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Objective ParameterHigher is better

Capital Investment

Building the Future, or Funding the Present?

Why it matters. The share of spending that goes to capital projects — roads, water, clinics, schools — rather than recurrent costs is the clearest signal of investment in the future citizens will live in.

National best (Taraba)

224%

2nd: Zamfara

Lowest: Bayelsa

1%

3rd: Nasarawa

National median

58%

Is better

States scored

31

States unscored

Leading States

1Taraba
224%
2Zamfara
154%
3Nasarawa
146%

Trailing States

29Bayelsa
1%
30Ondo
17%
31Lagos
29%

The story in the numbers

Some states devote most of their spending to building; others are consumed by recurrent costs. The capital share is where ambition becomes infrastructure — or doesn't. The full report ranks every state.

Inside the full report

Five parts. The whole federation.

1

The National Ranking

The complete ranking of every state on capital investment, with citizen scores and sample sizes.

2

Three-Year Trends

How the picture moved across 2024–2026, and the zones improving fastest — and slipping.

3

The Regional Picture

Where the parameter is strongest and weakest by geopolitical zone, and what explains the pattern.

4

The Leaders' Playbook

The state initiatives behind the strongest results — verifiable, specific, and adaptable.

5

What to Do Next

What the evidence means for governments, partners and investors — anchored in global best practice.

A taste of the findings

"Gombe directed roughly two-thirds of its spending to capital projects — and shows in the best-rated roads and hospitals in the country."

The national challenge is recurrent costs crowding out investment; the report shows which states resist that pull.

Where the work remains

The recurrent trap.

Where salaries and overheads absorb the budget, little is left to build — the constraint the report examines, alongside the states that broke free of it.

Read the full parameter report

The ranking. The trend. The playbook. The proven move to close the gap.

Capital Investment — pSPI Parameter | pSPI