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Development activity across the commercial real estate sector in Lagos increased by 19% in 2021 compared to 2020 in a return to market activity in the city's construction industry, according to the latest analysis by leading real estate data company, Estate Intel.

According to the National Bureau of Statistics, the Nigerian workforce currently has over 122,049,400 people within the working-age distribution of 15 - 64. The National Bureau of Statistics (NBS) defines the Nigerian workforce as persons readily available to be engaged in producing goods and services, thereby contributing legitimately to the Gross Domestic Product (GDP) and compensated for such work activity.

Inflation has become a bugbear for the Nigerian economy in the last two years but from the end of the first quarter (Q1) 2021, the average consumer price level fell in nine consecutive months until its recent December 2021 reversal that saw inflation rates rise again.