Abandoned Projects, Budget Rollovers Threaten Nigeria’s $2.3trn Infrastructure Ambition

Nigeria’s ambition to bridge its estimated $2.3 trillion infrastructure deficit is facing challenges as abandoned projects, delayed execution and repeated budget rollovers continue to affect public investment.
According to the report, only 52 per cent of federal capital projects approved for 2024 were completed, raising concerns about the pace of infrastructure delivery and the effective use of public funds.
The slow implementation of capital projects could undermine efforts to attract public and private investment into critical sectors, including transportation, power, housing and other essential infrastructure.
The figures highlight concerns over project execution, funding gaps and accountability as Nigeria pursues its long-term infrastructure development targets.