President Tinubu Faces Daunting Task as Over N16.29tn Worth of Uncompleted Projects Await Completion

President Tinubu Faces Daunting Task as Over N16.29tn Worth of Uncompleted Projects Await Completion

…By Lola Smith for TDPel Media.

President Bola Ahmed Tinubu has assumed office and is faced with the responsibility of addressing a significant number of uncompleted projects that were left behind by the immediate past president, Muhammadu Buhari.

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Through the national monitoring and evaluation platform known as EYEMARK, it has been revealed that there are 33 ongoing projects that remain unfinished, with an estimated value of over N16.29tn.

The Lagos-Ibadan Expressway:

One of the major projects yet to be completed is the Lagos-Ibadan Expressway.

This project, spanning 126.6 kilometers, has reached approximately 85 percent completion.

Julius Berger Nigeria Plc and RCC are the companies entrusted with its execution, and it has been estimated to cost around N315bn.

The Bodo-Bonny Road:

Another significant project awaiting completion is the Bodo-Bonny Road, covering a distance of 37.9 kilometers.

Julius Berger has been assigned the task of constructing this road, which stands at 75 percent completion and is expected to cost around N200bn.

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The Minister of Works and Housing, Babatunde Fashola, has assured that this project will be finalized by December 2023, with funding from the Federal Government’s Tax Credit Scheme.

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The Nigeria-Morocco Gas Pipeline:

Among the incomplete projects, the Nigeria-Morocco Gas Pipeline stands out as the most expensive one, with an estimated cost of $25bn (approximately N11.52tn).

This ambitious project, led by the Nigerian National Petroleum Company Limited, is part of Nigeria’s National Gas Expansion Programme.

It involves the development of domestic gas pipeline infrastructure, including the Nigeria-Morocco and Trans-Sahara Gas Pipelines.

The Ajaokuta-Kaduna-Kano Gas Pipeline:

Another project in progress is the Ajaokuta-Kaduna-Kano pipeline, valued at $2.8bn (about N1.29tn).

This pipeline project, currently at 70 percent completion, has seen an expenditure of $1.1bn thus far.

The Nigerian National Petroleum Company Limited is overseeing its construction.

The Greater Abuja Water Project:

The Greater Abuja Water Project, estimated to cost $470.76m (around N217bn), remains pending.

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The government has not yet released the 20 percent counterpart fund necessary for the successful execution and delivery of the project.

The completion timeline for this project is uncertain.

Dualization of Akure-Ado Ekiti Road:

The dualization of the Akure-Ado Ekiti Road in Ondo and Ekiti states, valued at N90bn, is also among the ongoing projects.

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The Minister of Works and Housing, Babatunde Fashola, recently commissioned the project and assured that it would be completed within 24 months.

The Itobe Power Plant:

The Itobe Power Plant, a coal-fired power project with a projected cost of $5bn (approximately N2.3tn), remains incomplete, with progress currently at 30 percent.

The Eta-Zuma Group is the contractor responsible for this 2,400MW power plant.

Renovation of the National Assembly Complex:

The renovation of the National Assembly Complex has been projected to cost about N30.23bn.

Despite pressure for the completion of the remodeling before the inauguration of the 10th Assembly, the Federal Capital Development Authority has stated that the complex will not be ready until August.

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Other Projects:

Several other projects are still in progress, including the design and construction of the Nigerian Cultural Centre and Millennium Tower (N69.35bn), the development of FCT Highway 105 (Kuje Road) (N54.95bn), and the construction and equipping of hospitals at Gwarimpa Phase I (N3.03bn).

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Additionally, there are projects such as the construction of Bichi Township Roads (N1.40bn), Dawakin Tofa-Gwarzo-Dayi Road in Kano (N2bn), and the Abuja-Keffi Expressway and the dualization of the Keffi-Akwanga-Lafia-Makurdi federal roads in the North-Central geo-political zone of the country (N166.36bn).

Conclusion:

President Tinubu has inherited a substantial number of uncompleted projects, with an estimated value exceeding N16.29tn, from President Buhari.

These projects span various sectors and regions of the country, highlighting the need for efficient management and strategic planning to ensure their successful completion and delivery of the intended benefits to the Nigerian people.

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About the Author:

Lola Smith is a highly experienced writer and journalist with over 25 years of experience in the field. Her special interest lies in journalistic writeups, where she can utilize her skills and knowledge to bring important stories to the public eye. Lola’s dedication to her craft is unparalleled, and she writes with passion and precision, ensuring that her articles are informative, engaging, and thought-provoking. She lives in New York, USA.

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