Thesis Abstract

Abstract
Abandoned projects have become a significant issue in Nigeria, with detrimental effects on management practices across various sectors. This research project aims to explore the impact of abandoned projects on management in Nigeria. The study will investigate the root causes of project abandonment, which include corruption, poor planning, inadequate funding, and political instability. By analyzing case studies of abandoned projects in Nigeria, this research will provide insights into the specific challenges faced by project managers in the country. The research will also examine the economic consequences of project abandonment, such as wasted resources, loss of investor confidence, and negative impacts on local communities. These factors contribute to a cycle of inefficiency and mistrust in project management in Nigeria. By understanding the implications of abandoned projects, this study seeks to propose recommendations for improving management practices and reducing the likelihood of project abandonment in the future. Through surveys and interviews with project managers, government officials, and other stakeholders, the research will gather data on the experiences and perspectives regarding abandoned projects in Nigeria. This qualitative data will be analyzed to identify common themes and patterns, shedding light on the underlying issues that lead to project failure. Additionally, the study will explore potential solutions and strategies for preventing project abandonment, such as enhanced transparency, better risk management, and improved stakeholder engagement. The findings of this research are expected to have practical implications for project management in Nigeria and other developing countries facing similar challenges. By highlighting the impact of abandoned projects on management practices, this study aims to raise awareness about the need for more effective governance and accountability in project implementation. Ultimately, the goal is to foster a culture of responsibility and sustainability in project management, leading to better outcomes for all stakeholders involved. In conclusion, this research project will contribute to the existing literature on project management and governance by examining the impact of abandoned projects in Nigeria. By investigating the root causes, economic consequences, and potential solutions to project abandonment, this study aims to inform policy decisions and improve management practices in the country.

Thesis Overview

1.1 BACKGROUND TO THE STUDY

The unceasing abandonment of residential buildings and development projects is so shocking in the developing countries such that Nigerian has remained one of the countries in such difficulty (Ayodele and Alabi, 2011; Kotangora, 1993; Osemenan, 1987). Therefore, the significance that the incessant abandonment of residential buildings and projects would bring several effects on real properties and its values and the economy cannot be overemphasized since some of the abandoned buildings and development projects provide the basic services that should enhance the real properties developed.

Abandoned residential building is a building whose occupant has moved out basically due to poor maintenance and infrastructure, security, dilapidation, natural disaster which has made the building not to be habitable. The abandonment of residential properties and development projects is the act of isolating the building or discontinuing any activities or maintenance works on such development project within a time frame of the contract agreement and with no intention of returning back to the development (Spelman, 1993). Similarly, O’Flaherty (1993) while reflecting on property development projects suggest that it is when an owner or developer is ceasing to provide the required maintenance management to a developed property. abandoned project.

However, real property development and maintenance being a capital intensive undertaking should be critically analyzed to ascertain its feasibility and viability before embarking on it. But, on several occasions and as it had been observed, governments, contractors and agencies have abandoned old buildings and development projects mid-way into construction and completion.

The causes and effects of these residential building abandonments are not just peculiar to a particular reason rather cut across several reasons (Ayodele and Alabi, 2011), and as well as creating a total dwindling effects on the values of developed properties located close and within the vicinity. Most of this abandoned residential building usually turned into hideout for criminals. abandoned project
Although, the location of the abandoned property and demand is equally important but accessibility and the availabilities of the infrastructures in the real property location and in the surrounding built environment should be of much more significant determinants in this study context. Values in itself are not intrinsic (Schram, 2012) rather depends on the benefits derivable from that property.

While this remained the case for real properties, it is essential for any real property to have sustained improved values, and this is assumed to be influenced by the availability of the earlier mentioned infrastructures in the real property location. So, if the needed infrastructures are imperious in determining the property values. Benin City is the State Capital of Edo State, Nigeria is characterized with lots of abandoned residential building due to urbanization, poor infrastructures and roads. Residents of Benin City living in erosion prone areas have to pack out of their houses because of flooding and fear of reptiles. Some school buildings have been abandoned due to neglect by successive government which has turned into hideout for criminals and cultists. abandoned project.