Within the last one year, we have seen some public discussions around the cost of certain projects in Nigeria. Whether it is the Ajaokuta – Kaduna – Kano (AKK) gas pipeline, the Lagos metro line, or the recent brouhaha about a road awarded by the Abia State Government to Julius Berger, there are allegations of the contract sums being inflated. Now, we clearly have a corruption problem in both public and private sector procurement, however, here are eight simplified, non-corrupt reasons why a project may cost more than we think.
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Jilomes 