FOCI Warns of Funding Crisis Halting Nigerian Construction Projects

The Federation of Construction Industry (FOCI) has issued a stark warning that Nigeria’s construction sector is facing a severe funding crisis, already causing the suspension of multiple projects. FOCI’s statement highlights a widening gap between project financing needs and available capital, a gap that threatens to halt the delivery of critical infrastructure. The construction industry, a key driver of employment and economic activity, is now at risk of losing momentum as contractors struggle to secure the necessary funds to keep works moving. FOCI’s alert underscores the urgent need for stakeholders—government, financiers, and industry players—to address the financing shortfall before more projects are stalled or abandoned.