The Nigerian State of Kwara has inaugurated the Board of the Kwara State Public Private Partnership Bureau (KP3) to supervise all PPP arrangements in the state.

Kwara State governor, Alhaji Abdulfatah Ahmed, said that one of the first assignments of the Board is to oversee the effective implementation of the Kwara Infrastructure Development Fund (IFK) and its associated projects.

The IFK, with an initial investment of NGN4.2 billion (US$13 million), is a result of the Kwara Infrastructure Investment and Finance strategy. The fund is enshrined in the Kwara State Public Private Partnership Law of 2015.

The governor stated that the IFK will outlive his administration because it is a structure that he expects future administrations in the State will embrace to ensure the implementation of critical infrastructure projects.

Due to the financial situation of the country, the State government is looking for new ways of carrying on the business of governance such as leveraging on public private partnerships to ensure projects are funded to completion and efficiently without reliance on federal allocation

The KP3 aims to execute a comprehensive pipeline of infrastructure projects that provide alternative and more effective means to deliver public goods (social infrastructure in education, health, social services, recreation, etc.) and encourage the proliferation of private sector activities in industries where there are identifiable and bankable profit-generating opportunities.