One of Nigeria’s greatest developmental setbacks is the prolonged abandonment of capital projects scattered across the length and breadth of the country. The abandoned projects in rot are valued at a whopping twenty trillion naira, which has for decades remained a huge embarrassment to the country.

It has defied all solutions and exacerbated the country’s chequered infrastructure development trajectory. Contrary to the lofty promises accompanying most of the abandoned projects, the remains are monuments of shame and wasted resources. This is no doubt an obvious testament to Nigeria’s perennial underdevelopment. The reasons for this monumental setback include, poor project planning, poor budgetary allocation, inefficient legal system, corruption and weak regulatory institutions.A committee set up by former President Goodluck Jonathan in 2011 had revealed that about 63 per cent of the projects initiated after Nigeria’s independence had been abandoned. The committee’s disclosure that the federal government, as at that time, had abandoned 11,866 projects was damning. Today, the ugly trend has moved from bad to worse, thus prompting members of the House of Representatives to constitute an ad hoc committee to look into the matter.The lawmakers’ decision followed the adoption of a motion of urgent national importance sponsored by the Minority Leader, Kingsley Chinda, during plenary session penultimate week. Chinda had explained that the investigation aims to curb further wastage of public resources and facilitate the recovery of valuable national assets. The lawmaker drew the attention of the House to the 11,866 abandoned federal projects nationwide, which he said represents approximately 63 percent of all projects initiated since independence; thus agreeing with the 2011 committee report of the Goodluck Jonathan administration.Among the major abandoned property highlighted by the lawmaker are the Federal Secretariat Complex in Ikoyi, Lagos; the Nigerian International Hotel, Suleja, Niger State; Millennium Tower, Abuja; the Federal Inland Revenue Service (FIRS) Building in Abia state; the National Library Headquarters, Abuja; the Nigerian Newsprint Manufacturing Company, Kaduna; the Kaduna Textile Building; and the Nigerian Aluminium Smelting Company, Delta state; among others.It is noteworthy that federal and state governments have played ignoble roles in turning Nigeria into a graveyard of incomplete roads, bridges, housing projects, white elephant projects, airports, most of which could have contributed immensely to the growth of the nation’s economy. Despite gulping $8 billion, the Ajaokuta Steel Company Limited has been abandoned by successive governments since 1978, thereby truncating the country’s industrialisation. Given this gap, the country spends about $4 billion on steel imports annually.Furthermore, investigations revealed that the Niger Delta Development Commission (NDDC) has terminated or abandoned about 1,587 projects valued at N612.4 billion, a development contrary to the essence of the commission.Again, the 3,050MW Mambilla Power Project, conceived in 1972, is 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 rusting away. It is the same story at the 9 MW 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.Traveling by road in the country today has become hellish due to a plethora of abandoned road projects. 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 death traps due to their terrible state of dilapidation. Ditto East-West Road which has suffered consistent neglect. In the South-west successive administrations left behind many abandoned roads and flyovers, making lives unbearable for many Ogun border communities.In May 2023, a Federal High Court ordered the federal government to account for the $460 million spent on the failed Abuja CCTV project. And considering the alarming rate of robberies and the growing spate of kidnappings and banditry in Abuja; the failed Abuja CCTV project could have prevented criminals from carrying out their nefarious activities. But it was abandoned because individuals and officials with itchy fingers connived and diverted the funds earmarked for the project.Again, the abandoned Rivers monorail and the Tinapa free trade zone in Cross River cost Nigeria multi billion 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.From whichever angle one looks at it, there is a compelling need for the federal government to bring an end to the unending culture of abandoned projects. The government should initiate an intentional review of abandoned projects by tracing them and carrying out comprehensive reassessments to 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 unacceptable. The federal government must reduce the cost of governance to free up more funding for capital projects. Civil servants and government officials involved in inflating contracts should henceforth be investigated and brought to book. It is high time for the federal government to revive abandoned projects through Public Private Partnerships (PPP) and other creative infrastructure contract models.However, some government projects face abandonment due to unforeseen environmental and social challenges. Issues such as land disputes, resistance from local communities and ecological concerns can delay or completely halt project implementation. In some cases, inadequate consultation with affected communities leads to conflicts that prevent project completion. Additionally, natural disasters, extreme weather conditions, and changing environmental policies may render some projects impractical to continue.The abandonment of government projects has far-reaching consequences that negatively impact economic development, social welfare and public trust in governance. These consequences manifest in various ways, affecting both the government and the local communities that depend on these projects. When government projects are abandoned, significant amounts of public funds are wasted. Money spent on planning, procurement, and partial implementation yields no tangible benefits, leading to financial losses that could have been allocated to other developmental initiatives.Abandoned projects discourage investor confidence, particularly in the infrastructure sector, where private sector participation is crucial for economic growth.Frequent project abandonment also erodes public trust in government institutions. Communities that repeatedly witness the initiation and subsequent discontinuation of essential projects develop skepticism about the government’s ability to deliver on its promises. This loss of confidence can result in political instability, reduce civic engagement and create youth restiveness.DAILY ASSET strongly believes that bureaucratic inefficiencies and weak regulatory mechanisms contribute in no small measure to project abandonment. This, coupled with inadequate coordination among government agencies are some of the contributing factors to project abandonment in the country. Political factors which give room to the abandonment of government projects should be discouraged. New administrations should not discontinue projects initiated by previous ones due to political differences and personal interests or changes in policy direction.This anomaly is particularly common when governance becomes highly politicized where successive governments fail to uphold continuity of infrastructure policies, programmes and projects as politicians often prioritize projects based on political considerations rather than actual community needs. This leads to the initiation of projects that lack long-term sustainability. By and large, authorities concerned must avoid delays in the release of funds to contractors. The lack of transparency and accountability within public institutions further exacerbates the problem, as project managers and contractors may exploit loopholes for personal gain, leading to project delays or total failure. The time to turn a new leaf is now!

The Federal Government of Nigeria took a significant step to curb recurring violent clashes between cattle herders and farmers with the establishment of the Ministry of Livestock Development in July 2024. Aside from the mandate to work out a pragmatic framework to address and curtail herders- farmers’ violent clashes, it is also mandated to implement very important aspects of livestock developments to stimulate and accelerate protein and nutritional value as well as guarantee food security.

Although livestock development was hitherto a department under the Ministry of Agriculture, its establishment to a full-fledged ministry is a deliberate design to boost and unlock those hidden economic and socio-political potentials in the sector.President Bola Tinubu, during the establishment of the ministry charged its management team, led by Alhaji Miktar Idi Maiha to drive a new era of transformation, innovation, and sustainable growth in the livestock sector.In line with its vision, the ministry has already developed a 15-year investment plan, known as the National Livestock Master Plan (NLMP), to transform the country’s livestock sector to accelerate food security, rural prosperity, and national economic growth.With the determination to achieve its desired goal, the ministry has forged strategic partnerships with international investors, agencies, and diplomatic missions to secure technical expertise, financing and investment in the livestock industry. Already, it has forged partnerships with Brazil, China, the Czech Republic, Denmark, Egypt, Mexico, Morocco, Saudi Arabia, Sweden, the United Kingdom, and the United States.The ministry is also addressing challenges of poor infrastructure affecting the ranching of animals and revamping of grazing reserves nationwide, equipping them with feed and fodder facilities, water resources, veterinary services, and schools for pastoral families.These initiatives are aimed to increase the livestock sector’s contribution to the country’s GDP from 5% to 10% by 2030. This will no doubt create millions of jobs and produce sufficient meat, dairy, and other animal products to meet domestic demand and compete in the global market.In particular, the ministry plans to generate over 500,000 new jobs to reduce unemployment and drive rural economic growth beginning from 2027.All of these demonstrate the government’s commitment to repositioning the livestock ministry to unlock the sector’s potential for economic growth and development.For instance, the ministry plans to partner local and international vehicle assembly plants to design and market specially built vehicles suitable for safety transportation of animals, be they large or small and birds, without compromising their nutritional value in line with international best practices.Alhaji Miktar Idi Maiha, Minister in charge of the ministry had assured the nation that the ministry would evolve modern techniques of animal husbandry in educating and enlightening the nomadic pastoralists who constantly move about with their cattle – a source of friction with farmers – to embrace the ranching of their cattle. Although he acknowledged the herculean task ahead, he expressed optimism and determination of the government to achieve the desired goals within a plausible short time for the overall good of the country.DAILY ASSET is in total support of this laudable initiative. The world is advancing technologically by evolving new techniques of doing things. Nigeria’s pastoralists cannot cannot be left in the era of the stone age of roaming about with cattle in the name of tradition that is out of reality with modern times.Government’s deliberate push for establishment of animal ranches, which invariably would transform to establishments of better abattoirs, veterinary and conventional clinics, cottage industries for meat processing, hides and skins, et al. Nigeria will make a quantum reap not just in taming the herders and farmers violent clashes with attendant toll on human lives and property but the multiplier effect of economic growth, job creation and better protein diet would be achieved.Attaining these lofty goals requires pragmatic political will by the government through adequate funding of the young ministry to enable it implement sensitisation programs together with the core objectives lined up for the overall transformation of the livestock sector.

Nigeria’s electricity tariffs conceived to improve the power sector has more or less become a big burden on Nigerians and by extension the nation’s socio-economic fabric. The tariffs for Band A customers were increased in April 2024, by the Nigerian Electricity Commission (NERC) from N68 to N209.

50 and later to N260,80 per kilowatt (kWh) in order to improve service delivery for a minimum of 20 hours daily. Unfortunately, the increase has not been able to achieve its objective because it is disproportionately affecting the targeted customers. This ugly development has been met with huge backlash as a result of inconsistencies in service delivery and the resultant reliance on generators by the very Band A customers who are supposed to enjoy 20 hours of uninterrupted supply daily. The Bands B-E are even worse off as customers in this category experience almost total darkness. They enjoy only flickers of light once in a long while.The very few who have the means opt for solar energy and generators. The impact of this setback is higher consumer bills and economic hardship for households and businesses, rubbishing the essence of the initiative to improve energy supply and infrastructure in the country.It is fair to state that the tariff regime has not lived up to expectation because it has failed to achieve its objectives of increased power supply and provision of infrastructure for greater efficiency. Rather, the initiative has drastically reduced affordability, especially for low-income households who have no alternative energy sources like generators and solar energy.The harsh reality of the policy is increased cost of production for small and medium enterprises, a grossly counter-productive move – hurting the performance of the manufacturing sector and affecting the growth of Nigeria’s economy.Electricity as a critical input in manufacturing processes has a significant impact on production costs and prices of products. The huge expenditure on electricity will invariably push up inflation.In today’s Nigeria, electricity is no longer a public utility, it is a luxury. Those who can pay more get more. Everyone else must contend with erratic supply, high self-generation costs, and rising economic uncertainty.The federal government is aware that tariffs hike is unsustainable. A reason many of the government’s ministries, Departments and Agencies (MDAs) cannot afford to pay their huge electricity bills running into trillions.The huge bills and erratic power supply can be attributable to the N10 billion solar energy project recently approved by President Bola Tinubu for installation at the Presidential Villa. If the presidential villa – the seat of power – can expend billions of Naira for alternative power supply, the answer for ordinary citizens is – perpetual darkness.Until the power sector is restructured not just for profitability but for inclusivity, millions of Nigerians will remain trapped in darkness. The ripple effect has been visible in factory closures, job losses and increased production costs, thus worsening inflation and weakening Nigeria’s industrial base.The federal government’s insistence that tariff increase was necessary to attract investments into the power sector and improve service quality over time, holds no water. This is because electricity Generating Companies (GenCos) and Distribution Companies (DisCos) in spite of the privatisation have not made any significant investments to improve power supply more than 10 years after their take over. Consequently, millions of Nigerians have not experienced the so-called improved power supply.President Tinubu’s administration, which promised improved access to electricity during the 2023 electioneering campaign, now faces growing public frustration. Critics say reforms that favour profit over public good have betrayed that promise.The impact on the manufacturing sector has been very severe. According to the Manufacturers Association of Nigeria (MAN), companies across the nation spent over N1.11 trillion on alternative energy in 2024, a 42% rise from the corresponding year. “This crisis is not just limited to high-ranking officials, it is also affecting industries and ordinary Nigerians alike,” MAN had cried out.Again, the prioritisation of Band A customers by Distribution Companies (Discos) has created what is now tagged – electricity elitism, a two-tier system where those who can afford to pay more enjoy electricity, while the poor and needy are left in the dark. Discos insist that this model ensures cash flow to maintain infrastructure that is seemingly non-existent.While stakeholders argue that subsidy removal or tariff hike reduces significant financial burden on the federal government – allowing for more targeted support for vulnerable populations, what is actually on ground is a far cry from such a claim.A financially healthy power sector, equipped to operate and manage its resources efficiently, under normal circumstances, should be the norm rather than the exception.DAILY ASSET is of the view that for there to be a seamless and crises-free power sector, genuine and concrete steps must be taken to address the challenges bedevilling the sector.One significant step must be a thorough audit to ascertain if the GenCos and DisCos have made any appreciable investment to beef up infrastructure in keeping to the terms and letters of the privatisation, which handed them the critical national assets.Additionally, government’s MDAs must be made to pay for electricity bills they consume as all of them have annual budgetary provisions for electricity supply.