PPPs key to closing Nigeria’s $100 billion annual investment gap – Edun

From Adanna Nnamani, Abuja

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stated that public-private partnerships (PPPs) are a critical tool in addressing the nation’s $100 billion annual infrastructure investment gap.

According to a statement from the Ministry, Edun stated this at the 2025 KPMG Arise TV Budget News Day recently, where he outlined Nigeria’s fiscal priorities and economic direction for the coming year.

He reaffirmed the government’s commitment to fiscal discipline, revenue mobilization, and an improved investment climate. The Minister highlighted a projected GDP growth of 4.6% for 2025, with a long-term ambition of 7% annually, a crucial target for poverty reduction and sustainable development.

He emphasised that macroeconomic stability remains a top priority, with exchange rate stability, trade surplus, and increased oil production positioning Nigeria as a stronger global player. He noted that foreign reserves have exceeded $40 billion, signalling confidence in economic policies and financial management.

“A key theme of Edun’s address was the role of the private sector in driving economic expansion. He highlighted public-private partnerships (PPPs) as a critical tool to close Nigeria’s $100 billion annual infrastructure investment gap. Landmark projects such as the Benin-Asaba Highway and Lagos-Abeokuta Road are set to be developed under PPP frameworks, reducing travel time and boosting productivity.

“In the oil and gas sector, HM Edun emphasised the importance of domestic refining, with the Dangote Refinery now leading local crude petroleum processing. This shift will significantly reduce reliance on imports, strengthen energy security, and enhance economic resilience.

“Edun also addressed fiscal policy reforms, stressing the government’s drive to expand the tax base, streamline revenue collection, and create a business-friendly tax system. He noted that a balanced approach to taxation will encourage investment while ensuring adequate funding for national priorities,” the statement added.