LAST week, the National Economic and Development Authority (NEDA) disclosed that a total of 45 projects funded by Official Development Assistance (ODA) — loans or grants provided by foreign governments or international financial institutions — have been flagged as "problematic," at serious risk of delays or cost overruns, or in some cases, already behind schedule and over budget. This alarming revelation is not merely problematic; it is potentially disastrous and raises serious questions about the effectiveness of NEDA in carrying out its mandate.
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