ITB Nigeria

What ITB Nigeria does

ITB Nigeria Limited is a Lagos-headquartered, vertically integrated construction and engineering firm incorporated in November 1995 as a subsidiary of the Chagoury Group. The company delivers construction, marine, and fit-out services across Nigeria and Benin Republic, serving federal and state government ministries, port operators and concessionaires (MSC Group, Nigerdock, DEME), financial institutions (Stanbic IBTC, Ecobank), oil and gas (Dangote, Schlumberger), hospitality (Eko Hotels), and global technology tenants (Microsoft, Meta, Equinix, Flutterwave). Pricing is project-based, secured through competitive tendering and direct negotiation, with multi-year contract cadences on landmark commissions.

The company's underlying technical platform is its in-house manufacturing ecosystem: eight fully automated concrete batching plants with capacity up to one million cubic meters per year, a precast division producing approximately 200,000 m² of hollow core slabs annually, CNC-equipped aluminum fabrication using SAPA, TECHNICAL, REYNAERS, and KAWNEER systems, and dedicated MEPF, post-tensioning, duct, joinery, and formwork divisions. Design-Build delivery is supported by an in-house architectural Design Division with overseas technical support across structures, MEPF, facades, landscaping, fire life safety, and acoustics.

Commercially, ITB pursues revenue through one-time construction contracts and, secondarily, third-party supply from its manufacturing divisions. Notable commissions include the 1996 National Assembly Complex, Stanbic IBTC's 12-storey 'The Windsor' headquarters, Ecobank Nigeria's head office, the LEED-certified Heritage Place, the EDGE-certified Alpha 1 at Eko Atlantic, the Snake Island Container Terminal EPC under MSC Group's $1 billion Nigeria programme, and the $700 million Apapa/Tin Can Island ports renovation financed by UK Export Finance and coordinated by Citibank. Certifications include ISO 9001, ISO 45001, ISO 14001, COREN, CORBON, LEED, EDGE, and AFNOR recertification. Leadership comprises Chairman Ronald Chaghoury and Managing Director Engr. Ramzi Chidiac, with Kunle Osilaja serving as a non-executive director.

Name

ITB Nigeria

Legal name

ITB Nigeria Limited

Website

https://itbng.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ITB Nigeria Limited is a Lagos-headquartered construction and engineering firm delivering integrated building, marine, and fit-out projects for government, port operators, banks, hospitality, and technology clients across Nigeria and Benin Republic, supported by in-house manufacturing.

Ownership category

akta.pro rank

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Construction and Engineering Services: ITB Nigeria generates revenue primarily through construction and engineering project contracts, delivering building and infrastructure projects across residential, commercial, marine, government, education, and healthcare sectors. Projects range from design-build contracts to lump-sum construction contracts, typically pursued through competitive tendering and direct client negotiation. Revenue is one-time and project-based, with margins generated on construction and in-house manufactured materials.
2. In-House Manufacturing and Materials Supply: ITB operates multiple manufacturing divisions (aluminum, joinery, duct, concrete, precast, MEPF) that supply materials both to its own construction projects and to external clients. This provides vertical integration, cost control on ITB projects, and an additional revenue stream from external material supply contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

ITB Nigeria is a Lagos-based construction and engineering contractor that delivers civil, building, marine and interior fit-out construction services. The company supports these services through in-house manufacturing divisions producing aluminum profiles, joinery, ductwork, ready-mix concrete and precast concrete elements for its own projects.

Product overview

ITB Nigeria Limited is a full-service construction and engineering firm offering integrated capabilities across construction, marine, and fit-out services. The company operates multiple manufacturing divisions including Aluminum Factory, Joinery Factory, Duct Factory, Concrete Division, and Precast Division that supply materials and components for its construction projects. Supporting service divisions include Design Division, MEPF Division, Post-Tensioning Division, and Formwork Division. This integrated structure enables ITB to deliver turnkey projects from concept to completion, providing in-house manufacturing of precast elements, aluminum systems, woodwork, concrete, and ductwork alongside construction, marine, and fit-out services.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services (Civil and Building)

Quantifiable outcome

• Snake Island Container Terminal spans 302,518 m² with a 911-metre quay, 210,986 m² container yard, and -15.38m MSL draft, expected for completion by 2028
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• British SteelcoreOthers · 19 March 2026British Steel has been awarded a record £70 million contract to supply 120,000 tonnes of steel billets to Nigerian construction firms Hitech Nigeria and ITB Nigeria as part of a £746 million agreement between the UK and Nigeria to redevelop the Lagos Port Complex and TinCan Island Port Complex. UK Export Finance (UKEF) is providing funding through its Buyer Credit Facility, coordinated by Citibank, with at least £236 million in supplier contracts flowing to British companies. This is British Steel's largest export order backed by UKEF and follows the UK Government's newly announced Steel Strategy, representing a move toward long-term sustainability for the company and its 4,000 employees.
• DEME Group (Belgium)coreStrategic or Co-development Partner · 11 March 2026DEME Group, a global maritime and infrastructure solutions provider based in Belgium, has been contracted alongside ITB Nigeria Ltd. by MSC Group's Nigerdock for the EPC delivery of the Snake Island Container Terminal. The terminal features a 910-metre quay, 30-hectare container yard, and initial dredging depth of -16.5 metres. The project forms part of MSC Group's $1 billion investment in Nigeria's infrastructure and is targeted for completion by 2028.
• MSC Group / Terminal Investments Limited (TIL)coreOthers · 11 March 2026MSC Group, the world's largest container shipping company, signed a 45-year concession agreement with Nigerdock to develop a container terminal at Snake Island Port in Lagos. ITB Nigeria Ltd. and DEME Group were selected as the EPC contractors to deliver the project. The terminal covers 30 hectares with a 910-metre quay, forming part of MSC's $1 billion investment in Nigeria's infrastructure and logistics sector.
• Hitech Construction Africa LimitedcoreStrategic or Co-development Partner · 19 November 2025Hitech Construction Africa Limited signed a MoU with British Steel on November 19, 2025, during the UK Export Finance Supplier Fair, for the supply of structural materials to ITB-Hitech Nigeria for the modernization of the Tin Can Island and Lagos Apapa Port Complexes. This partnership was formalized to ensure timely supply of British Steel materials for the flagship port modernization project.
• International Suppliers NetworksupportingTechnology or IntegrationITB's Joinery Factory works with an international network of suppliers across Europe, France, Dubai, Lebanon, and Nigeria. The Aluminum Factory utilizes internationally known systems including SAPA, TECHNICAL, REYNAERS, and KAWNEER, sourced through technological partnerships with overseas partners. This supplier network enables access to premium materials and systems for Nigerian construction projects.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Julius Berger Nigeria: Largest indigenous construction company in Nigeria, delivering civil, building, and infrastructure projects across federal, state, and private sectors. Directly comparable to ITB in scope of construction services, public-sector contract base, and pan-Nigerian operations.
• Hitech Construction Africa Limited: Nigerian EPC contractor for ports, roads, and industrial infrastructure; co-contractor with ITB on the Apapa/Tin Can ports modernization and Snake Island Container Terminal. Comparable in project mix and customer base, including government and concessionaire clients.
• DEME Group: Belgian global marine and infrastructure solutions provider; JV partner with ITB on Snake Island Container Terminal. Comparable on marine EPC, dredging, and port construction, and a relevant benchmark for ITB's marine division capabilities.
• Reynolds Construction Company Nigeria: Nigerian civil engineering and building contractor operating across infrastructure and commercial projects. Comparable to ITB in scope of construction services, local market focus, and federal/state government customer base.
• Setraco Nigeria: Nigerian construction firm executing roads, bridges, and building projects, with a track record of government infrastructure awards. Comparable in project mix and public-sector contract orientation.
• Dantata & Sawoe Construction: Nigerian contractor focused on civil engineering, roads, bridges, and buildings. Comparable to ITB in scope of construction services and reliance on Nigerian federal and state contracts.

Regional players

• Arab Contractors (Osman Ahmed Osman & Co.): Major African/MENA general contractor delivering civil, marine, and infrastructure projects. Comparable to ITB in integrated EPC capabilities, scale of government contracts, and presence across multiple African markets.
• Mota-Engil Africa: Portuguese-headquartered contractor with a substantial African infrastructure and mining services footprint. Comparable to ITB in civil/marine EPC execution and West African project presence.
• Shapoorji Pallonji Nigeria: Indian conglomerate's African construction arm, executing commercial and infrastructure projects in West Africa. Comparable to ITB in scope of integrated EPC delivery and corporate/government client mix.

Broad incumbents

• China Harbour Engineering Company (CHEC): Global marine and infrastructure contractor active across African port, road, and bridge projects. Comparable on marine EPC, port construction, and large-scale government infrastructure awards.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCAdAYGiirAIa1RghoQnHKqA
• Facebookfacebook.com/ITBNIGERIALIMITED
• LinkedInlinkedin.com/company/itb-nigeria-limited
• Instagraminstagram.com/itbnigerialimited

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITB Nigeria