President Bola Tinubu has officially inherited uncompleted projects to the tune of N16.29 trillion from his predecessor, Muhammadu Buhari.
The projects were identified through the national monitoring and evaluation platform, EYEMARK, which was launched by Buhari in December 2022.
The national monitoring and evaluation platform showed that about 33 projects which started under the administration of Buhari were yet to be completed.
One of such projects is the Lagos-Ibadan expressway, which cost about N315 billion.
The federal government recently postponed the reopening of the Lagos-Ibadan Expressway, adding that the April 30 date earlier stated was no longer feasible.
The former minister of works and housing, Babatunde Fashola, who dropped the hint, said that the development was due to heavy traffic being experienced from the toll gate to the Kara bridge section of the Lagos-Ibadan expressway.
The EYEMARK app also showed that Julius Berger Nigeria Pls and RCC are the contractors in charge of this project.
Another uncompleted project is the Bodo-Bonny road, which is estimated to cost about N200 billion.
Fashola, in April 2022, stated that the 37.9km road being handled by Julius Berger would be completed in December 2023.
He added that funding for the project comes from the federal government’s tax credit scheme into which Nigeria’s Liquefied Natural Gas (NLNG) and other big companies, like Dangote and the Nigerian National Petroleum Corporation (NNPC), are investing.
There is also the Nigeria-Morocco Gas Pipeline, which is estimated to cost $25 billion (about N11.52 trillion), and it is the most expensive yet-to-be-completed project.
Another project which was uncompleted by the Buhari-led administration is the $2.8 billion (about N1.29 trillion) Ajaokuta-Kaduna-Kano pipeline project.
The contractors include Oando Plc, Brentex Petroleum Services Ltd, Oilserve Ltd, and China Petroleum Pipeline Bureau.
The former vice-president, Yemi Osinbajo, recently revealed that the project would help in generating 3.6 gigawatts (3,600 megawatts) of electricity.
He added that the AKK pipeline was a major project of the Buhari’s administration.
The NNPC also recently said that $1.1 billion had been spent so far on constructing the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project.
The counterpart funding for the Greater Abuja Water Project, estimated at $470.76 million (about N217 billion) is still pending.
There is also the dualization of Akure-Ado Ekiti Road in Ondo/Ekiti states put at N90 billion.
Fashola, few weeks before the end of Buhari’s tenure, commissioned the dualisation and construction of the Akure/Iju-Itagbolu/Ado-Ekiti road, which he said would be completed within a spate of 24 months.
He also disclosed that the award and commissioning of the road took so long because of the necessary process required by the new procurement law.
The former governor of Lagos state, however, assured stakeholders that the financing of the project had been taken care of by the NNPC through a tax credit policy and that construction work would not stop till completion.
Other pending projects include Itobe power plant, with a project cost of $5 billion (about N2.3 trillion), renovation of the National Assembly complex projected to cost about N30.23 billion, design and construction of the Nigerian Cultural Centre and Millennium Tower (N69.35 billuon), the full scope development of FCT Highway 105 (Kuje road) from the airport expressway to the outer Southern Expressway with Spur at Kyami District (N54.95 billion), and the construction and equipping of hospitals at Gwarimpa Phase I (N3.03 billion).
Others are the construction of Bichi Township Roads (N1.40 billion), construction of Dawakin Tofa-Gwarzo-Dayi Road in Kano (N2 billion), 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 (N166.36 billion).
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