Kwara to unveil N4.2b infrastructure fund
An infrastructure development fund tagged ‘InfraFund Kwara’ (IF-K) with an initial investment of N4.2 billion in the energy sector is to be floated by the state government in the fourth quarter of this year.
Governor Abdulfatah Ahmed, who disclosed this yesterday while interacting with community leaders in Ilorin, said IF-K had been codified into the Kwara State Public Private Partnership Law, which he signed in 2015.
According to him, the initiative is a brainchild of the development strategy which he approved at the conclusion of an infrastructure assessment exercise in 2014.
Ahmed said the outcome showed an estimated N225 billion deficit in infrastructure across all the 16 local councils of the state, requiring urgent investments by both the public and private sectors to boost Kwara’s productivity and wealth creation.
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