LUK: KWSG to Fund Project Over 10 Years

Date: 2016-12-14

The Kwara State Government says its forthcoming Solar-powered street lights project, Light Up Kwara (LUK) will be funded over 10-year period under a Public Private Partnership (PPP) and through the Kwara State Infrastructure Development Fund(IFK).

The State government made this disclosure through a statement issued on Monday by Dr. Muideen Akorede, Senior Special Assistant on Media and Communications to Governor Abdulfatah Ahmed.

The state government said under the PPP arrangement, the contractors will finance, build, operate and maintain the 3000 streetlights before handing them over to the state government which will have ten years to pay for the LUK project.

It therefore explained that the PPP arrangement and the deferred payment is the only way government can afford a project of the magnitude of LUK under prevailing circumstances.

The government further clarified that the ten-year payment for the LUK street lights will not commence until government is satisfied with the quality and maintenance of the project which scheduled for completion within a year.

Accordingly, the government said an affordable payment plan is in place to ensure there is no pressure on the state's finances under LUK or any other IFK project.

The government assured that it will continue to meet its obligations for other infrastructure projects, people-oriented programs and prompt payment of salaries and pensions before, during and after the LUK project.

Pointing out the innovativeness of the LUK project, the statement noted that the streetlights will be powered through solar power tunnels at specific locations as part of government's efforts at promoting a green economy.

The statement added that the project consultants will source materials locally, and will also engage workers within the State, to boost local economy and create employment.

Highlighting other benefits of the project, the government explained that the streetlights will enhance security, boost the night economy, and improve aesthetics.

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Tsaragi-Share     Ishola Abdullahi     Gabriel Fashanu     Onilupeju Of Ilupeju     Saliu Mustapha     David Oyedepo     Ajayi Okasanmi     Flights To Ilorin     Umar Sanda Yusuf     Abubakar Usman Jos     Ibrahim Taiwo     Idiagbon     Yetunde Balogun     Olaiya Zuberu     Tafida     Fatima Abolore Jimoh     Wasiu Onidugbe     Islamiya Abdulraheem     Charcoal     Ola Falade     Lanre Badmus     Mazars Consulting     Jawondo     Yahaya Seriki     Yusuf Abdulkadir     Neo Mundo Ltd     NAWOJ     Dan Iya     Toyin Sanusi     Michael Ologundea     Joseph Daudu     Bello Abubakar     CT Ayeni     Apaokagi     Bolakale Kawu     Otunba Taiwo Joseph     Jelili Yusuf     Kwara State Coalition Of Business And Professional Associations     07039448763     Gurei     CCEPE     National Party Of Nigeria     Seed Technologies     Ilorin Talaka Parapo (ITP)     Kanu Agabi     Lanre Issa-Onilu     Femi Gbajabiamila     Ilorin Amusement Park     Third Estate     Erubu     Abdulfatai Baakini     Babs Iwarere     Bashir Badawi     Tunji Folami     Tunji Arosanyin     Adebayo Salami     Olabode Towoju     Garba Ayodele Wahab     Timothy Olatunde Fadipe     Awoye     Sunday Popo-Ola     Jebba     Adewuyi Funmilayo     Iyiola Oyedepo     Amusa Bello     Buari Edun     Kwara State Internal Revenue Service     Ilorin South Constituency     Magaji Are     KWTV     Mufti Of Ilorin     Olatunde Jare     Kannike     REO CAKES     Rasaq Jimoh     Turaki     Christopher Odetunde    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bolakale Kawu     Aro Yahaya     Fatimoh Lawal     EFCC     Adekunle David Dunmade     Kazeem Adekanye     Olaitan Buraimoh     Alikinla     ANCOPPS     Sabo-Oke     Illyasu Abdullahi     MAI Akande     Bolaji Abdullahi     Ijakadi     Ashiru     Shehu Adaramaja     Oyin-Zubair     Ramat Oganija     Abubakar Abdullahi Bata     Ibrahim Abdullahi     Galland Marcias     Kwara State Governor     KWASAA     ER-KANG     Adebayo Mohammed Kamaldeen     Sadiq Buhari     Code Of Conduct Tribunal     Bolaji Gambari     Aliyu Muhammad Saifudeen     Adama Isa     Valsolar Consortium     Magaji Erubu     Ayegbeni     MINILS     Kunle Suleiman     Yahaya Jibril Usman     Taofeek Ibraheem     Sulyman Abdulkareem     Sulu Gambari     Joshua Adeyemi Adimula     Mubarak Oladosu     Elerinjare     NITDA     Agor     Bello Oyedepo     Vasolar     Yakubu Shaaba     Ibrahim Kayode Adeyemi     AbdulRaheem Ahmad Shayi     Segun Ogunsola     Wahab Femi Agbaje     Nigerian Supreme Council For Islamic Affairs     Taofik Abdulkareem     Towoju     Yinka Aluko     Sarah Jubril     John Obuh     Ndama Al-hassan     Elelu     Unilorin     AbdulRauf Keji     Seni Saraki     Forgo Battery Company Limited     Saka Saadu     Gambari     Rotimi Oyedepo     Abdulmutalib Shittu     Quranic Recitation Competition     James Ayeni     Ridwan Agboola     Dagbalodo     Issa Memunat Moyosore     Isiaka Danmeromu     IESA     Yahaya A Paniyaro     Abdullahi Dasilva Yussuf     Shehu Jimoh