Despite spending N126tn on infrastructure between 2015 and 2024, the country’s infrastructure remains underdeveloped.
Iwuagwu noted that the government’s innovative funding methods, such as Sukuk and the Presidential Infrastructure Development Fund, had not addressed those underlying issues.
He emphasised the need for improved project management practices, strengthened regulatory oversight, and transparency and accountability in infrastructure development.
Iwuagwu also stressed the importance of capacity building for project administrators to effectively manage contracts and mitigate risks.
Meanwhile, the NIQS has also called on the government to involve quantity surveyors in all construction projects across the country.
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