The Kwara State Executive Council has approved the establishment of the Public-Private-Partnership (PPP) Office as part of efforts to encourage investors, boost internally generated revenue and promote job creation in the state.
The council also directed the three colleges of education in the state to stop further recruitment of staff and procurement of loans without recourse to the state government.
The Commissioner for Finance, Mr. Nurudeen Ademola Banu and the Senior Special Assistant to the Governor on Media and Communications, Dr Muideen Akorede in a press briefing said the council also approved the recommendations that the Colleges of Education in Ilorin, Oro and Lafiagi should restrict themselves to only courses approved for the institutions, pay all outstanding indebtedness before the end of the year and streamline their accounts to only two banks instead of the current multiplicity of their bank accounts.
Dr. Akorede explained that mandate of the PPP Office was the engagement of private sector investors in key sectors of the state’s economy, particularly in the area of human capital development, economic development and infrastructure.
He further explained that the council took the initiative so that the state could benefit from the quality of service associated with the private sector since government’s primary responsibility is to create an enabling environment for private sector to contribute to development.
The PPP Office which would be composed entirely of technocrats and professionals would act as a one-stop shop for the state government’s engagement with the private sector.