Kwara's Infrastructure Fund to Accelerate Sustainable Growth - Ahmed
Governor Ahmed, who said this during a meeting with investors in Ilorin on Monday, noted that by providing a fund dedicated to infrastructure projects, IF-K ensures the state government will be able to implement developmental projects and pay contractors promptly.
According to him, the implication is that contractors do not have to be mobilized before they commence projects since they are guaranteed payment at different milestones of the project.
Alhaji Ahmed stated that the primary aim of IF-K is to provide sustainable funding for continuous infrastructure development through partnership with private sector and efficient resource allocation.
The governor added that IF-K is an alternative funding window for projects worth over N300m, noting that the executed projects will certified by independent assessors before the contractors are paid. According to him, other high value infrastructure projects will be funded through other funding windows as enshrined in the budget.
Alhaji Ahmed emphasized that the infrastructure fund will outlive his administration as it is enshrined in Kwara State Public Private Partnership Law 2015. He disclosed that IF-K will commence in the last quarter of 2016 with a N4.2b Energy sector project.
He gave assurance that the scheme will not put any undue pressure on the State's finances as adequate plans have been made to ensure that government contributes to IF-K regularly through prudent resource allocation while meeting other obligations.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Jumoke F. Ajao Olofa Of Offa Modibo Kawu Sam Okaula Yusuf A. Usman Alfa Modibo Belgore AGILE Programme Yashikira Ibrahim Abikan Alanamu Kale Bayero KWATMA Kayode Yusuf Salihu Ajia SAPZ Project Tunji Arosanyin Sola Saraki Educational Foundation Diagnostic Centre S.O. Opowoye Kwara Polytechnic IHS Niyi Ogundiran Maryam A. Garuba Saka Keji Dagbalodo ASMAU PLAZA Summit University AbdulQowiy Olododo Ilorin General Hospital Maryam Ado Bayero Olupako Kwara State Government Magaji Erubu Adamu Ibrahim Sabi Ishola Abdullahi Funke Adedoyin Sa\'adu Gambari Ibrahim Taiwo Ladi Hassan Ganiyu Abolarin Association Of Kwara State Online Media Practitioners Owo Isowo Okin High School Femi Agbaje Mufutau Olatinwo KWASAA Siraj Oyewale Ibikunle Ogunleye Sobi FM Bayo Onimago Rasheed Jimoh Olushola Saraki Adamu Jemilat-Baki Haleeman Salman Bahago Yusuf Ibitokun Sherifat Dauda Adeniran Adeshola Transition Implementation Committee Opolo Global Innovation Limited Ilorin Like-Minds Yusuf Aiyedun Taofeek Ibraheem Abdulrazak Shehu Akorede Moro Bamikole Omishore Yusuf Mubarak Kehinde Baale Ayobami Seriki Assayomo Nurudeen Muhammed Saadatu Modibbo-Kawu Christian Association Of Nigeria Saadu Gbogbo Iwe Saka Balikis Kehinde Ibrahim Gambari Albert Ogunsola Bola Magaji

