Gov Ahmed launches infrastructure fund, injects N5.8bn into economy – Africa Business and News World – africabusines

Africa Business and News World

Gov Ahmed launches infrastructure fund, injects N5.8bn into economy

By Demola Akinyemi

ILORIN — Governor Abdulfatah Ahmed of Kwara State, yesterday, disclosed that his administration will in the next few months inject over N5.8 billion into the state’s economy through the state’s Infrastructure Development Fund, IF-K.

The governor said this during the official launching of IF-K at the Government House, Ilorin, where the stakeholders, which included partner banks, contractors, engineers and consultants were present.

Governor Ahmed explained that IF-K was designed to pool resources for the execution of all the projects in the state, saying that the era of abandoned projects in the state was over.

He also said that IF-K is the second phase of his government’s long term strategy to diversify the state’s economy, stimulate economic growth via private sector participation in infrastructure development and create opportunities for collective prosperity.


He said: “We will start with the flagging off of the construction of a Diamond Underpass at Geri Alimi, Ilorin, and the commissio-ning of our newly-acquired asphalt plant.”

He explained that his desire for rapid infrastruc-ture growth and the need for an appropriate savings and investment mechanism solely for infrastructure and related works informed the establishment of IF-K.

The governor expressed optimism that “this injection will keep our project partners in business and have a positive spiral effect on employment generation.”

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