Nigeria Achieves 76% of 2025 Capital Spending Target

The Federal Government of Nigeria announced that it has achieved 76% of its capital spending target for 2025, with total capital expenditure reaching ₦11.7 trillion, which represents 84% of the capital budget provision. This update was provided against the backdrop of public concern regarding low releases to Ministries, Departments, and Agencies (MDAs) and the overall fiscal performance.

The Minister of State for Budget and National Planning, Dr. Ogho Okiti, clarified that while cash releases to MDAs may appear low, it does not reflect the abandonment of capital projects. The report highlighted that the federal capital spending is financed through two main channels: direct funding from the government and releases from multilateral development partners.

The Minister also noted that the fiscal pressures, particularly a significant shortfall in oil and gas revenue, have impacted the pace of capital expenditure execution. The actual inflow from oil and gas revenue for 2025 was ₦7 trillion, representing a performance rate of roughly 19%.