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$16 Billion Wasted: Top 10 Abandoned Projects In Nigeria - Politics - Nairaland

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$16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Opebiman: 9:31am On Jun 24

https://www.youtube.com/watch?v=CV3B-amFPVw
Nigerian Government has spent $16 billion and failed to deliver these projects. a country abundant in natural resources and human capital, has long been plagued by the phenomenon of abandoned projects. Despite ambitious plans and substantial investments, many initiatives have been left incomplete, leading to significant financial losses and missed opportunities for development.
below are the Top 10 abandoned Government Projects in Nigeria.
Number 10. Bayelsa Tower Hotel.
Amount Spent: 6 billion Naira.

The 18-storey five-star Tower Hotel project in Bayelsa State aimed to attract tourists and provide high-end accommodations.
The project cost initially put at 8 billion naira had to be put on hold after the contractor demanded an upward review. This is after 6 billion naira had been released.
Number 9. Abuja Millennium Tower.
Amount Spent: 34 billion naira.

The Millennium Tower and Cultural Centre project in Abuja began construction in 2006. At 170 meters, it is the tallest structure in Abuja. Despite being topped out in 2014, the project remains incomplete. The FCT Minister once promised to finish the project, but costs have ballooned from 50 billion naira to over 200 billion naira, with 34 billion naira already spent.

Number 8: Tinapa Resort.
Amount Spent: $350 Million.

The Tinapa Resort in Cross River State, designed to be a shopping and trading paradise, has fallen short of its potential. Initiated in 2005, the project was meant to transform 80,000 square meters of retail space into a bustling economic hub. However, despite $340 million spent, the resort remains largely unoccupied, a stark contrast to the vibrant center it was intended to be. This project, a legacy of former Governor Donald Duke, now lies in waste.

Number 7: Katsina Windmills.
Amount Spent: 4.4 billion naira.

The Katsina Windmill project, initiated in 2005 by former President Umaru Yar’Adua when he was governor of Katsina State, aimed to boost renewable energy and complement power projects across Nigeria. Despite over 4 billion naira spent, the project remains incomplete.

Number 6: Dredging of River Niger
Amount Spent: 34 billion naira.

The Lower River Niger Dredging Project, approved in 2011 during the Jonathan administration, aimed to improve navigability from Warri, Delta State, to Baro, Niger State. The project was allocated 47 billion naira, with 34 billion naira released to contractors. However, by 2016, the Nigerian Indigenous Ship-Owners Association (NISA) lamented the poor handling of the project, claiming no substantial dredging work had been done despite the significant funds allocated.

Number 5. Rivers State Monorail.
Amount Spent: $400 Million.

The Rivers State Monorail project, launched in 2009 under Governor Rotimi Amaechi was envisioned as a state-of-the-art, elevated transit system covering a distance of 12 kilometers. However, numerous challenges, including funding issues, political controversies, and technical difficulties, have stalled the project. By the time Governor Amaechi left office in 2015, the project was far from finished.

Number 4. Abuja CCTV Project
Amount Spent: $460 Million.

The Abuja CCTV Project, approved during President Goodluck Jonathan's administration, aimed to install over 2,000 surveillance cameras in strategic parts of the Federal Capital to improve security.
However, the project has faced significant setbacks. An investigation by the Seventh House of Representatives revealed that the project was far from completion, with many installed cameras non-functional and essential infrastructure, such as the command-and-control center, remaining incomplete. The lack of a coherent strategy for maintenance and operation further hindered the project's success.


Number 3. Brass LNG.
Amount Spent: $1.2 Billion

Brass LNG, an ambitious liquefied natural gas project Located on Brass Island, Bayelsa State, the facility was designed to produce up to 10 million tons of LNG per year, positioning Nigeria as a key player in the global energy market.

Despite significant investment, the project has remained in a state of limbo. Disputes over the actual amount spent have arisen, with the Nigerian National Petroleum Corporation (NNPC) estimating the expenditure at $1.2 billion. Regardless of the exact figures, Brass LNG's failure to progress has left a considerable gap in Nigeria's economic potential.

Number 2: Mambilla Hydro Power Plant.
Amount Spent: $5.8 Billion.
First conceived in the early 1980s, the project has faced numerous delays and setbacks. Despite multiple feasibility studies and design changes, it wasn't until 2005 that the Nigerian government signed an agreement to move the project forward. However, bureaucratic hurdles, funding challenges, and legal disputes have continually stalled progress till date.

Number 1. Ajaokuta Steel Mills.
Amount Spent: $8 Billion.

The Ajaokuta Steel Mill, located in Kogi State, Nigeria was designed to reduce dependency on oil by fostering a robust steel industry. However, the mill, which covers over 24,000 hectares, has never been fully operational. A myriad of challenges, including political instability, mismanagement, and funding issues, stalled its completion.The Nigerian government continues to express commitment to revitalizing the Ajaokuta Steel Mill, seeking foreign investment and partnerships to finally bring the project to fruition. As of today, over $8 billion has been spent, and the project remains moribund.

15 Likes 3 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Kayceo2010: 9:39am On Jun 24
cheesy
Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Deltatoto: 9:51am On Jun 24
Opebiman:

https://www.youtube.com/watch?v=CV3B-amFPVw

lagos calabar costal highway.amount spent UNKNOWN

51 Likes 7 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by everlybeloved(f): 9:58am On Jun 24
Omo

1 Like 1 Share

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by fnep2smooth(m): 10:20am On Jun 24
my own na Number 4. Abuja CCTV Project
Amount Spent: $460 Million.


You see those FCT federal workers fear them. They dont maintain or enforce anything. thats why some major facility in the capital dont work

43 Likes 7 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Paraman: 10:32am On Jun 24
I thought work is ongoing on Brass LNG by Tinubu administration?

4 Likes 3 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by ozo13(m): 10:48am On Jun 24
If govt is unable to move forward as regard the project , why not just lease it out.atleast it will create multitude of employments

4 Likes 1 Share

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by alpharoyalty: 10:55am On Jun 24
You forgot to add Nigeria Air

59 Likes 4 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by omowolewa: 11:14am On Jun 24
Ikere HyroDam that could have saved Lagos and Ogun from annual floods

COST: Β£400B

12 Likes 4 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Ekaette1621990: 12:04pm On Jun 24
While I'm here wasting N200 in Papa Akpan's palmy hut.😁😁😁😁😁😁


Anyway I laugh in Swahili πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Gilgil: 12:44pm On Jun 24
Nigeria is the biggest waste on earth, sadly.

Never have a people been so wasteful

28 Likes 1 Share

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by DevilsEqual(m): 12:52pm On Jun 24
cheesy

They all look like a good initiative. In fact, each of them has its own unique economic importance and would have been a very good project

Op, abeg, find way send this article go meet Tinubu, not sure there's proper handing over, a smooth one, enough to make the incoming ministry-in-charge aware of what and what should be taken a look at

FG should look for a way to get funds to complete them all

63 Likes 5 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by AngryMrMAN: 1:01pm On Jun 24
While helinues and his likes will clap for thier pay master because of cuz na south dey sweat for the whole one Nigeria nonsense.

14 Likes 2 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by shortgun(m): 1:01pm On Jun 24
The biggest waste of public fund is the coastal highway project by the most corrupt government in the history of Nigeria

27 Likes 4 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by omoredia: 1:01pm On Jun 24
Country of wasters and Educated morons

7 Likes

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Godsgift7837: 1:02pm On Jun 24
I no see Eko Atlantic for the list.

7 Likes

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by johnog4sure: 1:03pm On Jun 24
Gilgil:
Nigeria is the biggest waste on earth, sadly.

Never have a people been so wasteful
Correct, and honestly I am guilty, we need to start owning up, its not just the govt, even me, if u see d way I bastardize my car...

3 Likes

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by AngryMrMAN: 1:03pm On Jun 24
alpharoyalty:
You forgot to add Nigeria Air

No it's a northern something.

Let's kill emefiele and also leave buhari

11 Likes

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Chetas81(m): 1:03pm On Jun 24
THE BRITISH DO MISTAKE TO COLONISED NIGERIA, PRIMITIVE MENTALITY NEVER LEAVE US

3 Likes

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Olaide1295: 1:03pm On Jun 24
Past governments have been ultra wasteful. After many years of wastefulness, we are now seeing the effects.

7 Likes

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Chikel20000(m): 1:03pm On Jun 24
PDP will top dis list....known for waste

8 Likes 2 Shares

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by AngryMrMAN: 1:04pm On Jun 24
Chetas81:
THE BRITISH DO MISTAKE TO COLONISED NIGERIA, PRIMITIVE MENTALITY NEVER LEAVE US
.

The only mistake British make na to mix the South with North.

At least if it had ended with West better progress for dey

4 Likes 1 Share

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by NaijaCover(m): 1:04pm On Jun 24
Nigeria We Hail Thee

2 Likes

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by GlorifiedTunde(m): 1:05pm On Jun 24
Yet heads are not rolling undecided
No one is held accountable for mismanaged public funds in this country!

5 Likes 1 Share

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Felabrity: 1:05pm On Jun 24
Atiku, Tinubu and Obasanjo loot most of the budgets
Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by mytime24(f): 1:05pm On Jun 24
Next will b

Lagos-Calabar coastal highwayπŸ₯±

2 Likes 1 Share

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Sheistoopretty(f): 1:05pm On Jun 24
Nigerian men are use-less..... All of them

1 Like

Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by Judolisco(m): 1:06pm On Jun 24
embarassed
Re: $16 Billion Wasted: Top 10 Abandoned Projects In Nigeria by DJMix2498: 1:06pm On Jun 24

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