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Nigeria Loses N17trn From Abandoned Projects
The Chartered Institute of Project Managers of Nigeria (CIPMN) has expressed concerns about the indiscriminate abandonment of projects in Nigeria.
It has also noted from research, that over 56,000 abandoned projects valued over N17trillion were littered across the country.
Team Lead of the Practice Sub-Committee of Chartered Institute of Project Managers of Nigeria, Inimi Stephen, made the disclosure, at their Annual General Meeting, investiture, induction, DUCAP training and award in Port Harcourt, Rivers State, at the weekend.
According to Stephen, Nigeria’s project environment has been characterized by a lot of failures and lots of abandoned projects.
He said cultural attitude of Nigerians towards projects execution is at variance with what is obtainable in other climes.
The team lead noted: “One of the peculiarities Nigeria has is that, there are so many things that occur in Nigeria that do not occur anywhere in the world. For example, let’s look at our culture. If you are managing a project in America, you would work from Monday to Sunday.
“But, in Nigeria, if you are managing a project in the South and you want your workers to come to work on Sunday, they (workers) would tell you, no, they are Christians. In the same vein, when you go to the North, on Fridays, they wouldn’t want to go to work.”
He disclosed: “A research was done and it was observed that over 56,000 projects had been abandoned in Nigeria. The value is worth over N17trillion and it is still counting.
“Some of these projects even if you complete them now would not be used. They are already obsolete. And some of them, in order to complete them, would cost four or five times their original budget.
“So, one of the mandates of this institute is to ensure that one, project management in Nigeria would now change this narrative. Nigeria is labelled by a lot of countries as projects management graveyard. If you drive along the roads, you see a lot of abandoned projects. It is very disheartening.
“So, we developed a methodology called DUCAP, which means Delivering Unified Contemporary Aggregated Project. This methodology was developed by professionals who came together and developed a methodology that would work for Nigerian projects”.
According to him, the institute was equipping its members through training, to enable them to overcome challenges that might confront them while executing projects.
“So, we designed courses that handle all these peculiarities that are unique to Nigerians”.
Another official of the CIPMN, Mrs. Victoria Okoronkwo, said the institute hosted the event in Port Harcourt, so that people in the zone would know that project management is no longer business as usual.”People should look at project management as what would help us develop this nation.”
On how to address the incessant building collapse, Okoronkwo said CIPMN wants to address it through getting members and by extension making members being involved in all projects execution.
“And whenever any project because a substandard project, we hold that person responsible. But, for now, we don’t have our people in the projects because we are just coming up.”
Vice Chairman of CIPMN Resources, Peter Latebe, said project management develops a nation, because “with good project management, you cut down on costs, your projects are on time, you ensure quality, you prevent building collapse, you prevent abandon projects.
“Nigerians today, have a lot of abandoned projects. It is so because the project managers are not there. Or, the project managers have not been able to use a methodology that suits the Nigerian environment.”
The theme of the programme is: ‘Driving National Development and Sustainability: Effective Project Management – The Engine Room’.
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RHI, RSG Empower 500 Senior Citizens In Rivers
The Renewed Hope Initiative in conjunction with the Rivers State Government has empowered 500 elderly citizens in Rivers State with financial support of N200,000 each.
The empowerment programme was part of activities to celebrate the third anniversary of the Renewed Hope Initiative Elderly Support Scheme RHIESS, a social investment policy initiated by the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu.
Speaking at the event which held at the Government House, Port Harcourt, recently, under the theme, ‘Finding Joy in Old Age,’ Senator Tinubu said the gesture which has become traditional since 2023 was a mark of gratitude in recognition of the invaluable contributions of the senior citizens to nation building.
The First Lady who was represented by the wife of the Rivers State Governor and State Coordinator of the Renewed Hope Initiative, Lady Valerie Fubara, said the scheme was to “support two hundred and fifty (250) vulnerable elderly citizens aged 65 and above in all the 36 states of the federation, the Federal Capital Territory, and veterans from the Defence and Police Officers’ Wives Association (DEPOWA) totalling 9,500 selected beneficiaries across the nation.
She urged the beneficiaries to engage in activities that will make them find joy in old age.
“I encourage you to continue playing your part by staying healthy and active, nurture both your body and mind through regular exercise and meaningful engagement,” Senator Tinubu advised.
On her part, Lady Fubara said the State Government through the magnanimity of the governor, Sir Siminalayi Fubara, has increased the beneficiaries of the programme from 250 to 500.
She restated the commitment of the State Government towards provision of social welfare and improving the standard of living of the elderly in the State.
Also speaking, the Executive Secretary, Rivers State Contributory Health Protection Programme (RIVCHPP), Dr Vetty Agala, said the State Government has through the Health4allrivers Initiative, introduced free medical care for senior citizens in the State, in line with the Renewed Hope Initiative.
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Expedite Action On MBA Forex Operator’s Prosecution, Rivers NUJ Tells EFCC
The Nigeria Union of Journalists (NUJ), Rivers State Council, has urged the Economic and Financial Crimes Commission (EFCC) to expedite the prosecution of the Director of the now distressed MBA Forex Trading, Mr. Maxwell Odum, in the interest of justice.
The Rivers State NUJ made the appeal during a courtesy visit to the EFFC’s Ag. Zonal Director, ACE Hassan Saidu, in Port Harcourt, recently.
The council’s chairman, Comrade Paul Bazia, said the appeal became imperative after it considered the number of Nigerians and others involved in the financial misconduct.
According to him, it has caused hardship among many households in the country and should be given the attention it deserves.
He said that investors cannot come into a country or invest in an economy or nation ridden with fraud.
This, he said, has made it more imperative to arrest, prosecute and convict alleged fraudsters like the MBA Forex Director, who is alleged to have defrauded thousands of unsuspecting Nigerians, to serve as a deterrent to others.
The chairman also requested that while the trial lasts, part of the swindled funds should be given to the victims that suffered loss and trauma as a result of the fraud.
The NUJ reiterated its resolve to change the narrative of reportage from crisis to developmental communication.
According to him, the NUJ’s main focus is blue economy and tourism.
He expressed the readiness of the Council to partner the agency in the area of information dissemination.
“We believe you have a responsibility to fight financial crimes. We also know that you need the Press to publicize your activities and NUJ can provide that,” he said.
Responding, the Zonal EFFC’s boss commended the NUJ’s vision to change the narrative of reporting from crisis to developmental communication.
According to Saidu, the Western world have since imbibed such culture, hence the negative stories about them are carefully sifted to allow only positive ones to be released to the outside world.
As for the trapped funds to be released, the EFCC Zonal Director stated that only the court can authorize such action, stressing that the primary responsibility of the Commission is to arrest and prosecute.
He pledged to partner with the NUJ now that the leadership has visited the Commission.
The Head of the Legal & Prosecution Department, DCE Odiase Stephen, corroborated the Zonal Director’s position and stressed that it was only when the matter has been determined by the court that such funds can be released.
He further stated that once a matter is before a court of competent jurisdiction, it cannot be discussed outside.
By: King Onunwor
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