Between 2003 and 2007 the FGN committed $16bn+ to the National Integrated Power Project (NIPP) — 10 thermal stations and associated transmission/gas pipelines. The 2008 Ndudi Elumelu House Probe documented widespread non-completion. By 2012 only ~25% of nameplate capacity was operational.
Obasanjo II2003 — 07Documented failure· $16bn+ committed· Chapter I · Money
Power Sector Reform Spend (NIPP)
National Integrated Power Project. $16bn+ committed; later House investigations and Justice Elias Report queried completion and value-for-money on multiple plants.
Sources
- · House of Representatives Power Probe Report (2008)
- · BPE NIPP Privatisation Documents (2013)
What it cost — political & economic reality
The political and economic reality
Nigeria in 2005: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.
President · Fourth Republic
Chief Olusegun Obasanjo
1999–2007· PDP
National reality
Return to civilian rule, 29 May 1999. Telecoms deregulation (2001) — GSM revolution. Paris Club exit, October 2005 ($30 bn debt relief, Okonjo-Iweala). Pension Reform 2004. EFCC established 2003.
Crises of the period
- Third Term agenda defeated 2006
- Niger Delta militancy intensifies
- ASUU strikes; Sharia introduction in 12 northern states
GDP (World Bank)
$59 bn (1999) → $166 bn (2007)
Cabinet (selected portfolios)
- Finance
Adamu Ciroma (1999–2003); Ngozi Okonjo-Iweala (2003–06)
- Education
Tunde Adeniran; Babalola Borishade; Fabian Osuji; Chinwe Obaji; Oby Ezekwesili
- Health
Prof. ABC Nwosu
Source: Federal Gazette 1999–2007; CBN; World Bank WDI
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Redline
Wikipedia is never a source.