Economy

States’ capital spending plunges 58% as 2027 politics intensifies

The capital expenditure by 26 state governments plunged by N2.19tn within three months in the first quarter of 2026, raising concerns over slowing infrastructure development and worsening fiscal pressures as politics for next year’s elections intensifies. An analysis of quarter-on-quarter financial reports published on the official websites of the states showed that total capital expenditure […]