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.

Oko Erin     Odolaye Aremu     Universal Basic Education Commission     Oba-Solagberu     Dauda Adeniran Adeshola     Abdulganiy Abimbola Abdussalam     Al-Ilory     Mohammed Jimoh Faworaja     Kwara State Television     IHS     Isiaka Abdulrazak     Hijaab     Ilorin East/South Federal Constituency     Bamidele Adegoke     Amuda Musbau     AGILE Programme     Lola Ashiru     Eghe Igbinehi     Kawu Baraje     Dorcas Afeniforo     KWSIEC     Otunba Taiwo Joseph     Kayode Ishola     Ita-Nmo Market     Tosin Saraki     Bayer Nigeria Limited     Elections     Danhawa     Oluranti Idowu     Kayode Bankole     Lanre Olosunde     Saliu Oluwole     Bisi Oyeleke     Kwara State Pension Board     IPSAS     College Of Arabic And Islamic Legal Studies     Segun Ogunsola     ASKOMP     A.E. Afolabi     Kehinde Boyede     New Nigeria People’s Party     Saka Saadu     Dagbalodo     Ike Ekweremadu     Jani Ibrahim     Ishaq Salman     General Tunde Idiagbon International Airport     Yomi Adeboye     Ilorin Central Mosque     Samuel Adedoyin     Tunde Saad     Issa Memunat Moyosore     Abdulazeez Uthman     Abdullahi Atanda     Shade Omoniyi     Ajase-Ipo     Ibrahim Abdullahi     NURTW     Isa Aremu     Bashir Badawi     Geri-Alimi Split Diamond Interchange     Yahaya Jibril Usman     Gbenga Adebayo     Shuaib Jawondo     Democracy Day     Isiaka Yusuf     Funmilayo Mohammed     Raliat AbdulRazaq     Ayo Adeyemi     Madawaki Of Ilorin     Salman Jawondo     Mustapha Olanipekun     Olumide Daniel Ibitoye     Micheal Imodu-Ganmo Road     Kwara 2015     Kwara State Football Association     NaAllah    

Cloud Tag: What's trending

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

Otunba Taiwo Joseph     Aisha Ahman Pategi     Mumeen Lah     Muhammad Yahya     Y.A. Abdulkareem     Simon Sayomi     Isin     Afetu Of Alabe     Oye Tinuoye     Erubu Oba Zubair     Mukhtar Shagaya     Fatimah Abdulkadir     Isiaka Yusuf     Oju Ekun Sarumi     Saliu Oluwole     Emir Of Shonga     Aisha Ahman-Pategi     Ibraheem Adeola Katibi     Abdulmumini Sanni Jawondo     Galadima     Gabriel Fashanu     Bashir Badawi     Ilorin.Info     Rice Farmers Association Of Nigeria     Emmanuel Olatunji Adesoye     Ayodele Kuburat Olaosebikan     Segun Adeniyi     Kwara State University Of Education     Daud Adeshola     Iyabo Adisa Ibiyeye     Alaiye     Abdulrasheed Na\'Allah     Abdul Jimoh Mohammed     Obasanjo     Doyin Group     Sarakite     Hamza Usman     The Herald     Bolaji Abdullahi     Nurudeen Mohammed     Apaokagi     Muslim Stakeholders Of Kwara State     Communication Network Support Services     Alfa Belgore     Isau     Abdulmumin Yinka Ajia     Abubakar Ndakene     Emir Of Yashikira     Saduki Lafiagi     Isa Aremu     Omoniyi     Col. Adedipe     Abdulkadri Ahmad Alaiye     Hassan Oyeleke     Yusuf Lawal     Suleiman Mora Omar     Offa Poly     Ilorin Amusement Park     Wakilin Mata Lafiagi     Siddiq Adebayo Idowu Salawu     Aminat Omodara     Clara Nwachukwu     Shehu Raheem Adaramaja     Abdulraheem Olesin     Col. Taiwo     Abdullah Janet Amudat     Abdulrasaq Alaro     Waheed Ibrahim     Adamu Jemilat-Baki     Apado     Jimoh Lambe Abdulkareem     Yakub Ali-Agan     Ilorin General Hospital     Ganmo     Umaru Saro     Kwara Central     Apaola