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.

Amuda Bembe     Salihu Jibril Garbi     Onilu     Gbemisola Saraki     Diagnostic Centre     Muhammed Aliyu     Busari Toyin Isiaka     Ramadan     Shoprite     Abraysports FC     AbdulRauf Keji     Yahaya Dumoye     Moses Rahman Popoola     AbdulRahman Saad     Theophilus Oyebiyi     Societe Generale Bank Of Nigeria     Sulu Babaita Isiaka     Fatai Olodo     Ajike People Support Centre     Maryam A. Garuba     Wale Oladepo     Centre For Community Empowerment And Poverty Eradication     Ileloke     Ibikunle Ogunleye     Oja-Oba     Binta Abubakar Mora     Babata     Kwara Teaching Service Commission     Sam Okaula     Bola Ahmed Tinubu     IEDPU     Okala Baba     Salihu Alhaji Musa     Shuaib Olarongbe     Trader Moni     Young Progressives Party     Senate President     Yoonus Lawal     Abdulganiyu Salahudeen     JAAC     Salihu Ajibola Ajia     Ilorin Talaka Parapo (ITP)     Adesoye     Chartered Institute Of Personnel Management Of Nigeria     Lawal Olohungbebe     Aisha Buhari     Democracy Day     Funmilayo Mohammed     Adaramaja     Royal FM     Illyasu Abdullahi     Bolaji Nagode     Idofin     NNPP     PPS     All Confederation Of Principals Of Secondary Schools     Kunle Suleiman     Air Peace     Akorede     Ilorin International Airport     Adedipe     Yahaya Abdulkareem     Salman Alada     Zulkifli Ibraheem     Abubakar Kawu Baraje     Omotoso Musa     Musa Yeketi     Abdulrasheed Akogun     Odogun Olushola Gabriel     Oyedepo     Kazeem Oladepo     Taiwo Joseph     Jalala     Olayinka Jelili Yusuf     Quranic Recitation Competition     Moji Makanjuola     KWACOBPA    

Cloud Tag: What's trending

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

Abiodun Musa Aibinu     Solomon Edojah     Okanlawon Musa     Oloje     Justina Oha     Edu     Ahmad Olanrewaju Belgore     Wahab Kunle Shittu     BECE     Abdulahi Abubakar Bata     Olayinka Are     Abdul-Rahoof Bello     Jimoh Akani     Lawal Jimoh     Medview Airlines     Shonga Farm Project     NULGE     Olatunde Michaels     Adam Abdullahi Al-Ilory     N-Power     Oniwa     Ado Bayero     Dele Momodu     08001000100     Timothy Akangbe     Bashir Adigun     Hussein Olokooba     Zara Umar     Kudirat Arinola Lawal     Mary Arinde     Ilorin Anchor Men And Women     Lai Gobir     Omu Aran     Suraj Tunji Oyewale     Mohammed Yahaya Barki     Ahman Patigi     Modibo Kawu     Freshvine Nigeria Limited     Ilorin Innovation Hub     Umar Gunu     Kayode Oyin Zubair     Razaq Atunwa     Azeez Bello     Bola Sagaya     Oro Grammar School     Toyin Falola     Firdaos Amasa     NIPR     Minimum Wage     Charles Ibitoye     Adama Isa     Oloriegbe     Omoniyi M. Ayinla     New Model Police Station     Sobi     Abdulkadir Bolakale Sakariyah     Illyasu Abdullahi     Abdullahi Adisa Akodudu     Musa Yeketi     Vasolar Consortium     Ajasse-Ipo     Ilorin     Federal Neuro-Psychiatric Hospital     Makama Of Ilorin     Olusegun Adeniyi     Fatai Garuba Labaka     Bio Ibrahim     Mahmud Ajeigbe     Government High School (GHS), Adeta     Akume     Susan Modupe Oluwole     Ahmad Uthman     Adegoke Bamidele     Vasolar-Kwara Company Ltd     Agbarere     Pius Abioje     NIPOGA