Thursday, May 24, 2012
   
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‘Abandoned projects not good for nation’s economy’

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Unfinished and abandoned projects, whether buildings, bridges or roads in the country mean loss of human, economic and financial resources, and  government should ensure that starting and abandoning projects in the country becomes a thing of the past.

This was the view of the immediate past president of the Nigerian Institute of Architecture (NIA), Mr Tunji Bolu, in a chat with Property and Environment, recently. 

When speaking on the implication of having values tied down in uncompleted projects, Mr Tunji Bolu indicated that that when huge financial resources were tied down in such manners, it spelt no positive thing for the economy of the nation. He also added that in such a situation, it was not impossible that some people would capitalise on the laxity in the system to enrich themselves.

 ”It is generally not good for a nation to have too many uncompleted projects; this shows lack of planning and wastefulness of resources. In such a situation, many of the contractors will not be paid, and people will not be happy,” Mr Bolu declared.

He also added that before projects could be started, a sizeable amount of time should be spent on planning so that at the end of the day, such projects would not turn out to be white elephants.

“This trend is not encouraging and should not be encouraged. Without adequate planning, we will head nowhere. Planning helps to prevent projects, especially expensive ones, from becoming stunted,” the ex-NIA president advised.

Nigeria, through successive government and over the years, has been said to have many unfinished and abandoned projects, which has been adduced to government’s ineptitude attitude, corruption, among others.

Therefore,  govern-ments at all levels have been urged to subsequently take cognizance of these facts, learn from their previous mistakes, always seek the opinion of experts, and give room for adequate planning, so that the nation’s revenue, meant to be used to provide basic infrastructural amenities such as roads for all Nigerians, will not be tied or lost on uncompleted projects.

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