Investment and Project Economics: Contemporary Lessons for Nigeria’s Transformation

Abstract

Ideally, projects constitute the nexus of strategic national transformation and sustainable development. Taking up the contemporary challenge to sensitize and synergize instructional, industrial and governmental functionaries along this line are leading global faculties such as the Academy of Project Management (APM), Project Management Institute (PMI), and Business Analyst (BA) Times, amongst others. This work is designed to succinctly dissect the Nigerian context with a view to conceptually bringing to the fore, those standardized project analytical ideals that are imperative for actualizing the much-sought-after dream of Nigeria’s transformation and national drive to global reckoning. It is recommended that the critical economies of time, money and other precious resources be well appropriated through effective deterministic and stochastic scheduling with justifying anticipated non-discounted and discounted project financial outcomes as underscored in this work.

Key Words: Project analysis, Project economics, Project management