Asset Restoration & Value Recovery: A New Direction for Nigerian Infrastructure Governance β David Ugwunta
This article discusses the issue of abandoned public assets in Nigeria and their potential for economic recovery if properly managed.
The article highlights the pervasive problem of neglected public assets throughout Nigeria, emphasizing their significance as untapped economic opportunities. It points to a range of abandoned infrastructures, including hospitals, schools, and power plants, which not only waste billions of naira but also hinder national development and leave citizens without essential services. The author argues that this neglect is a critical issue that needs urgent redress if Nigeria hopes to realize its economic potential and improve the quality of life for its citizens.
Furthermore, the piece discusses the implications of these abandoned assets, stating that the loss extends beyond monetary waste to include lost productivity and deteriorating public services. The broken facilities symbolize deeper governance failures and systemic issues within the management of public resources, which in turn exacerbate the socio-economic challenges faced by Nigerians. Essentially, the article calls for a comprehensive approach to asset restoration and value recovery as a pathway to rejuvenating Nigeria's infrastructure.
Finally, the article posits that by addressing these neglected assets metaphorically and literally, Nigeria can transform its economic landscape. Such initiatives not only promise to restore lost value but could also generate employment, foster local industries, and improve public trust in governance. The success of this effort hinges on effective governance, public-private partnerships, and substantial investment in infrastructure projects.