The committee is also to recommend appropriate actions to be taken to reduce project abandonment in Nigeria and how most of the projects can be recovered. The member Ad-hoc committee comprised Senators Lola Shiru…
The Senate noted that in 2011, President Goodluck Jonathan set up a Presidential committee on federal government- abandoned projects in Nigeria and the committee visited the 36 states in Nigeria and identified 11,866 projects abandoned by the Federal Government since Nigeria’s independence in 1960. “What is now key to this investigation is the need to look inward at our infrastructural development as Foreign Direct investment declined from$8.8b in 2011 to $3.3 billion in 2019, and the current account balances in that year from $10.6 billion to 5-17 billion, while the population was growing around 5% about 86% of the citizen, were living under $2 between 2011 and 2019. Public debt increased from 17% of the GDP in 2011 to 29% in 2019.
“We should appeal to President Bola Tinubu, may be 2026, 2027 budget we dedicate all these industries. They are our own. If we do not do it we will not move forward.” Federal High Court, Abuja, on Thursday, ordered the management of the Nigerian Correctional Service management in Kuje, FCT, to
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