Connect with us

Hi, what are you looking for?


Kwara to Launch N4.2 Billion Infrastructure Fund

Governor Abdulfatah Ahmed

The Kwara State Government is set to launch its Infrastructure Development Fund ‘InfraFund Kwara’ (IF-K) in the energy sector in the fourth quarter of 2016 with an initial investment of N4.2 billion, The Nation reports.

Governor Abdulfatah Ahmed revealed this during an interaction with community leaders in his office last Friday. He said IF-K has been codified into the Kwara State Public Private Partnership Law, which he assented to in 2015.

According to him the IF-K project is a result of the Kwara Infrastructure Investment and Finance strategy, which he approved following an infrastructure assessment that was done in 2014.

He said the outcome of the assessment showed an estimated N225 billion deficit value of infrastructure across the 16 councils and spanning all sectors, which required both government and private investment, in order to boost the state’s productivity and wealth creation.

The governor added that the main objectives of IF-K is to provide a guided, systemic and outward facing framework for continuous and consistent infrastructure development, optimally leverage private sector or resources for infrastructure development and maximize the state’s resource allocation policies.



Follow us on Twitter at @thesignalng

Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published.




At least N11.9bn of public funds were carted away from the treasury of Kwara State between 2011 and 2019 without any lawful tie to...


Police Force Headquarters yesterday summoned a police orderly seen on viral video carrying a tray of food for a prominent individual in Kwara State,...


The Kwara State government has banned street begging in Ilorin, the state capital. The commissioner for social development, Hon. Abosede Aremu, announced this during...


A civil society organisation, the Women Empowerment & Legal Aid, on Monday, asked the Chief of Army Staff, Lt. General Farouk Yahaya, to immediately release Private...

Copyright ©