Who Verifies That a ₦10 Billion Government Project Is Properly Priced?
Before a government awards a ₦10 billion contract, citizens deserve to know how the cost was calculated. Project estimates should be based on designs, bills of quantities, market prices, technical assessments and competitive procurement, not simply a contractor’s quoted figure. Quantity surveyors, engineers, procurement officers, consultants and supervising ministries all have roles in checking whether the proposed cost is reasonable. Oversight should also continue after approval, especially when contract variations, inflation, design changes or additional works increase the final bill. The public should be able to ask what the money covers, how many firms bid, why the winning company was selected, whether variations were approved and whether the completed project matches what taxpayers paid for. Transparent records and independent audits are essential when billions of naira are involved. Accountability is not only about completing a road, hospital, school or bridge. It is about showing clear evidence that the project was properly priced, awarded, executed and paid for.
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