Nigeria’s 2026 Federal Government budget proposal has earmarked a substantial ₦4.23 trillion for about 50 capital projects spread across key sectors of the economy signaling a renewed focus on infrastructure and social development as central themes for the fiscal year.
The data, compiled by BudgIT Nigeria from the official 2026 budget documents, shows that the cumulative allocation is part of a broader capital-heavy spending strategy, highlighting investment in economic infrastructure and human capital.
Where the Capital Funding Is Going
The capital allocations are distributed across eight federal ministries, with the largest shares going to infrastructure-related sectors:
- Ministry of Works — ~₦2.50 trillion
- Ministry of Power — ~₦894.16 billion
- Ministry of Transport — ~₦316.63 billion
- Ministry of Agriculture and Food Security — ~₦175.84 billion
- Ministry of Education — ~₦157 billion
- Ministry of Health and Social Welfare — ~₦133.29 billion
- Ministry of Humanitarian Affairs and Poverty Alleviation — ~₦61.6 billion
- Ministry of Water Resources and Sanitation — ~₦47.25 billion
- Total Capital Allocation — ₦4.23 trillion
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Key Priorities in the Capital Plan
The budget’s capital component is heavily weighted toward power and road infrastructure, which together account for more than ₦3.4 trillion of the total allocation.
This underscores the federal government’s priority on improving energy reliability, expanding transmission capacity, and enhancing national connectivity.
Other sectors such as transport, agriculture, education, health, and water resources also receive targeted investments to support economic growth, food security, skill development, and welfare enhancements across geopolitical zones.
What This Means for Nigeria
- Balanced infrastructure focus: The breadth of capital projects reveals an effort to sync physical infrastructure development with human capital needs.
Investor appeal: Large-scale investments present potential opportunities in construction, energy, transport services, agriculture, and public-private partnerships.
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Execution challenges: The impact of these allocations will hihisnge on effective project delivery, funding sustainability, and monitoring.
The proposed 2026 budget tagged the “Budget of Consolidation, Renewed Resilience and Shared Prosperity” totals ₦58.18 trillion, including significant allocations for recurrent expenditure and a notable budget deficit, signaling tough fiscal choices ahead as Nigeria pursues ambitious development goals.
Image Credit: Nairametrics
Source: Nairametric
