Investment continues to flow into the Nigerian construction sector. This is reflected in the recently announced 6.5% GDP growth over 2012, a political agenda of economic reforms, and the continued unbundling and privatisation of the state-run Power Holding Company of Nigeria. Thus, in line with our forecasts, Nigeria continues to see strong growth within its construction sector and we anticipate annual average real growth of 9.2% between 2013 and 2017. We note that after a strong performance in 2012, we have revised our forecast for the construction industry upwards. However, we also continue to highlight the persistent risks hampering the implementation of major projects, ranging from deep-rooted corruption, violence perpetrated by militant Islamists and retaliatory forces, and a vast yet still inefficient bureaucracy.