According to reports, President Bola Ahmed Tinubu inherited 33 uncompleted projects worth over N16.29 trillion from the outgoing president, Muhammadu Buhari.
According to Newsmen, the unfinished projects were found using the national monitoring and evaluation system known as EYEMARK, which was introduced last year.
The monitoring and assessment platform, which The PUNCH cites, indicates that around 33 projects still need to be finished, along with the total sum appropriated and disbursed so far.
I Am Confident Women Will Enjoy 35% Affirmative Action Under Tinubu – APC Woman Leader
The Lagos-Ibadan Expressway is one such project, with an estimated cost of N315 billion. The 126.6-kilometer road, which is being managed by Julius Berger Nigeria Pls and RCC, is reportedly 85 percent finished.
The Bodo-Bonny Road project is another one, with a N200 billion cost projection. 75 percent of the 37.9 kilometre road that Julius Berger is in charge of is said to be finished.
Fashola recently stated that the Bodo-Bonny Road project would be funded by the Federal Government’s Tax Credit Scheme and would be finished in December 2023.
The $25 billion (approximately N11.52 trillion) Nigeria-Morocco Gas Pipeline is another unfinished project. It is the unfinished project with the highest cost.
The Nigerian National Petroleum Company Limited is in charge of carrying out the National Gas Expansion Programme of Nigeria, which includes the construction of the Nigeria-Morocco and Trans-Sahara Gas Pipelines as well as domestic gas pipeline infrastructure projects.
UPDATE: Watch President Tinubu First Day At Work (Video)
Another undertaking is the $2.8 billion (approximately N1.29 trillion) Ajaokuta-Kaduna-Kano pipeline project, which is reportedly 70% finished. Additionally, the NNPC recently reported that $1.1 billion has already been spent on the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project.
Additionally, the Greater Abuja Water Project, which is anticipated to cost $470.76 million (or roughly N217 billion), is still pending because the government has not yet released the 20% counterpart financing necessary for the project’s proper execution and delivery.
Another project is the N90 billion dualization of the Akure-Ado-Ekiti Road in the states of Ondo and Ekiti. Last week, Fashola gave the go-ahead to dualize and build the Akure/Iju-Itagbolu/Ado-Ekiti road, which he stated would be finished in a matter of 24 months.
Another pending project is the $5 billion (about N2.3 trillion) Itobe power plant. The 2,400MW coal-fired power project is estimated to be 30% complete, with Eta-Zuma Group serving as the contractor.
Another project is the estimated N30.23 billion refurbishment of the National Assembly Complex. Despite pressure for the renovation of the complex to be finished before the start of the 10th Assembly, the Federal Capital Development Authority recently stated that it would not be ready until August.
The design and construction of the Nigerian Cultural Centre and Millennium Tower (N69.35 billion), the full-scope development of FCT Highway 105 (Kuje Road) from the airport expressway to the outer Southern Expressway with Spur at Kyami District (N54.95 billion), and the building and furnishing of hospitals at Gwarimpa Phase I (N3.03 billion) are additional projects.
Other projects in the country include the construction of the Bichi Township Roads (N1.40 billion), the Dawakin Tofa-Gwarzo-Dayi Road in Kano (N2 billion), the 5.4-kilometer Abuja-Keffi expressway, and the dualization of the 220-kilometer Keffi-Akwanga-Lafia-Makurdi federal roads (N166.36 billion).
Follow us on Facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.