KWARA State Government
is to secure a N20billion bond
to finance the development
of infrastructure as
part of efforts to reduce
infrastructure deficit in the
State, Governor Abdulfatah
Ahmed has said. The
governor who stated this
during a two day interactive
session with a cross section
of Kwara indigenes on the
proposed N20billion bond
explained that the move
became necessary in view
of dwindling earnings from
the federation account.
Ahmed listed the new
projects to include the
construction of roads
such as Kishi-Kaiama
road, dualisation of two
federal government roads;
Zango-University of Ilorin
Teaching Hospital Road
and Michael Imoudu Road.
According to the
Governor, additional
campuses of the Kwara
State University would be
established in Ilesa-Baruba
and Osi, 186 transformers
would be installed in
communities across the
State while equipment
would be purchased for
the state International
Vocational Centre, Ajasse-
Ipo.
Gov. Ahmed explained
further, that the bond
was the easiest and most
viable option of financing
development projects in
order to overcome the states
infrastructure deficit.
He assured the people
of the state that his
administration would
not impose additional
tax burden on them but
loopholes in tax collection in
the state would be blocked
to increase the internally
generated revenue IGR, of
the State.
The Governor added that
with improved IGR, the
state would repay the bond
within a period of seven
years.
He assured that
communities would play
active part in identifying the
project of their choice as well
as the implementation of the
scheme in order to give the
projects what the governor
called “appropriate sense of
ownership”.
A cross section of
participants at the
interaction sessions, in
their remarks, supported
the state government’s
move to secure the bond
and noted that such a move
will ensure infrastructural
development in the state,
especially in the face
of dwindling earnings
from the federal revenue
allocation.


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