TOP 10 CONSTRUCTION COMPANIES IN NIGERIA
Top construction companies in Nigeria are perceived by observers, as having the potential to drive the growth and development of the economy, create employment opportunities, as well as shore up Nigeria’s revenue earnings, aside petroleum.
The reason for this optimism, ironically, is predicated on the abysmal and heart-wrenching numbers that sum up Nigeria’s housing deficit. As at the end of 2015, the nation’s housing deficit was put at about 17 million units, requiring the sum of 50 trillion naira, to negate that shortfall.
With an average population of 150 million persons and a projected annual growth rate of 2.83%, analysts believe that concerted and consistent efforts to bridge this gargantuan housing gap, will unlock multi-layered economic and financial activities that will buoy the local economy.
The underlining issues that so far stunted the housing sub-sector range from high mortgage interest rates, high interest rates on loans given to real estate developers, failure of housing institutions, policies and documents like the Federal Housing Authority, the Land Use Act of 1978, high cost of building materials and the absence of a local Steel Industry.
To stem this tide, the following measures have been proffered: availability of cheap mortgage loans to all classes of earners, low interest rate loans to real estate developers, adoption of affordable building technologies and local materials and a review of housing laws and policies. With regard to practitioners, the construction industry in Abuja, Lagos, Nigeria has long been dominated by foreign construction firms.
These construction consortiums are usually characterized by enormous financial capacities and extensive technical know-how. However, due to more favorable housing laws and policies, increasing access to technology and its transfer, increased target funding and so on, local firms are staking
their claim in the construction industry.
These local construction firms are leaving positive imprints, with the delivery of housing units, roads, recreational facilities that have passed the litmus tests of integrity and quality. Not listing them in order of the largest construction companies in Nigeria to the smallest, they are as follows:
LIST OF CONSTRUCTION COMPANIES IN NIGERIA AND THEIR ADDRESSES AND EMAIL ADDRESSES
1. DANTATA AND SAWOE
Established over 38 years ago, it has since built a reputation for itself as a deliverer of durable and high quality construction projects. Their resume boasts of an assorted array of finished structures that includes several hundred kilometers of Federal and State highways and roads, scores of bridges and flyovers, a number of real estate developments as well as 3 airport runways.
This is one of the top road construction companies in Nigeria that has served and continue to serve as viable partners in the Nigerian government’s drive to increase local content contribution, in the construction sector.
2. EL-ALAN CONSTRUCTION COMPANY
A relatively young entrant in the list of top paying construction companies in Nigeria, El-Alan Construction Company, founded in 1982, has made giant strides in a short time.
Their work portfolio includes constructions and development carried out for companies such as Chi Nigeria Ltd, 7-Up Bottling Company, Zenith Bank, Techno Oil and a host of other top clients.
Projects completed and delivered include buildings, factory complexes, warehouses, and paper mills. Initially, the firm engaged in only renovation and sub-contract jobs.
However the quality of those jobs, created bigger opportunities, which the company seized and utilized. With a business model based on design and Build, El-Alan works with prospective clients from conceptualization to architectural design to planning approval and construction. El-Alan delivers on projects within the framework of its core values that include quality, integrity, flexibility and commitment.
3. SETRACO NIGERIA LIMITED
One of the early pioneers in the local construction industry, Setraco Nigeria Limited started off its operations in 1977, by constructing township and feeder roads in the then Bendel state. It is gradually turning into a top building construction company behemoth with projects completed in over 20 states in Nigeria as well as ongoing developments in a further 15.
The firm seeks to maintain its spot as a top player in the construction industry through the ratification and continued adherence to its corporate principles that include responsive corporate relations, prudent and efficient procurement processes, smooth community and suppliers’ relations, customer satisfaction as well as employee motivation and reward.
4. COSTAIN WEST AFRICA
An old player in the industry, Costain West Africa’s track record dates back more than 60 years, when it was incorporated as a Limited company in the construction business, in 1948. Since then, it has completed and delivered a vast array of jobs including roads, highways, warehouses , for the both the public and private sectors.
5. MONIER CONSTRUCTION COMPANY
Headquatered in Port-harcourt, Rivers State, Monier Construction entered the construction sector, formally, in 1957. Formely run by foreigners, the management of the firm has since been coordinated by Nigerians. Having delivered quality and durable projects to both public and private sector clients, Monier Construction customer base includes N.D.D.C, Mobil Oil Producing, NNPC and a host of others.
Cornerstones of its core values include the consistent and timely delivery of quality and durable projects, staff welfare and motivation, amiable community relations and a satisfied customer base. Monier Construction also pledges to invest in state -of -the art technology, equipment and machinery, in order to meet and exceed customer expectations as regards engineering, road, building construction companies in Nigeria.