The coatings markets in West Africa have attracted considerable attention, with Nigeria emerging as a major player. The protective coatings sector in Nigeria is anticipated to experience strong growth, with an estimated compound annual growth rate exceeding 4% during the forecast period (2024-2029), as reported by Mordor Intelligence. Additionally, the construction market in Nigeria is projected to grow annually by 3.1% from 2025 to 2027, according to Business Wire.
Project value: USD $18.5 Billion
Centenary City stands as Nigeria's most extensive and priciest construction project. This master-planned development project is set to be built on 1,260 hectares of land situated several kilometers southeast of Nigeria's capital. The city will feature a diverse urban center, a central business district, a financial hub, as well as a museum and cultural center aimed at showcasing African and global arts. Inspired by global smart cities such as Dubai, Monaco, and Singapore, Centenary City is envisioned to embody modern urban planning and advanced technology.
Source: Newsweek
Project value: USD $6 Billion
Eko Atlantic, a coastal city under development on Victoria Island in Lagos, Nigeria, spans 10 million square meters of reclaimed ocean land. Resembling Manhattan's skyscraper district in scale, Eko Atlantic focuses on self-sufficiency and sustainability through groundbreaking methods, shaping it into a megacity.
Source: Skabash
Project value: USD $1 Billion
The World Trade Centre in Abuja, Nigeria holds an estimated value of USD $1 billion, establishing it as the largest mixed-use development in West Africa. Since its development in 2010, this project has unfolded across a vast expanse exceeding 6 million square feet within the central business district of the capital. Strategically located to offer seamless connectivity to both the city centre and the airport, the complex is bordered by a dual-carriageway and a light railway system.
Source: Business Day
Project classification: Category A project
The Kings Tower is another noteworthy project that has dramatically changed Lagos' skyline. Located in the district of Lagos, it serves as a prestigious hub for businesses looking to expand their presence in the city. Spanning 12 floors and covering 14,827 sqm, the tower offers occupants breathtaking panoramic views of Lagos from every level. Additionally, the commercial office spaces boast elegant designs and are accompanied by high-end retail offerings across two floors.
Source: Estate Intel
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