant cost increase of 20% within a five-month period, from December 2025 to May 2026. This rise in expenses is attributed to a surge in the prices of building materials and energy, which have impacted project budgets and timelines. The report highlights the challenges faced by the industry as stakeholders navigate the implications of these rising costs on ongoing and future construction projects.

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