State Capital Spending Plunges as Elections Loom

State Capital Spending Plunges as Elections Loom

Nigeria’s state governments have abruptly tightened their purse strings. Capital expenditure across 26 states fell by 58% in the first quarter of 2026, dropping to N1.59tn from N3.79tn in the previous quarter. This N2.2tn contraction signals a sharp pivot away from infrastructure as the 2027 general elections approach. While roads and hospitals wait, political alignments…

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FCT Gets N2.285tn Budget As Senate Backs Infrastructure Push

    Nigeria’s Senate has passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, green-lighting a total expenditure of N2.285 trillion for the administration and development of Abuja and its satellite communities. The bill scaled through third reading during a Thursday plenary session, following the presentation of a harmonised report from the joint…

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