Top 8 Abandoned Projects In Nigeria & Amount Wasted, Shehu Sani
One of the major challenges Nigeria has been grappling with is the deficiencies of basic infrastructural developments. And in the midst of these challenges, the country has wasted a lot of resources in big capital intensive projects that have been abandoned
It is either the conceptualisation of some of these projects were not been thought of, hence they turned out to be white elephant projects. Or some of them were not considered viable in commercial values
Some of these projects are in the areas of rail construction, power sector, steel industry, hospitality sector, tourism and transportation industries
Shehu Sani, a former senator and an opinion moulder listed top eight (8) of these abandoned projects, amount sunk and wasted;
1.Ajaokuta steel mills
Amount spent $8Billion.
2.Mambila Hydro Power plant
Amount spent $5.8Billion.
3.Brass LNG
Amount spent $10Billion but disputed by NNPC to be $1.9 Billion.
4.Abuja CCTV project
Amount spent $460 million.
5.Rivers State monorails.
Amount spent $400 million.
6.Dredging of River Niger
Amount spent N34 Billion.
7.Katsina Windmills
Amount spent N4.4Billion.
8.TINAPA resort
Amount Spent $350 million
