The Independent Media and Policy Initiative (IMPI) has defended the borrowing policy of President Bola Ahmed Tinubu’s administration, stating that Nigeria requires massive infrastructure funding to address decades of deficit in critical sectors of the economy.

In a statement issued in Abuja, the group said the country’s infrastructure challenges cannot be tackled through yearly budgetary allocations alone, insisting that borrowing remains a necessary option for national development.

According to IMPI, inadequate infrastructure in transportation, power supply, and digital connectivity has continued to slow economic growth and negatively impact the living conditions of Nigerians.

The policy group noted that Nigeria would require trillions of dollars over the coming decades to bridge its infrastructure gap and meet the demands of a growing population and economy.

It also stressed that sustained investment in roads, rail, aviation, energy, and digital infrastructure would boost economic activities, improve connectivity, create jobs, and enhance national productivity.

IMPI further commended the Tinubu administration for increasing capital and infrastructure spending in the 2026 budget, describing the move as a significant step toward economic transformation.

The group maintained that prioritising infrastructure development, even through debt financing, would position Nigeria for long-term growth and competitiveness.