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.
-
News1 week agoThis Bespoke Rolls-Royce Black Badge Ghost Honors Charles Rolls’ 1906 Tourist Trophy Victory
-
News1 week agoFCT Police Begins Enforcement Of Vehicle Tint Regulations, Lagos Command Impounds 50 For Plate Number Violations, News In The Past Week
-
News1 week agoMitsubishi Motors Celebrates One Year of New L200 Pickup in Nigeria With Special Anniversary Offer Starting ₦42,000,000
-
News1 week agoRivian Wants To Fix 80% Of Driveways’ Service Issues
-
News3 days agoDouble Win: Porsche And The Iconic 911 Win Top Spots In 2026 J.D. Power Study
-
Latest Cars4 days agoAll-New 8th-Gen Hyundai Elantra (Avante) Unveiled In South Korea
-
News5 days agoINEOS Offers Grenadier-based Military Trucks To Replace British Army’s Retired Land Rovers
-
News1 week agoFord Finding It Difficult To Sell A Model It Discontinued 2 Years Ago