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.

Clement Yomi Adeboye     Sulu Babaita Isiaka     Sarah Alade     EndSARS     Soffiyyallah Kamaldeen     Salmon Babatunde Salmon     Kwara Metro Park     Michael Nzekwe     Rachael Obisesan     Senior Special Assistant On Student Affairs     Muhammad Toyin Sanusi     Gbadeyan Gbadura Yomi     Yusuf Lanre Badmas     Sunday Otokiti     Temi Kolawole     Idris Amosa Oladipo Saidu     Funmilayo Braithwaite     Ilorin South Constituency     Taiwo Joseph     Olatunde Olukoya     Saka Aleshinloye     Neo Mundo Ltd     Kwasu     Kayode Ogunlowo     Moshood Mustapha     Kwara 2023     Senior Ibrahim Suleiman     Sayomi     Moses Rahman Popoola     Mashood Abdulrafiu Agboola     Wahab Abayawo     Ibrahim Taiwo Road     Ayobola Ipinlaiye     SARS     Abubakar Suleiman     Adam Abdullahi Al-Ilory     Biliaminu Aliu     School Of Nursing     EFCC     Adebayo Mohammed Kamaldeen     Abdulwahab Oba     Kanu Agabi     Kemi Adeosun     Folashade Omoniyi     Bolaji Gambari     Surajudeen Akanbi     Ishaq Abdulkarim     Femi Gbajabiamila     Makama Of Ilorin     Ayinde Oki     Mogaji Aare     Hameed Oladipupo Ali     Age AbdulKareem     Toyin Sanusi     Sherif Shagaya     Kwara Teaching Service Commission     Taibat Ayinke Ahmed     AbdulRasaq Abdulmajeed Alaro     Jimoh Lambe Abdulkareem     Dumagi     Apado     Olatomiwa Williams     Guber Aspirant     Omar Gambari     Okanlawon Taiwo     Sobi FM     Ahmed     Haruna Tambiri Mohammed     Gobir Organization Foundation     Aliyu Kora-Sabi     AbdulRazaq Abubakar Jiddah     TVC Female National Debate     Donatus Ejidike     Haruna Olawale Sulaiman     Taofik Abdulkareem Babaita     Alimi     John Olajide Adedipe    

Cloud Tag: What's trending

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

Yusuf Abdulraheem     Ajeigbe     Tinubu     Shuaib Olarongbe     Ibrahim Taiwo Road     Maryam Ado Bayero     Ajibola Ademola Julius     Lanre Jimoh     Rachael Obisesan     Shururat Olatinwo     Ahmad Olayiwola Kamaldeen     Sunday Fagbemi     Erubu     Abdulmumin Yinka Ajia     Isau     Adijat Adebiyi     Federal Neuro-Psychiatric Hospital     Abubakar Imam     C2c@kwarastate.gov.ng     Umaru Saro     Abdulkadir Bolakale Sakariyah     Fatai Olodo     Shettima Of Ilorin     Taofeek Sanusi     Alfa Yahaya Road     Shehu Adaramaja     Cornelius Adebayo     Sulyman Buhari     Sunset Workers     Elerin Of Adanla     Ayegbeni     Abdullahi Saadudeen Alikinla     Saliu Oluwole     Femi Gbajabiamila     MalHub     Dan-Kazeem     Oyin-Zubair     Mogaji Aare     Abdulmajeed Wahab     Ayobami Akanbi     Ayodele Kuburat Olaosebikan     Folorunsho Erubu     Ifelodun     April 11     Emir Of Kano     M.Y. Abdulrahaman     Ashiru     Fola Consultant     Samari     Daud Adeshola     Kwara Muslim Pilgrims Welfare Board     Saduki Lafiagi     Oniyangi Kunle Sulaiman     Kwara 2015     Special Adviser On Digital Innovation     Royal FM     Lanre Badmas     Saad Omo Iya     Muhammad Ghali Alaaya     AbdulKareem Yusuf Danhawa     Volunteers Of Ilorin Community And The Emirate     FOMWAN     Oro Grammar School     Olayinka Oladapo Jogunola     Nigeria Governors\' Forum     Tosin Saraki     Wahab Agbaje     Nupe     Abdul-Rasheed Na\'Allah     IEDPU     Muazam Nayaya     Ahman Patigi     Onikijipa     Nurudeen Mohammed     Kwara Liberation Group     TIIDELab     Emir Of Yashikira