Multiple Taxes, Regulations Now Hurt Construction Sector More Than Insecurity, Says NESG

Multiple taxes and regulatory requirements have replaced insecurity as a major worry for construction firms in Nigeria, according to the Nigerian Economic Summit Group (NESG).
In its Construction Sector Report, titled “From Cyclical Growth to Durable Investment,” the NESG said the regulatory and tax burden is now the second major issue facing the sector, after inadequate power supply.
The report is based on the NESG Business Confidence Monitor, which asks firms to rank the top constraints to doing business.
Tax, regulation rise in ranking
The NESG said multiplicity of tax regulations ranked second in the first half of 2026 with a score of 9. Regulatory requirements also scored 9 and...