ASSESSMENT OF THE PROJECT FAILURE IN PUBLIC AND PRIVATE PROJECTS

ABSTRACT: The broad aim of this study boarders on an evaluation of cause and effect of project failure in Lagos State. The study adopted the survey descriptive research design and with the aid of convenience sampling method, the researcher conveniently selected tow hundred and twelve (212) participant from who are Staff in Lagos State Ministry of Works and Reynold Construction Company Lagos State. Self- structure questionnaire was issued to the respondent of which 200 was retrieved and validated for the study. Data was analyzed using simple percentage, Mean and Standard Deviation presented in frequencies and tables. Hypothesis test was conducted using Chi-Square Statistical Package for the Social Sciences (SPSS v.23).  From the analysis of the study, It was apparent that some of the causes of project failure  includes poor financial capacity; inaccurate costing and corruption; incompetence and lack of knowledge; poor planning and estimation; poor communication; poor contracting and contractor practices; frequent design scope changes and errors; socio-cultural and political interference.  The effect of project failure were found to be loss of  Government Revenue; project cost overruns; loss of revenue by citizens; substandard infrastructure and low empowerment to community. The study therefore recommended that Nigerian government should overhaul its policy architecture to mitigating the causes of project failure, and in particular, stemming down corruption. More so, public and private organizations  should ensure provision  of  adequate  fund  by  the  client based on the proper  feasibility studies and capacity assessment for the execution of the project which will help to  ameliorate  the  problems.