Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, has urged Nigeria to shift its focus from budget allocations to effective execution and maintenance of infrastructure, arguing that increased public spending alone cannot guarantee sustainable development.
Speaking on Monday at the 2026 Delta State Economic and Investment Summit, themed ‘Harnessing Our Strengths, Unlocking Our Potentials,’ the former Nigerian finance minister said the country must build a stronger maintenance culture while investing in critical infrastructure needed to drive growth.
According to her, the availability of natural and financial resources is insufficient without efficient implementation and long-term asset management.
“Endowments alone do not add value. Budgetary allocations alone do not lead to new roads, to good maintenance,” Okonjo-Iweala said.
She lamented the country’s weak maintenance culture, stressing that preserving existing infrastructure is as important as constructing new projects. She identified better ports, improved digital infrastructure and lower trade costs as key areas that require sustained attention to boost Nigeria’s competitiveness.
“We lack a maintenance culture in the country. We need maintenance. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation,” she said.
Okonjo-Iweala also pointed to improvements in Nigeria’s macroeconomic environment, particularly efforts by the Federal Government to stabilise the exchange rate and curb inflation, saying these reforms would strengthen the economic prospects of states if sustained.