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[BUSINESS] · Nigeria, Thailand · 16 sources

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Part of situation: Nigeria fiscal and tax reform initiatives (3 clusters)

Nigeria seeks $78.5bn for 65 infrastructure and development projects

Project Nigeria private capital economic reform infrastructure investment fuel subsidy

Nigeria has unveiled a $78.5 billion investment portfolio comprising 65 projects to attract private capital during the IMF and World Bank Annual Meetings in Bangkok. The initiative, presented by Finance Minister Taiwo Oyedele and Central Bank Governor Olayemi Cardoso, targets sectors including energy, transport, agriculture, and manufacturing. The government estimates these projects could create approximately 366,763 jobs and support economic growth targets for 2027 or 2028.

Key individual projects include the $1.7 billion Project Reliaxx for crude oil infrastructure, the $1.29 billion Lagos Greenline Railway, and a $2.69 billion fertilizer plant. The energy sector represents the largest portion of the pipeline, accounting for 25 projects.

Separately, the International Monetary Fund (IMF) has advised Nigeria to avoid reinstating blanket fuel subsidies due to the significant fiscal strain they impose. Instead, the IMF recommends using targeted financial assistance for vulnerable households and exploring alternatives like transportation subsidies. This guidance comes as Nigeria faces high debt service obligations, with interest payments projected to consume roughly 53.7% of federal revenue in 2026. Additionally, the government is proposing an Economic Development Incentive (EDI) tax-credit scheme as an alternative to traditional tax holidays to further encourage investment.

Entities

Bangkok · Federal Government of Nigeria · International Monetary Fund · National Bureau of Statistics · Nigeria · Olayemi Cardoso · Rodrigo Valdés · Taiwo Oyedele · World Bank

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

IMF warns Nigeria against subsidy return [cedmagazineng.com]
Nigeria Takes $78. 5 Billion Project Pipeline to Bangkok, But Bankability Will Decide Its Fate [norvanreports.com]
Nigeria’s Inflation Falls to 14. 63% in September-NBS [tgnews.com.ng]
FG Seeks $78. 5bn For 65 Projects [theglittersonline.com.ng]
FG Seeks $78. 5bn For 65 Projects, Targets 366,763 Jobs [dailyreport.ng]
FG Plans Economic Development Incentives as Alternative to Tax Holidays [thepodiummedia.com]
Nigeria’s inflation rate drops to 14. 63% [bizwatchnigeria.ng]
IMF Backs Targeted Fuel Relief as Nigeria Faces Rising Debt Service Costs [investorsking.com]
Nigeria Pitches $78. 5 Billion Portfolio of 65 Projects to Global Investors [www.ecofinagency.com]
IMF Urges Nigeria To Boost Revenue, Protect Vulnerable Households [thewhistler.ng]
FG Seeks $78. 5bn to Fund 65 Projects - Economi Confidential [economicconfidential.com]
FG plans economic development incentives as alternative to tax holidays [www.nigerianeye.com]
What African countries, others can learn from Nigeria’s economic reforms – Minister [www.premiumtimesng.com]
The Revenue Reset: Following The Subsidy Savings From Reform To Results [www.thisdaylive.com]
IMF backs Nigeria’s monetary easing, says inflation fight remains unfinished [businessday.ng]
IMF warns Nigeria against subsidy return [punchng.com]