{
  "id": 9673678,
  "title": "NSE links project failures to poor procurement",
  "url": "https://urgent.news/2026/09/25/nse-links-project-failures-to-poor-procurement",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T02:04:41.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/nse-links-project-failures-to-poor-procurement/"
  },
  "original_language": "en",
  "account": "The Deputy President of the Nigerian Society of Engineers, Valerie Agberagba, has linked project failures in Nigeria's construction sector to poor procurement practices. Speaking at the Big 5 Construct Nigeria event in Lagos, Agberagba emphasized that the country is not short of projects but rather struggles with completing and maintaining them. She highlighted that urbanization, population growth, and rising demand for housing, power, transport, water, and industrial infrastructure are expected to keep increasing, but the sector is facing significant challenges in converting project pipelines into financed, executed, and sustained projects. Agberagba stressed that proper procurement is crucial for successful infrastructure delivery, as many projects fail due to inadequate planning and weak procurement processes. She also criticized the lowest-bidder rule, which often leads to abandoned or overpriced projects, as contractors may compromise standards to secure contracts. Agberagba urged stakeholders to adopt a development-led approach, combining market demand, land and planning, utilities, finance, construction, and maintenance to improve the country's construction outlook by 2026.",
  "summary": "The Nigerian Society of Engineers says poor procurement, planning, and maintenance are major reasons for project failures in Nigeria’s construction sector. Read More: https://punchng.com/nse-links-project-failures-to-poor-procurement/",
  "key_points": [
    "Poor procurement practices linked to project failures in Nigeria's construction sector",
    "Urbanization and infrastructure demand driving need for more projects",
    "Lowest-bidder rule often leads to abandoned or overpriced projects"
  ],
  "editors_take": "Emphasizing proper procurement as crucial for successful infrastructure delivery marks a shift in focus towards addressing underlying causes of project failures rather than just their symptoms in Nigeria's construction sector.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "NSE links project failures to poor procurement",
        "url": "https://urgent.news/2026/09/25/nse-links-project-failures-to-poor-procurement-9678449",
        "published": "2026-09-25T02:36:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}