Nigeria, Africa's first populous country with a total population of 173 million, accounting for 16% of Africa's total population. It is also Africa's largest economy. As of 2016, Nigeria's GDP surpassed South Africa, ranking first in Africa and becoming the 26th largest in the world. The economy, which accounts for more than three-quarters of the total GDP of the Economic Community of West African States, has strong radiation power to other West African countries and all of Africa, including the Sudan, Libya, Algeria, Chad, and Egypt. Nigeria’s growing population and economic strength ensure residents’ purchasing power and spending power.At present, the Nigerian construction market has grown faster than India, second only to China. However, the country's construction industry accounts for a relatively small proportion of GDP, only 3.2%, far from meeting domestic housing demand. It is expected that from 2009 to 2020, the Nigerian construction industry will usher in a higher growth rate.
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