LUK: KWSG to Fund Project Over 10 Years
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.
Umar Bayo Abdulwahab Alimi Abdulrazaq Solihudeen Saba Jibril Lawal Jimoh Iyabo Adewuyi Aisha Buhari Jamila Bio Ibrahim Makama Of Ilorin Lafiagi Toyin Olayinka Tejidini Ibraheem Abdullateef Abdulkadir Bolakale Sakariyah Alfa Modibo Belgore Budo Egba Mumeen Lah Ifelodun Abdulrazaq Sanni Umar Yakubu Jaja Forgo Battery Eleyele Alapansapa Kwara Polytechnic Idris Amosa Saidu Olatunji Bamgbola Eghe Igbinehi Sulyman Age AbdulKareem Paul Odama Yusuf Amuda Abubakar Abdulquowiyu Olododo National Pilot Abdulazeez Arowona Egbewole AbdulQowiy Olododo Kwara State Council Of Chiefs Marafan Shonga Eleja Taiwo Banu Taibat Ayinke Ahmed Opolo Global Innovation Limited Shuaibu Yaman Alanamu Abdul-Rahoof Bello Kwara Pdp Abdulahi Abubakar Bata Aasiyat Bello Oyedepo Kwara State Branch Of The National Library Tunde Idiagbon Road Kwara Liberation Group Razaq Atunwa Rasaq Jimoh Esuwoye MMWG ER-KANG Mining Nigeria Company Limited Babaita Ubandoma Funmilayo Zubair Sa\'adu Salau Abdulrauf Aliyu Oye Tinuoye Lawyers Unite Against Corruption Taofeek Sanusi ER-KANG Mining Yahaya Oloriegbe Aro Yahaya Lanre Issa-Onilu Oloruntoyosi Thomas Basic Education Certificate Examination Ahmed Dankaya Rebecca Olanrewaju AGF Abdulrazaq Olayinka Oladapo Jogunola Oba Sulaiman Asude Bola Ahmed Tinubu Omoniyi Kamoru Kadiri Kwarareports Abdulrahman Abdulrasaq