NAIRAMETRICS
President Bola Tinubu has proposed a significant allocation of N4.06 trillion for infrastructure development in the 2025 fiscal year, as part of his Budget of Restoration.
This was disclosed on Wednesday, December 18, 2024, during the President’s presentation of the 2025 budget proposal to a joint session of the National Assembly in Abuja.
The total budget for the fiscal year amounts to N47.9 trillion, making it the largest in Nigeria’s history.
In his address, President Tinubu emphasized the centrality of infrastructure to his administration’s development agenda, noting that the proposed N4.06 trillion allocation represents one of the key highlights of the budget.
However, he did not provide a detailed breakdown of how the lump sum would be distributed among various infrastructure projects.
The President also reiterated the role of the Renewed Hope Infrastructure Fund—a strategic initiative launched earlier in his administration—as a vehicle to drive investments in critical sectors such as energy, transport, and public works.
Notable projects expected to benefit from the infrastructure allocation include the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Superhighway. However, both projects are being executed under an EPC+F (Engineering, Procurement, Construction, and Financing) funding model, with Hitech Construction bearing a significant portion of the financial obligations…
