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₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial - Politics - Nairaland

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₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by ogododo(op): 7:44am On Nov 12, 2024
FOR years, Nigeria has become a vault of abandoned projects, big and small. The abandoned projects scattered across Nigeria have exacerbated the country’s chequered infrastructure development trajectory. Contrary to the lofty promises accompanying many of the now-abandoned projects, the remains are monuments of shame and wasted resources. This is a testament to Nigeria’s perennial underdevelopment.

The Chartered Institute of Project Managers of Nigeria says the total value of abandoned projects in Nigeria is N17 trillion. This is obvious. The CIPMN registrar, Henry Mbadiwe, listed poor project planning, poor budgetary allocation, an inefficient legal system, corruption, and weak institutions as reasons for this.

A committee set up by former President Goodluck Jonathan in 2011 said that about 63 per cent of the projects initiated after Nigeria’s independence had been abandoned. The committee uncovered that the Federal Government abandoned 11,866 projects.

The Nigerian Institute of Quantity Surveyors estimated the country’s abandoned projects at around 56,000. The federal and state governments have played ignoble roles in turning Nigeria into a graveyard of roads, bridges, housing projects, white elephant airports, and other economically relevant projects.

Despite gulping $8 billion, the Ajaokuta Steel Company Limited has been abandoned by successful governments since 1978, thereby truncating the country’s industrialisation. Because of this, the country spends $4 billion on steel imports annually.

A report by the NDDC revealed that about 1,587 projects valued at N612.4 billion have been terminated or abandoned in the Niger Delta.

The 3,050MW Mambilla Power Project, conceived in 1972, and the 700MW Zungeru hydropower project, have yet to materialise.


Many dams that should have bolstered power generation remained either abandoned or underutilised. The Ikere Gorge Dam, with a 565-million-cubic-metre water reservoir, in the Iseyin LGA of Oyo State, has been abandoned. Its turbines, imported during the late Shehu Shagari administration, are gathering dust.


It is the same story at the 9MW hydropower station at the Oyan Dam in Ogun State. The three Oyan Dam turbines inaugurated in 1983 have never generated electricity. Meanwhile, according to a July 2020 report from the World Bank, 47 per cent (about 97 million) of Nigerians are entirely cut off from the national power grid.

Travelling has become hellish due to a plethora of abandoned roads. The Lagos-Ibadan Expressway reconstruction has not been completed after 20 years, and the Ibadan-Ife, Ife-Ilesa, Benin-Auchi-Okene-Abuja, and Port Harcourt-Aba-Owerri-Enugu roads are a death trap. The East-West Road has suffered consistent neglect. A former Ogun State Governor, Ibikunle Amosun, left behind many abandoned roads and flyovers, making lives unbearable for many Ogun border communities.

In May 2023, a Federal High Court ordered the government to account for the $460 million spent on the failed Abuja CCTV project.

The abandoned Rivers monorail and the Tinapa free trade zone in Cross River cost Nigeria multibillion naira in losses.

The 2019 Global Competitive Index Report ranked Nigeria 130th out of 141 economies surveyed for quality infrastructure facilities. The World Bank reports a massive infrastructure deficit with total infrastructure stock amounting to 30 per cent of GDP. This falls short of the international benchmark of 70 per cent it set.

Governments must trace these projects, carry out reassessments, and resuscitate viable ones. The contractors behind the abandoned projects should be investigated and prosecuted if found wanting. Money paid for contracts that were not done should be recovered. Infrastructure projects/ contracts should not be politicised to reduce politically induced abandonment.


The current situation where the recurrent component of the budget is bigger than the capital votes is unpalatable. The Federal Government must reduce the cost of governance to free up more funding for capital projects. Contract over-inflation should be arrested.

The state and local governments should wake up and attend to the components of the rundown infrastructure in their domains.
https://punchng.com/n17tn-abandoned-projects-debacle-2/

Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by BuyMeLand: 7:53am On Nov 12, 2024
Politicians and their cronies have wastefully frittered the wealth and resources of Nigeria.

They are brazen, fearless and ruthless.
Because they get away with their ill-stolen spoils.

Sometimes, "some powerful forces" inhibit and handicap the effects of the EFCC and the Judiciary ..
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by Racoon(m):
Meanwhile, in the heat of these Infrastructural deficits and abandonment is wherein Dave Umahi and the FG started another white elephant costal superhighway of fraud to reward cronies.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by atobs4real(m): 8:19am On Nov 12, 2024
They already used those projects as used and dump. Evil leaders every where
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by Perfectnumber6(m): 8:21am On Nov 12, 2024
Nigeria = Useless country
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by ogolemati: 8:22am On Nov 12, 2024
grin grin grin grin grin grin grin grin grin grin what a country of mudafuckers
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by jjcena(m): 8:22am On Nov 12, 2024
More will definitely be abandoned after each administration because those projects are what they use for stealing of public funds.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by ReubenE(m): 8:22am On Nov 12, 2024
Then they are starting another white elephant project coastal road.

For more reasons than one, most of the initiators were never genuinely ready to do those projects. They only started them to collect money.

If they want to divert money without much questions asked. They look for somewhere to start one project, appropriate enough of the money to themselves then leave it abandoned
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by nwirinedu(m): 8:22am On Nov 12, 2024
You can see the relationship between the debtors and the creditors, these foreign loans are just another means of sophisticated round tripping. When you look at the past performance of the current ruling class, then you can deduce that nothing will get better in this country.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by EmeeNaka: 8:24am On Nov 12, 2024
Sad! Sad!! Sad!!!.
Like what do the North and SouthWest leaders gain in abandonment of Federal projects throughout their years of leadership. What kind of unpatriotic lots are they?
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by Nigga44: 8:30am On Nov 12, 2024
God bless Governor Peter Mbah.

Most of the abandoned projects by former Enugu governors are coming back to life.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by GlobalWay: 8:36am On Nov 12, 2024
Wow!
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by mrvitalis(m): 8:40am On Nov 12, 2024
When u start feel good project with no economic analysis this is the results

It's like building a 5 star hotel in a village with borrowed money then your builders steal your materials

Nigerians want to have bullet trains, nice airports, sweet streets with a GDP per capita of less than 1000 dollars LMAOOO joke of the century

I was telling someone Tinapa failed because there was no economic basis for the project he said it's lack of maintenance... I said lack of maintenance is a symptom of the problem not the problem

There is no establishment that would be profitable and not be well maintained it not possible even with the worse leaders... When a project runs on losses the desire to maintain it drops
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by southsouthking(m): 8:41am On Nov 12, 2024
Nigeria, land of scrap.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by SuperEagles: 8:53am On Nov 12, 2024
Do not mind the Mr foolish. Leaders from Igboland do not abadon projects.

EmeeNaka:
Sad! Sad!! Sad!!!.
Like what do the North and SouthWest leaders gain in abandonment of Federal projects throughout their years of leadership. What kind of unpatriotic lots are they?
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by Gboom: 8:55am On Nov 12, 2024
EmeeNaka:
Sad! Sad!! Sad!!!.
Like what do the North and SouthWest leaders gain in abandonment of Federal projects throughout their years of leadership. What kind of unpatriotic lots are they?
Here you are again trying to absolve the leaders from your region whereas this abandonment is all over the country.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by Klington: 9:09am On Nov 12, 2024
huh
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by godwinkessi: 9:10am On Nov 12, 2024
I wish military can take over
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by MASTAkiLLAh(m): 9:19am On Nov 12, 2024
Racoon:
Meanwhile, in the heat of these Infrastructural deficits and abandonment is wherein Dave Umahi and the FG started another white elephant costal superhighway of fraud to reward cronies.
15 trillion naira misplaced priority just because an individual will benefit from tolls for decades. Nigeria is a mega crime scene
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by fmlala: 9:22am On Nov 12, 2024
It is well
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by CodeTemplarr: 9:30am On Nov 12, 2024
Looting exercises disguised as projects.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by highchief1: 9:40am On Nov 12, 2024
godwinkessi:
I wish military can take over
I was telling someone all the best projects in Nigeria today still remain the ones military did.nigeria is not ripe for democracy
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by COMPAQ(m): 9:46am On Nov 12, 2024
mrvitalis:
When u start feel good project with no economic analysis this is the results

It's like building a 5 star hotel in a village with borrowed money then your builders steal your materials

Nigerians want to have bullet trains, nice airports, sweet streets with a GDP per capita of less than 1000 dollars LMAOOO joke of the century

I was telling someone Tinapa failed because there was no economic basis for the project he said it's lack of maintenance... I said lack of maintenance is a symptom of the problem not the problem

There is no establishment that would be profitable and not be well maintained it not possible even with the worse leaders... When a project runs on losses the desire to maintain it drops
I disagree with you on Tinapa. The business case was reasonably solid. The main reason it failed was lack of FG support and the next Governor -Liyel Imoke - abandoning it.

During Donald Dukes governorship, Calabar was becoming Nigeria's tourist hub. Many people were leaving Lagos to go there for Calabar Carnival, then to Obudu cattle ranch and shopping at Tinapa.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by bid4rich(m): 9:47am On Nov 12, 2024
........because Nigeria's leadership has no roadmap.

Its about me, myself, my family, self ambition etc

Every successive government always starts a project afresh to build a false legacy, yet abandoned them if they are not reelected or if the next president did not come from the same party
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by BlueRayDick: 9:50am On Nov 12, 2024
Until we adopt a culture of naming & shaming government officials responsible for issuing the contracts and contractors responsible for abandoning the projects, nothing will change as far as abandoned project is concerned in this country.

I remember how a senior colleague used to lament about the road projects and flyovers abandoned by Amosun in Ogun state. Today Amosun is a senator representing the same state he left so many abandoned project in the senate.

In a sane country someone like Amosun should never be allowed near public office again.
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by mrvitalis(m): 9:50am On Nov 12, 2024
COMPAQ:
I disagree with you on Tinapa. The business case was reasonably solid. The main reason it failed was lack of FG support and the next Governor -Liyel Imoke - abandoning it.

During Donald Dukes governorship, Calabar was becoming Nigeria's tourist hub. Many people were leaving Lagos to go there for Calabar Carnival, then to Obudu cattle ranch and shopping at Tinapa.
Lol 😂😂😂

Like you traveled to calabar then? How many Nigerians can afford plane ticket not to talk about people

I was in calabar many times then it was over hyped

How many Nigerians do you think spends 10 dollars per day?

You need at least 10 million people with capacity to spend 30 dollars a day... For such a project to work.

In the locality u need at least 200,000 people to have that capacity to spend 50 dollars per day to make it viable.

Nigerians are poor, we don't have business population Ghana has far more business population than us
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by EmeeNaka: 10:07am On Nov 12, 2024
Gboom:
Here you are again trying to absolve the leaders from your region whereas this abandonment is all over the country.
it has been north and South West ruling this country
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by Gboom: 10:17am On Nov 12, 2024
EmeeNaka:
it has been north and South West ruling this country
There were representatives/leaders from each region who misappropriate the funds from these abandoned projects
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by OkCornel(m): 10:26am On Nov 12, 2024
It’s a fraud bazaar
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by Kingpele(m): 10:42am On Nov 12, 2024
Odiegwu... the combined incompetence of fulani hausa and yoruba people has reduced Nigeria to the position of a failed state...
Re: ₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial by StaffofOrayan(m): 10:59am On Nov 12, 2024
I remember when Russia announced they would help with Ajaokuta steel complex, the next day a nameless British company came out and said they would do it for free, that day I knew we were slaves
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