Abandon Projects In Nigeria Cost Over 12Trillion Naira -Surveyors|marveltvupdate

Abandon Projects In Nigeria Cost Over 12Trillion Naira -Surveyors|marveltvupdate

Some of the uncompleted projects in Nigeria were estimated to cost N12 trillion as of August 2021. According to the Nigerian Union of Quantity Surveyors, it is estimated that over 56,000 projects have been abandoned in Nigeria. Some of these projects were abandoned by the Federal Government and the State neglected the rest.

Some of the popular abandoned projects in Nigeria you Ought to know comprise:

Ajaokuta Steel Project

The Ajaokuta Steel Project is an advanced steel project located in the Kogi State. The steel complex has almost reached 98% completion as far back as 1994. However, no steel was produced after the complex was abandoned. An estimated sum of $8 billion was spent on the project by the federal government. The abandoned project was conceived in 1976 by the administration of General Olusegun Obasanjo to develop industrialization and have a functional steel industry in the country. However, the project is still uncompleted to date.

Rivers Monorail project
Hon. Rotimi Amaechi, the former governor of Rivers state conceived the Monorail projects to ease transportation problems within the state. The project was designed at 12km at a total cost of N50 billion but the project got abandoned at 2.6km.

Nigerian Airways
Nigerian Airways first started as a West African Airways Corporation Nigeria in 1958 with Nigeria as majority owner. When the project was still functioning the Nigerian Airways had 20 planes and about 8000 staff serving her customers around West Africa and Europe. The project started declining by the 1980s and by 1999 the project was completely dead.

Federal Secretariat Ikoyi
Although now abandoned the Federal Secretariat Complex at Ikoyi, Lagos State, Used to be a huge facility providing office space for government businesses. The massive 15-story building edifice that constituted a landmark property on the main location in Lagos State is now a shadow of its former self.

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