However, the bank stressed that mobilising such financing would require a much stronger domestic revenue base, deeper financial markets and more efficient use of both public and private capital. According to the AfDB, the country’s development challenge extends beyond the availability of financing to structural weaknesses that continue to limit economic productivity. The bank noted that Nigeria’s debt burden compares favourably with many African economies, yet the country’s productivity indicators remain weak. The AfDB nevertheless acknowledged improvements in domestic revenue mobilisation, noting that government revenue increased from 10.8 per cent of GDP in 2024 to an estimated 13.5 per cent in 2025 following tax reforms and stronger revenue administration. It therefore advised that the government should look towards a development model anchored on stronger domestic revenues, higher productivity and sustained private sector participation.