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 deficit.
According to a statement from the Ministry, Edun stated this at the 2025 KPMG Arise TV Budget News Day, where he outlined Nigeria’s fiscal priorities and economic direction for the coming year.
He reaffirmed the government’s commitment to fiscal discipline, revenue mobilisation, and an improved investment climate. The Minister highlighted a projected GDP growth of 4.6 per cent for 2025, with a long-term ambition of seven per cent annually, a crucial target for poverty reduction and sustainable development.
He emphasised that macroeconomic stability remains a top priority.
He added that, exchange rate stability, trade surplus, and increased oil production will position Nigeria as a strongglobal player. He noted that foreign reserves have exceeded $40 billion, signalling confidence in economic policies and financial management.
He highlighted 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,’’ he said.
In the oil and gas sector, 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 said.
“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.