The Federal Government of Nigeria is turning to private investors to support its ambitious N2.3 trillion infrastructure development programme, aimed at addressing the country’s significant infrastructure deficit and stimulating long-term economic growth.
Under the National Development Plan (2021–2025), the government has made it clear that private sector funding is essential, given current fiscal constraints and growing debt obligations. The plan identifies over 50 high-impact projects across key sectors, including transport, power, housing, water, and digital infrastructure.
To attract investment, the government is prioritizing Public-Private Partnerships (PPPs), with agencies such as the Infrastructure Concession Regulatory Commission (ICRC) working to streamline processes and enhance the bankability of projects. This includes fast-tracking approvals, providing regulatory clarity, and reducing bureaucratic bottlenecks that have historically discouraged investor interest.
According to officials, the strategy is designed to shift the role of government from sole financier to that of an enabler, providing a stable policy environment, risk mitigation tools, and guarantees where necessary. Investors are expected to bring not only capital but also technical expertise and operational efficiency.
Analysts have welcomed the approach but stress the need for transparency, proper project structuring, and long-term policy consistency. If well-executed, the N2.3 trillion infrastructure drive could unlock jobs, boost local manufacturing, enhance regional trade, and position Nigeria as a more attractive destination for sustainable investment.
