News
Lagos Govt. Creates Soft Loans For PSP Operators, Targets 200 Trucks Procurement
The State Government has designed a soft-loan for Private Sector Participation (PSP) operators. The loan is to aid in the procurement of new compactors trucks for waste removal in the state.
According to the government, the new soft-loan was designed to empower the operators. This way, they can acquire new equipment that will enable them to cart away waste effectively in the state.
The Commissioner for Environment and Water Resources, Tunji Bello made the announcement. The disclosure was made pressmen during an annual ministerial press briefing on Wednesday. The event was Wednesday in commemoration of Babajide Sanwo-Olu administration first year in office.
According to the commissioner, the loan was designed to facilitate procurement of over 200 compactor trucks for waste collection.
Bello noted that after the rejuvenation of the Lagos Waste Management Authority (LAWMA) has improved cleanliness. This is due to prompt removal of waste and improved management of landfills across the state. So the next strategy was the loan to encourage PSP operators to acquire new equipment.
“Part of the plans put in place by the state government is the facilitation of soft loans to the PSP operators to replace their trucks many of which are not serviceable conditions.
“The state government will guarantee the loans and ensure that the PSP operators payback through a repayment plan that is spread over some years. With the new trucks, many areas that are presently not enjoying the services of PSP operators will also be reached and make the entire cleaner”, he added.
To aid the operators, Bello further disclosed that the Olusosun and Solus dumpsites were already under rehabilitation to end the spate of illegal dumpsites in the state.
Bello, who said that access routes to dumpsites were currently been rehabilitated.
-
Celebrities Auto1 week agoDavido Orders $15 Million One-of-One Custom Mansory Hypercar, Rumored To Be Based On A Bugatti Centodieci
-
News1 week agoLamborghini Revuelto SV Sets Production-Car Lap Record Ahead Of August 14 World Premiere
-
News1 week agoToyota Recall Over Half A Million Camry Sedans
-
Business4 days agoDangote Cement Rewards Top Distributor With New 2026 Lexus LX700h Worth Over ₦400 Million
-
News1 week agoTo Survive, Aston Martin Had To Sell The Majority Of Its brand.
-
Latest Cars1 week agoMeet the Bugatti Destrier: A Road-Going Art Based On Track-Only Bolide
-
News1 week agoPeugeot Confirms 7 New Models And Breaks Its Promise To Reduce Petrol By 2030
-
News6 days agoDavido’s Mystery Supercar? Mansory Teases One-Off Open-Top Masterpiece Believed To Be Bugatti Mistral