The forest product industry in Nigeria is barely surviving rather than thriving. Faced with a lot of challenges, the industry has witnessed the closure of many wood processing industries while a few are operating at low capacity. This paper examines engineered wood products and the outlook on wood and wood products in Nigeria. It discusses some of the challenges that have inhibited the growth of the industry and provides recommendations for reinventing the industry through development of modern value-added wood products for sustainable building construction. Keywords: Collaboration; Engineered wood products; Forestry product industry; Glulam; Sustainability.