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.

Shehu Jimoh     Asa     Alaro     Olabanji Orilonishe     Kola Adesina     Oladipo Akanmu Tolani     Ariyo     Babaloja-General     Olugbense     Mazars Consulting     Sabo-Oke     Mahfouz Adedimeji     Arandun     Yahaya Oloriegbe     Sardauna Of Ilorin     Amina Susa\'a De Ahmed     Sa\'adu Salahu     Christian Association Of Nigeria     Ijagbo     Hameed Oladipupo Ali     Kamaldeen Ajibade     Jumoke F. Ajao     Mustapha AbdulGaniyu     Kuliyan Geri     Ibrahim Taiwo     Kunbi Titiloye     Samuel Adedoyin     Lawyers Unite Against Corruption     Rebecca Olanrewaju     ASUU     Folajimi Aleshinloye     Garba Ado Sanni     Isiaka Abdulrazak     Abdulkadir Jimoh     Wahab Femi Agbaje     Titus Suberu-Ajibola     Oye Tinuoye     Pilgrims Board     Ayo Adeyemi     Aishatu Ahmed Gobir     Ayobami Seriki     Orire     Emir Of Lafiagi     ITEM 7     Bank Of Industry     Sodiya     Special Adviser On Digital Innovation     Kwara State Fish Farmers Association     Muslim Cementary     Ibikunle Ogunleye     Hamza Usman     Olusin Of Ijara Isin     Gbenga Olawepo     Kwara State Pension Board     Suraj Tunji Oyewale     Moro     Umar Gunu     Maryam Nurudeen     Okedare     Egbejila     Lanre Jimoh     Tafidan Kaiama     Oyun     National Pilot     Sarah Jubril     Aisha Ahman Pategi     Afolasade Opeyemi Kemi     Saad Omo\'ya     Erubu     Omu Aran     Abioye Bello     Olabode Towoju     Yaman     Awodun     Paul Olawoore     SDP     Akume    

Cloud Tag: What's trending

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

Abubakar Suleiman     Voices Of Tomorrow     Igbaja     UTME     Olateju Lukman     Ike Ekweremadu     ER-KANG     Michael Ologundea     Ndama Al-hassan     Assayomo     Mumeen Lah     Salmon Babatunde Salmon     Olatunji Abdulmumeen     Minister     Muhammed Taofeeq Abdulrazaq     Tafida Of Ilorin     Rasaq Jimoh     Mohammed Abdulahi     Solomon Edojah     Osinbajo     Kwara-SAPZ Project     Kola Shittu     C2c@kwarastate.gov.ng     Oja-Oba     AGM Professional Services     Kayode Issa     Kwara Restoration Project     Kwara State Geographic Information Service     Nigerian Medical Association     Gbugbu International Market     HAMFAT Clinic And Maternity     Olayinka Jelili Yusuf     Olohungbebe     Aso Ofi     Matthew Babaoye     Ola Falade     Neuropsychiatric Hospital     Shehu Raheem Adaramaja     Babata     A.E. Afolabi     Afolayan     Chief Imam Of Ilorin     Press Release     Metro Park     Logun     Abdulwahab Ololele     Ojo Fadumila     Ophthalmological Society Of Nigeria     Sheikh Ariyibi     Salman Jawondo     Budo-Egba     Yemi Sanni     Mike Omotosho     Erubu Oba Zubair     Aliyu U. Tilde     Jide Ashonibare     Oluwarotimi Boluwatife Adenike     Gani Saadu     Ilorin Durbar     Ndakene     Split Diamond Interchange     Bursary     Sheikh Hamzat Yusuf Ariyibi     Busari Toyin Isiaka     Doyin Agbamu     Kannike     Saudat Abdulbaqi     Olam Food Ingredients     Sardauna Of Ilorin     Sulu Gambari     Shehu Alimi Foundation For Peace And Development     Olaosebikan     Fola Consultant     Mutawali     Goodluck Jonathan     Esuwoye     Ilesha-Gwanara