The Chartered Institute of Project Managers of Nigeria (CIPMN) has pledged to tackle the growing issue of abandoned projects across the country, a move aimed at enhancing the nation’s Gross Domestic Product (GDP).
During a media briefing in Abuja on Monday, the Registrar of CIPMN, Henry Mbadiwe, revealed that the value of abandoned projects in Nigeria currently stands at over ₦17 trillion. He pointed out that these abandoned projects are often the result of a lack of clear vision and objectives, poor project planning, and insufficient budgetary allocation.
Mbadiwe also highlighted other contributing factors, such as an inefficient legal system, corruption, weak institutions, and the frequent discontinuity of projects due to political transitions. “We cannot keep hitting the reset button with every change in administration,” Mbadiwe said.
To address these challenges, the CIPMN plans to enforce its Establishment Act by overseeing all projects in Nigeria. Mbadiwe stressed that only professional project managers licensed by CIPMN will be allowed to manage projects. He warned that the institute would take action against individuals and organizations operating without the required CIPMN license.
Mbadiwe also emphasized the institute’s commitment to maintaining high standards in the project management sector, ensuring that regulations are enforced impartially. He called on all government Ministries, Departments, and Agencies to comply with these regulations and to recognize the importance of adhering to the law.
“One of the challenges in Nigeria is not the absence of laws but the blatant disregard for these laws,” Mbadiwe stated. “In the project management sector, we are committed to upholding the law and ensuring that all project managers are licensed and accountable.”
He concluded by encouraging collaboration with stakeholders to ensure that projects are completed successfully, thereby contributing to an increase in the country’s GDP.
Credit: NAN (Text Excluding Headline)
