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Governors Outline Ambitious Plans to Bridge Infrastructure Deficits
Nigerian state governors have unveiled ambitious plans to address infrastructure deficits through increased capital expenditure in their 2025 budgets.
A total of N17.51tn has been allocated for capital projects in 2025, marking a 54.39% increase from the N11.34tn proposed in 2024. Despite these efforts, a funding deficit of N3.98tn hindered project implementation last year.
Improved statutory allocations from the Federation Account Allocation Committee, which increased by 49.24% to N15.12tn in 2024, provide some relief. However, states continue to face financial challenges that delay critical projects, including roads, healthcare, and education, affecting citizens’ quality of life.
Analysis reveals varying implementation rates for 2024 budgets, with nine states achieving over 80%, 15 states falling between 50–76%, and eight states scoring below 50%. Lagos, Niger, and Enugu lead in prioritizing infrastructure spending, with Lagos allocating N2.07tn in 2025. Other states, including Delta, Akwa Ibom, and Abia, have also outlined significant investment plans.
Experts have raised concerns about states’ ability to meet these targets due to low internally generated revenue, inefficiencies in tax collection, and rising recurrent costs. On average, only 60% of budgeted capital expenditure is executed annually, posing a challenge to achieving long-term development goals.
As citizens anticipate the execution of these ambitious plans, stakeholders urge states to address funding and implementation constraints to close infrastructure gaps and foster economic growth.
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Apple’s “Campos” AI Chatbot Set to Replace Siri in Major Overhaul
Apple is gearing up for one of the most significant changes to its artificial intelligence strategy in years. The tech giant plans to replace Siri with a fully integrated AI chatbot, codenamed “Campos,” which will be built directly into iPhones, iPads, and Macs later this year. The move signals Apple’s intent to compete more aggressively…
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Nigerian Exchange Ends Thursday Mixed as Trading Volume Falls
The Nigerian Stock Exchange (NGX) closed Thursday, January 29, 2026, with a modest uptick in its benchmark indices, even as market activity experienced noticeable declines compared to the previous session. By the end of trading, a total of 550,402,871 shares changed hands across 38,635 deals, representing a market value of ₦14.14 billion. This marked a…
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Access Bank Sets Agenda for Africa Trade Conference 2026
Access Bank Plc has positioned the 2026 Africa Trade Conference (ATC) as a strategic platform to advance Africa’s role in global trade, facilitate policy dialogue, and deepen partnerships between African and international markets. Group CEO Roosevelt Ogbonna said the conference, themed “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact,” will gather leaders…



