PROJECT ABANDONMENT IN NIGERIAN BUILDING INDUSTRY: AN APPRAISAL OF THE CAUSAL ROOT AND THE WAY FORWARD

O.D. Olabintan

Rufus Giwa Polytechnic (NIGERIA)
The building industry like other cost effective industries has experienced and reacted to various socio-economic and political situations prevalent in the Nigeria over the years since independence. This resulted to a very slow pace of national socio-economic, technological and industrial development. One major effect of this dwindling economic and technological advancement which is negatively confronting the building industry is that of project abandonment. Apart from unemployment problems in the industry, towns and cities scape are littered with abandoned project sites over grown by weeds constituting not only havens for criminals but also a menace to the beauty of the environment and cities landscape destroying the society values and respect for decency. This paper examines in broad sense the major factors responsible for project abandonment in Nigerian building industry and among other recommendations postulates that Governments at all levels should as a matter of priority increase their participation in housing provision by way of enhancing policies, low interest loan to workers and encouragement of private developers and mortgage Agencies. This will accelerate our physical development programmes, curb project abandonment and reduce unemployment in the building industry.