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.

Susan Modupe Oluwole     Ayotunde Emmanuel Alao     Cornelius Adebayo     Olota Of Odo-Owa     Salman Jawondo     Suleiman Alege Kuranga     Forgo Battery     LAK Jimoh     Kamaldeen Ajibade     Abiodun Oyedepo     Ahman Pategi     Aliyu Sabi     Kunbi Titiloye     Chartered Institute Of Personnel Management Of Nigeria     Aisha Ahman-Pategi     Unilorin     Abdulfatai Ahmed     Jimoh Bashir     Muslim Cementary     Lasiele Alabi Yahaya     Isiaka Gold     Wahab Egbewole     Vasolar-Kwara Company Ltd     Tunji Folami     Gbugbu International Market     Atiku Abubakar     First Lady     Mohammed Abdulahi     Jawondo     AbdulRauf Keji     Idi-Ape     Edu     JUSUN     Amusement Park     Wahab Isa     March 28     Hameed Oladipupo Ali     Moshood Bakare     Baboko Primary School     IYA YUSUF     QuickWin     Shettima Of Ilorin     Just Law Forum     Ajase-Ipo     Lawan     Saliu Shola Taofeek     Pategi     Al-Adaby     Wahab Olasupo Egbewole     Mohammed Abduraheem     Majlis For Sadakah, Zakat And Waqf     UTME     Idris Garuba     Omoniyi M. Ayinla     Oyun     Saka Abimbola Isau     Special Agro-Industrial Hub     State Bureau Of Internal Revenue     Code Of Conduct Bureau     Ibrahim Bio     Abdulfatai Baakini     Ayegbeni     Oloye     Kazeem Oladepo     Volunteers Of Ilorin Community And The Emirate     Ilorin East/South Federal Constituency     Ahmed Alhasssan     Al-Hikmah University     JAMB     Students Union Government     Col. Adedipe     Ebun-Olu Adegboruwa     Ike Ekweremadu     Ibrahim Labaika     Azeez Bello     Khadijat Ayoola Yusuf     Tunde Saad    

Cloud Tag: What's trending

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

ER-KANG Mining     Olatunji Moronfoye     Aminat Ahmed     Atiku Abubakar     Aasiyat Bello Oyedepo     Jimoh Saadudeen Muhammed     Edu     Moji Makanjuola     IESA     Abdulrasaq Alaro     Sulu Babaita Isiaka     Economic And Financial Crimes Commission     Olosi Of Osi     Elerin Of Erin-Ile     Rafiu Ajakaye     Saka Aleshinloye     CCEPE     CCT     Kwara University Of Education     Saliu Alamoyo     Barakat Community Secondary School     Agbarere     Aso-ofi     Computer Based Test     Millennium Development Goals     Tunde Kazeem     Revenue Court     Yusuf Arowosaye     Mansur Alfanla     NaAllah     Gbenga Adebayo     Taofeeq Olateju     Saadu Gbogbo Iwe     Ekiti     Oke-Ode     Joana Nnazua Kolo     GAMA     Oyin-Zubair     Usman Rifun     Harmony Holdings     Yetunde Balogun     Unilorin     Salman Jawondo     Ibrahim Mohammed     Yahaya Abdulkareem     Abdulrazaq Sanni     Gamji Members Association     Senate Presidency     KWASEIC     Gbugbu     Mahmud Ajeigbe     Mohammed Ghali Alaaya     Unilorin FM     Awili Pedro     Adamu B. Yaqubu     Christopher Odetunde     Ganiyu Abolarin     Sunset Workers     Abdullahi Adisa Akodudu     Isapa     Ajibola Ademola Julius     Musa Alhassan Buge     Yahya Mohammed     Ladi Hassan     Oba Mogaji Abdulkadir     Towobola Abdulrahman Toyin     Adeola Abraham     Monthly Sanitation     Quranic Recitation Competition     PPS     Alimi     Offa Metropolitan Club     Mubarak Oladosu     IYA YUSUF     Haashim Initiative For Community Advancement     Sarah Alade     Aliyu Alhassan