FG Approves N4.34tn Financing for Key Sectors

On March 4, 2026, the Federal Government of Nigeria approved a financing package totaling N4.34 trillion across five sectors, including transport, agriculture, and power. This decision was made during a Federal Executive Council meeting at the State House in Abuja, presided over by President Bola Tinubu.

The financing includes N215 billion for transport, approximately N1.24 trillion for agriculture and rural development, and N220.6 billion for solar energy projects in Niger State through the Islamic Development Bank. Additionally, N1.65 trillion is allocated for the Sokoto-Badagry Super Highway, with N500 million aimed at financing small businesses through the Development Bank of Nigeria.

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, emphasized the importance of supporting small businesses, which are crucial for economic activity in Nigeria. The council's approval also addressed the need for urgent interventions in various sectors.