Nigeria TV Info
States’ Capital Spending Plunges 58% as 2027 Political Activities Intensify
Capital expenditure by Nigeria’s state governments has reportedly dropped by about 58%, raising concerns over infrastructure development slowdown as political activities ahead of the 2027 general elections gain momentum.
Financial analysts say many state administrations are shifting focus from long-term capital projects such as roads, schools, hospitals, and power infrastructure to short-term political spending, welfare packages, and election-related mobilization.
Economic observers warn that the sharp decline in capital spending could worsen Nigeria’s infrastructure deficit, slow job creation, and weaken growth at the subnational level. Several states are also facing rising debt servicing costs and reduced internally generated revenue, further tightening fiscal space.
Experts are calling for stronger fiscal discipline and accountability mechanisms to ensure development projects are not sacrificed for political interests as the election cycle heats up.
Comments