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.
Hameed Oladipupo Ali Maigida Abdulrazaq Aiyelabegan Cassava Growers\' Association Kale Bayero Idris Amosa Oladipo Saidu Lola Ashiru Yinka Aluko Kwara State Fire Service Kunbi Titiloye Gamji Members Association Sodiya Raji AbdulRasaq Joseph Offorjama Summit University Raliat Elelu-Habeeb Women Radio Pius Abioje Kishira Waheed Ibrahim Abdulahi Abubakar Bata Mohammed Ghali Alaaya Societe Generale Bank Of Nigeria Ishaq Oloyede Ilorin Talaka Parapo Special Agro-Industrial Hub Saka Abimbola Isau Kayode Oyin-Zubair Suleman Abubakar Elerin Of Erin-Ile Maimunat Oloriegbe Olawuyi Abdulrasheed Na\'Allah Afolasade Opeyemi Kemi Olateju Lukman Ilorin Junior Secondary School Certificate Examinations Olatomiwa Williams Kwara 2015 Makama Of Kaiama KWATMA Obasanjo Oluwatoyin Lukman Adebayo Salami Isaac Aderemi Kolawole Isiaka Alikinla Toyin Abdullahi AbdulQowiy Olododo Grillo Photo News Kwara State Government Dairo Kunle Paul Just Law Forum Ubandoma Abdullahi G. Mohammad Muhammad-Mustapha Suleiman Sa\'adu Salau Amosa Eruku Olaoye B. Felix Mohammed Kamaludeen Funke Adedoyin Idofin Babata Ubandoma Of Ilorin Bahago Abdulrahman Abdulrasaq Kudirat Arinola Lawal Saadatu Modibbo-Kawu Ishaq Abdulkarim Olusegun Adeniyi Simeon Sule Ajibola AbdulGafar Tosho Issa Memunat Moyosore Olatinwo SAPZ Project Abdulmumini Sanni Jawondo

