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in Africa

Investors Eye Nigeria’s $668bn Infrastructure Opportunity

Lawrence Ankutseby Lawrence Ankutse
September 8, 2025
Reading Time: 4 mins read
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Abidjan-Lagos Corridor Highway

Abidjan-Lagos Corridor Highway

Investors are setting their sights on Nigeria’s vast $668 billion infrastructure market as dmg events prepares to host its flagship exhibition in Lagos. The event will spotlight infrastructure expansion and the surging demand for energy-efficient heating, ventilation, air conditioning, and refrigeration (HVACR) technologies across the region.

In a statement, dmg events confirmed that the West Africa Infrastructure Expo and HVACR Nigeria will take place from April 7 to 9, 2026.

“dmg events expands in Africa with two new shows in Lagos: West Africa Infrastructure Expo and HVACR Nigeria. The event will bring together government officials, investors and industry players to discuss urban connectivity, power supply, water and waste management, digital infrastructure and sustainable technologies.”

dmg events

The President of dmg events, Matt Denton, said urbanisation and climate change are redefining the region’s development priorities. 

“With West Africa Infrastructure Expo and HVACR Nigeria, we are creating focused events that not only highlight the scale of opportunity but also address, in tandem, infrastructure development and climate-conscious technologies.”

Matt Denton
Matt Denton

According to Denton, the Expo will feature high-level discussions on major projects, including the Lagos-Calabar Coastal Railway, the Abidjan-Lagos Corridor Highway, the Escravos Seaport Industrial Complex, and the Africa Data Centre in Accra. He also noted that the initiative aligns with Nigeria’s National Integrated Infrastructure Master Plan, which targets increasing the infrastructure stock to 70 percent of GDP by 2043.

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Alongside this, HVACR Nigeria will address the sharp rise in demand for energy-efficient cooling and ventilation systems, which are increasingly vital for urban and industrial environments. “Nigeria’s HVACR sector is projected to grow at a compound annual rate of 8.78 per cent between 2025 and 2029, according to Statista Market Insights,” Denton said. He added that the exhibitions would create opportunities for global solution providers and local businesses to collaborate in driving sustainable development.

Tinubu’s Infrastructure Agenda Gains Momentum

Nigeria’s infrastructure push under President Bola Ahmed Tinubu has been a defining feature of his administration, with a focus on revitalising neglected sectors to fuel economic expansion and improve citizens’ welfare.

One of the most visible achievements so far is the acceleration of transportation projects. The government has stepped up road construction and rehabilitation across the nation, linking rural communities with urban hubs more efficiently. Strategic highways, especially in Lagos and the North, have undergone extensive upgrades, reducing travel times and boosting commercial activity. The revival of Nigeria’s rail sector is another milestone, with projects underway to expand rail connectivity between major cities, thereby easing congestion and cutting logistics costs.

Energy infrastructure has also taken centre stage. Tinubu’s administration has supported investments in renewable energy and the rehabilitation of power plants to enhance electricity generation and distribution. These interventions have already reduced the frequency of power outages in certain regions, allowing households and businesses to operate more reliably.

Investors Eye Nigeria’s $668bn Infrastructure Opportunity
Nigerian President Bola Tinubu

Equally important is the government’s embrace of public-private partnerships (PPPs). By encouraging collaboration with both domestic and international investors, Nigeria has injected fresh capital into critical projects. This approach has accelerated progress in key sectors such as telecommunications, housing, and urban development, creating jobs and strengthening economic activity.

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Nevertheless, challenges persist, particularly in securing consistent funding and curbing corruption, which has historically undermined major infrastructure initiatives. Despite these hurdles, observers say the administration’s early progress signals a determined effort to place Nigeria on a path toward long-term modernisation.

The combined impact of exhibitions like the West Africa Infrastructure Expo and the government’s infrastructure-driven policies is expected to catalyse further growth, positioning Nigeria as a central hub for investment and innovation in West Africa.

READ ALSO: NDC Risks Betrayal if ORAL Fails – Kay Cudjoe Warns

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Tags: Bola TinubuHVACR NigeriainfrastructureinvestmentNigeria
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