Nigeria abandons N12trillion projects, says institute

The Chartered Institute of Project Programme and Project Portfolio Management of Nigeria (CIPPPMN) has said that the projects abandoned by the three tiers of government in the country are worth N12 trillion.

The President CIPPPMN, Dr Victoria Okoronkwo, said this on Saturday at the end of the organisation’s mid-year conference, featuring induction and honorary awards at the institute in Abuja.

She said the figure was the outcome of an inventory conducted by the institute.

“The institute sent out its officials to the six zones to find out the number of abandoned projects and their value”, she said.

In 2011, the institute estimated the 12,000 abandoned Federal Government’s projects at over N8 trillion.

Okoronkwo said the institute was ready to partner governments to drastically reduce the wastage of the nation’s hard resources.

“The institute has proposed to the 774 Local Government Areas in the country for partnership in the development of project management units.

“This proposal will be also be extended to the states’ and Federal Government ministries, agencies and parastatals,” she said.

Ten people were inducted as chattered fellow members of the institute.

They included, Dr Emman Onoja, Mr Amakiri-Whyte Bom, Mr Tom Omeje, Dr Jamilu Yankwashi, Mrs Evelyn Honesty, Mr Shaubu Osilama, Mr Ukpabi Iheanyichukwu and Mr Olaiya Jelil.