The Lagos State Government and a United Kingdom firm, Low Energy Designs (LED) Limited, have signed a N2.52 billion Memorandum of Understanding (MoU) on the construction of 10,000 LED street lights.
Speaking at the signing of the MoU held at the Lagos House, on Monday, in Alausa, Governor Akinwunmi Ambode, represented by the Commissioner for Energy and Mineral Resources, Olawale Oluwo, said that successful commencement of the partnership signals a positive progress to the Light Up Lagos Project.
Speaking further, the governor said that with the partnership, there would no longer be any fixed costs with regards to management of street light installations across the state as LED UK Ltd. would now manage them, Guardian reports
Earlier, Alan Parker, the Chief Executive Officer of LED UK Limited, said that as part of the project, the firm would be employing over 500 local people in Lagos and investing seven million dollars in the construction and setup of a LED lighting and hybrid energy power assembly plant in Epe.
