The Kwara State Executive Council has approved the establishment of Public-Private-Partnership Office (PPP) as part of efforts to encourage investors, boost internally generated revenue and promote job creation in the State. The council also directed the three colleges of education in the state to stop further recruitment of staff and further procurement of loans without recourse to the state government and their various councils.

The commissioner of finance, Engineer Nurudeen Ademola Banu and the Senior Special Assistant to the Governor on Media and Communications, Dr Muideen Akorede in a post council press briefing said the council also approved recommendations that the colleges of education in Ilorin, Oro and Lafiagi should restrict themselves to only courses approved for the institutions, pay all outstanding indebtedness before the end of the year and streamline their accounts to only two banks instead of the current multiplicity of their bank accounts.

Dr. Akorede explained that the framework of the office of the Public Private Partnership was the engagement of the private sector investors in key sectors of the State economy, particularly human capital development, economic development and infrastructure. The council, Akorede said, was of the view that "those states that would survive are those that would identify creative measures for generating additional revenue outside the dwindling federation account allocations".

He added that the idea was to put private sector funds in the implementation of social and social economic projects in the three sectors.

Dr Akorede further explained council in session took the initiative so that Kwara State could benefit from the quality of service associated with the private sector since government’s primary responsibility is to create an enabling environment for private sector to contribute to the State’s development.

The Special Assistant to the Governor on Media and Strategy further explained that council resolved that the PPP office which would be composed entirely of technocrats and professionals recruited from the private sector would act as a one-stop shop for the state government’s engagements with the private sector.