Strategic Research Sponsor of the American Bar Association's Section of International LawThe Queen's Award for Enterpise 2012

Nigeria: Construction & Real Estate 2016

Nigeria’s construction market has been among the world’s fastest-growing over the past few years, and 2016 has led to a valuation of Nigeria’s construction industry at $13.65 billion, accounting for 7.6 per cent of the country’s GDP. A rapidly increasing population has ensured that there is a growing demand for housing across all levels of society, and this, coupled with a boom in the office development sector, means that the future is certainly bright for the Nigerian construction industry. That said, given the dire economic situation currently gripping the country, typified by the economy’s first negative GDP contraction since the establishment of democracy in 1999, there is cause for concern as the fortune of the construction and real estate market naturally goes hand-in-hand with the fortunes of the economy as a whole. The supply, demand and price of space hinges on the financial security of occupiers, developers and investors. Therefore, stakeholders will need to monitor the situation carefully and choose their projects wisely before taking the plunge and investing.

Babalakin & Co’s name partner Bolanle Olawale Babalakin SAN is an acclaimed transactional specialist with a “distinguished record” in high-profile, commercial transactions in the construction and real estate industries.

At Aluko & Oyebode, head of the firm’s real estate practice Adeniyi Adegbonmire SAN is a veritable expert in all aspects of property law. According to respondents, Adegbonmire SAN is the “lawyer of choice” for domestic and international clients looking to develop their real estate portfolios in Nigeria.

Back to top

Follow us on LinkedIn

News & Features

Community News



Pro Bono

Corporate Counsel

Women in Law

Future Leaders

The UK Bar

Practice Areas


The Who's Who Legal 100


Special Reports



About Us

It is not possible to buy entry into any Who's Who Legal publication

Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

Copyright © 2017 Law Business Research Ltd. All rights reserved. |

87 Lancaster Road, London, W11 1QQ, UK | Tel: +44 20 7908 1180 / Fax: +44 207 229 6910 |

Law Business Research Ltd

87 Lancaster Road, London
W11 1QQ, UK