CIC - Construction Intelligence Center

Nigeria’s Economic Recovery Growth Plan and the Outlook for Infrastructure

  • Published:Tuesday, April 25, 2017

Nigeria’s infrastructure construction sector will rebound in 2017 due to higher government spending, greater international borrowing, improvements in security, and better budget execution under the recently launched Economic Recovery Growth Plan (ERGP) 2017-2020.

However, challenges remain: a weakening currency, shortages of US dollars, and regulatory uncertainties will continue to negatively impact the sector.


The ERGP 2017-2020 builds on the Strategic Implementation Plan (SIP) for the 2016 Budget and covers strategies required to boost infrastructure investment and revive economic growth. The government estimates that it needs to invest US$3 trillion in infrastructure over the next 30 years. Given the scale of capital investment required to implement this plan effectively, the private sector is anticipated to play an important role in delivering infrastructure projects either directly or in collaboration with the government.


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