Economists Question Impact of Nigeria's N11.1tn Capital Spending on Economy

Economists, including Akpan Ekpo and Marcel Okek, are skeptical about the economic impact of Nigeria's N11.1tn capital spending in 2024, citing delays in disbursement and minimal tangible outcomes. Despite the government's emphasis on completing priority projects, concerns arise over the delayed release of funds affecting economic growth.

Inflation, currency depreciation, and rising infrastructure costs further raise doubts about the effectiveness of the capital expenditure. Minister Wale Edun defends the spending outcomes, highlighting the government's commitment to project completion amidst fiscal challenges.