The Federal Government of Nigeria unveiled a comprehensive strategy to address a $2.3 trillion infrastructure deficit through Public-Private Partnerships (PPPs) on June 17, 2025.
The initiative, announced by the Ministry of Finance and the Infrastructure Concession Regulatory Commission (ICRC), aims to transform Nigeria’s infrastructure landscape by attracting private sector investment in critical sectors such as transportation, energy, healthcare, and urban development. The government identified key challenges, including dilapidated road networks, unreliable power supply, and inadequate healthcare facilities, which have hindered economic growth.
The PPP framework includes policy reforms to streamline regulations, tax incentives for investors, and risk-sharing mechanisms to encourage private participation. Specific projects outlined include the rehabilitation of the Lagos-Ibadan Expressway, the development of 5,000 megawatts of new power generation capacity, and the construction of modern hospitals in six geopolitical zones. The ICRC will oversee project implementation, ensuring transparency, competitive bidding, and accountability.
The government also plans to establish a $10 billion Infrastructure Investment Fund to catalyze PPP projects. Finance Minister Wale Edun emphasized that reducing reliance on public funding is critical to sustainable development, given Nigeria’s fiscal constraints. Challenges such as bureaucratic delays and corruption risks were acknowledged, with commitments to address them through digital procurement platforms. No specific timeline for project completion was provided, but the government aims to finalize key agreements by Q2 2026.