Description:
In 2013, Nigeria took a $500 million loan for airport upgrades. Now in 2025, a far larger sum is allocated for the same purpose. Why such redundancy in spending?
Desired Outcome:
Audit of past infrastructure investments, transparent publication of airport renovation justifications, and halt further spending until accountability is established.
What Could Go Wrong:
Debt accumulation, public disillusionment, and international reputational damage from perceived wasteful spending.
Current Situation:
A new ?712.3 billion airport renovation plan is underway, while earlier loans for similar purposes remain unaccounted for.
Action Strategy:
Commission an independent investigation into all past airport renovation expenditures and cancel or pause the current budget until conclusions are drawn.
Concern Category:
UseOfFunds
Location:
Nigeria
Analysis: Not available
| Snapshot History |
|---|
| C00104_250806.pdf |