Abandoned, failed projects could plunge Nigeria into economic quagmire – CIPMN - Oasis Connect || No 1 Entertainment Blog

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Abandoned, failed projects could plunge Nigeria into economic quagmire – CIPMN

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The Chartered Institute of Project Managers of Nigeria, CIPMN, yesterday, raised an
alarm that the rising rate of abandoned and failed projects across the country is
attaining a worrisome dimension and could plunge the country deeper into an
economic quagmire if something urgent is not done to stem the tide.
•Abandoned Administrative Block
Addressing newsmen in Abuja, President and Chairperson of the Governing Council of
the CIPMN, Mrs. Victoria Okoronkwo, stated that the institute would soon present a
wholistic data on the number and value of abandoned and failed projects nationwide.
She said, “While creating awareness in the six geo-political zones, our team confirmed
that the rate of abandoned projects in the country is alarming and we could have
started forming a data base on them, but for logistics issues.
“There is much corruption in Nigeria, bothering on abandoned projects and failed
projects, and we all know that it is Nigerians and the people that these projects are
meant for that normally suffer whenever contracts are awarded to irresponsible, corrupt
contractors and corrupt agents.”
She further stated that the Institute is considering setting up project management units
in all the 774 local government areas in the country, in a bid to collate and monitor
data on all projects, including ongoing, failed and abandoned ones and also to build
the capacity of personnel in project implementation.
“We, therefore, appeal and urge all parties concerned in project-related corruption to
change for good and we also want to call on all individuals handling projects in
Nigeria to join and register with the CIPMN and be properly guided in the execution of
projects everywhere in Nigeria,” she added.
Okoronkwo commended President Muhammadu Buhari for signing the CIPMN Bill into
law in January 2018, while she noted that the institute was already enjoying the
support and patronage of some ministries and agencies of government to ensure that
all projects are properly executed.
She said, “However, it is important for us to note that this institute’s establishment
was overdue as our great country is a developing nation whose project managers must
use both human and material resources to achieve the ultimate goal of developing this
“Moreover, project management is a major plank of governance at all strata of society.
In both public and private sectors of all societies, professional and sustainable project
planning and management has become crucial and important in the initiation,
articulation and implementation of projects.
“As such, at all times and levels, human capital and materials are usually deployed to
facilitate the design, plan, implementation and management of projects.”
The chairperson noted that in signing the Bill, President Muhammadu Buhari had
mandated it to provide training, knowledge, education and examination of persons
desiring to become professional project managers or consultants according to the
provision of the Act, whether in Nigeria or abroad.

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