In recent years, Nigeria's transportation network has expanded to accommodate a growing population. According to the National Bureau of Statistics (NBS), the transport and storage industry was valued at N2.6 trillion (or $6.9 billion) in 2020 at current basic prices, down from N3 trillion (or $8 billion) in 2019. This was reflected in a lower contribution to GDP in the fourth quarter of 2020, which was 1.8%. This was up from 2.1% in the same period the year before, but it was still lower than the 0.8% that was recorded in the third quarter of 2020. In order to fully realize the country's economic potential, the sector faces one of the most significant obstacles: meeting the needs of both large coastal cities and rural inland communities. This is especially true for agriculture and mining, which are both anticipated to gain from two large-scale projects: the Kano-Maradi rail line in the north of the country and the Lekki Port in Lagos.

The government is giving priority to the development of transportation networks despite the fact that they have historically received inadequate funding. This is due to the fact that improved connectivity is essential for supporting growth in non-oil sectors like manufacturing and agriculture. The country will be able to connect rural and underserved communities to commercial centers and diversify its income sources away from oil. In addition, it is anticipated that the 102.8 million urban residents of Nigeria will benefit from planned intra-city mass transit projects.