The Federal Government and the Chartered Institute of Project Managers of Nigeria (CIPMN) have called for reforms in project planning, execution and accountability to reduce abandoned projects, minimise financial losses and accelerate industrial development.
The call was made at the institute’s 8th Induction and Conference Ceremony, themed “Project Management: Catalyst for Nigeria’s Industrial Transformation.” Minister of State for Industry, Trade and Investment, John Owan Enoh, represented by the ministry’s Permanent Secretary, Chris Isokpunwu, said Nigeria had lost more than N17 trillion to abandoned projects, according to CIPMN estimates. Aluta News+1
Enoh said weak project implementation continued to undermine infrastructure development, industrial growth and economic prosperity. He stressed that effective project management was necessary to translate government policies and development plans into functional infrastructure, operational industries and measurable results.
CIPMN Registrar-General and Chief Executive Officer, Henry Ifeanyi Mbadiwe, identified inadequate planning, poor coordination and weak risk management as major factors contributing to project failures. He said the institute had developed a standardised project management curriculum for Nigerian universities, approved by the National Universities Commission, and introduced a 17-module licensing framework for practitioners. Aluta News+1
The Federal Government also highlighted its adoption of a 90-day implementation reporting cycle to monitor programmes, assess progress and strengthen accountability across the ministry.
Stakeholders called for stronger collaboration between government institutions, professional bodies and the private sector to ensure that public and private investments deliver completed projects within approved timelines, budgets and quality standards.
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