Introduction: The Project Abandonment Problem
Jimoh Ibrahim (),
Christoph Loch () and
Kishore Sengupta ()
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Jimoh Ibrahim: University of Cambridge
Kishore Sengupta: University of Cambridge
Chapter 1 in How Megaprojects Are Damaging Nigeria and How to Fix It, 2022, pp 1-7 from Springer
Abstract:
Abstract While large project performance problems have been observed in many countries, the failure in Nigeria is greater because since 1960, two-thirds of very large projects did not just “fail” but were abandoned, leaving ruins behind. Nigeria has no systematic data on what has been spent, but the sums are clearly huge—the 38 projects alone that this investigation considers in detail represent a total budget of over $25B, almost equalling Nigeria’s total foreign debt ($27B) in 2017. Therefore, there needs to be an investigation: what are the causes of this situation, what are the specific reasons in the Nigerian context, and what might be done to remedy this? This introduction chapter outlines the approach of the investigation and summarizes what will be discussed in each chapter.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-96474-0_1
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DOI: 10.1007/978-3-030-96474-0_1
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