Description:
Nigeria previously secured a $500 million China Exim Bank loan to upgrade five major airports, raising questions about the need for a massive new investment in Lagos airport within a decade.
Desired Outcome:
Ensure infrastructure investments are justified, cost-effective, and spaced to maximize returns.
What Could Go Wrong:
Wastage of public funds and erosion of trust in government project planning.
Current Situation:
Airports upgraded a decade ago are now slated for massive reinvestment despite other urgent national needs.
Action Strategy:
Conduct cost-benefit analysis and audit past infrastructure projects before approving new large-scale spending.
Concern Category:
Governance
Location:
Nigeria
Analysis: Not available
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