Over N16.29 trillion in unfinished projects from Muhammadu Buhari’s administration have been officially passed on to Bola Tinubu, the new president of Nigeria.
The projects were discovered using the national monitoring and assessment system, EYEMARK, which Buhari introduced in December of the previous year.
About 33 projects still needed to be finished, according to the national monitoring and evaluation portal EYEMARK.
One such project is the allegedly N315 billion Lagos-Ibadan Motorway. According to estimates, this 126.6-kilometer road is 85 percent finished.
The Federal Government once more delayed the reopening of the Lagos-Ibadan Motorway, claiming that the original target date of April 30 was no longer viable.
The development, according to the former Minister of Works and Housing Babatunde Fashola, was brought on by the Lagos-Ibadan Expressway’s Kara Bridge section’s heavy traffic from the toll gate.
According to the EYEMARK app, the project’s contractors are Julius Berger Nigeria Pls and RCC.
The Bodo-Bonny Road project is another one, with a projected cost of N200 billion. The 37.9 km long road that Julius Berger is in charge of is currently at 75% finished.
The Bodo-Bonny Road project will be finished in December 2023, according to Fashola, who also praised the ongoing development on the project, whether or not Buhari is in power.
He claims that the Federal Government’s Tax Credit Scheme, into which Nigeria’s Liquefied Natural Gas and other significant businesses, like Dangote and the Nigerian National Petroleum Corporation, are investing, provides the project’s finance.
Another project is the $25 billion (or N11.52 trillion) Nigeria-Morocco Gas Pipeline. 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.
On the Nigeria-Morocco Gas Pipeline Project, the NNPC has inked five Memoranda of Understanding with national oil firms and pertinent entities of five African nations. The five national oil firms and pertinent organisations are from Sierra Leone, Gambia, Ghana, Guinea, and Guinea-Bissau.
The $2.8 billion (approximately N1.29 trillion) Ajaokuta-Kaduna-Kano pipeline project is a different undertaking and is reportedly 70% finished.
Oando Plc, Brentex Petroleum Services Ltd, Oilserve Ltd, and China Petroleum Pipeline Bureau are some of the contractors.
Prof. Yemi Osinbajo, the former vice president, recently said that the project would contribute to the production of 3.6 gigawatts (3,600 megawatts) of power and noted that the AKK pipeline was a significant project of the Buhari administration.
Additionally, the NNPC recently reported that $1.1 billion has already been spent on the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project.
The Greater Abuja Water Project’s counterpart finance, which is anticipated to cost $470.76 million (or roughly N217 billion), is still outstanding.
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.
He also mentioned that the lengthy process necessitated by the new procurement law contributed to the delay in the road’s award and commissioning.
Other unfinished projects are the Itobe power plant, with a project cost of $5bn (about N2.3tn), the design and construction of the Nigerian Cultural Centre and Millennium Tower (N69.35bn), the full scope development of FCT Highway 105 (Kuje Road) from the airport expressway to the outer Southern Expressway with Spur at Kyami District (N54.95bn), and the construction and equipping of hospitals at Gwarimpa Phase I (N3.03bn).
Also, the construction of Bichi Township Roads (N1.40bn), the construction of Dawakin Tofa-Gwarzo-Dayi Road in Kano (N2bn), and the 5.4 kilometres Abuja- Keffi expressway and the dualisation of the 220 kilometres Keffi- Akwanga-Lafia- Makurdi federal roads in the North-Central geo-political zone of the country (N166.36bn) are the rest of the projects waiting to be completed.
