FG’s infrastructure spending hits N6.47tn, highways dominate

Nigeria's Federal Government channeled N6.47 trillion into strategic infrastructure development from mid-2023 to the end of 2025, with a significant portion directed towards major highway projects. The Lagos-Calabar Coastal Highway alone secured N2.23 trillion, making it the largest single allocation among the examined projects.

Other substantial investments include N1.11 trillion for the Sokoto-Badagry Superhighway and N489.3 billion for the Trans-Sahara Superhighway. These three highway projects collectively accounted for approximately N3.83 trillion of the total infrastructure spending. The figures are detailed in the government's newly released Nigeria Reform Scorecard, which tracks savings from fuel subsidy removal and other economic reforms.

The report indicates that the government recorded an incremental expenditure of N30.64 trillion during this period. Finance Minister Taiwo Oyedele explained that the removal of the fuel subsidy and the unification of the foreign exchange market mobilized N15.8 trillion in additional resources. This increase in revenue was observed in higher collections by customs and petroleum profit tax due to the naira's depreciation against the dollar, effectively boosting the Federation's accounts.

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Between June 2023 and December 2025, subsidy savings mobilised a sum of N15.8tn in resources for the Federation. Many people will say, ‘Where is the subsidy saving?’ As a matter of fact, there wasn’t any line in the Federation Account with the description, ‘subsidy savings.’ So, the subsidy savings showed up in the form of higher collection by Customs because, for every one dollar of import duty before, at N460, it became one dollar at N1,004, N1,003, N1,005. The NRS, Petroleum Profit Tax that it collected before, same dollar, higher amount in naira. So, the savings showed up in the Federation accounts by way of higher revenue collections as a result of the reforms.