WHY PROJECTS ARE EXORBITANT IN NIGERIA

May 4, 2021by Tope Fasua0

Corruption is only one part of this

The other reasons are:

  1. IMPORTED TECHNOLOGY
  2. IMPORTED PERSONNEL
  3. IMPORTED MATERIALS
  4. IMPORTED DESIGNS, SOFTWARES AND KNOWHOW
  5. INEFFICIENT LOGISTICS HERE THAT ADDS COSTS TO EVERYTHING
  6. BAD PLANNING LEADING TO DELAYS
  7. NO ECONOMIES OF SCALE FOR THE AIRPORT TO TAP INTO TO MAKE ITS CONSTRUCTION CHEAPER
  8. DISLINK BETWEEN ACADEMIA AND INDUSTRY. THINGS ARE EASIER DONE WHEN UNIVERSITIES PRODUCE THE PEOPLE WHO DO THE JOB.

Many things are no longer seen as big deals anymore. There are clever new ways of constructing and creating a lot of things that have demystified so many things and why the world is powering on. Materials are being innovated daily. For example electricity is no longer the big deal that you need huge plants to generate. See where we are? We contribute nothing. We buy everything. We obtain certificates..but we innovate nothing. Our youths are not guided, directed, encouraged, invested in, so that they can use only what they have to turn around the country – passion, innocence, access to information from anywhere on a per second basis. Instead the youths have disconnected and everyone is either trying to run out of the country, running down the country by cursing her out on social media, looking for who to swindle through yahoo yahoo, kidnapping and killing for ransom, generally totally confused and just floating around, drinking and drugging themselves to stupor, selling stuff inside traffic, struggling with some small entrepreneurial buying and selling business, trading cryptos and fx and other things like that. The groundswell of productivity and innovation that we need is not there. Our vacant leaders cannot inspire such because they cannot even see the vision. That is why this airport may be so expensive compared with anything done in China or Singapore. Check it out

by Tope Fasua

Tope Kolade Fasua is a Nigerian ex-banker, entrepreneur, economist and writer with 28 years of work, business and policy analysis experience. He is the founder and CEO of Global Analytics Consulting Limited, an international consulting firm with its headquarters in Abuja, Nigeria, and footprints in the United Kingdom, USA and United Arab Emirates. Fasua has authored numerous columns on newspapers and six books. He currently keeps regular columns on policy analysis issues with Premium Times and Daily Trust newspapers.

Leave a Reply

Copyright TopeFasua.com All rights reserved  |  5iveone Studio

Copyright TopeFasua.com | All rights reserved.    5iveone Studio