Mr. Wada says it is important to involve the private sector in the provision of security.
All contracts awarded to foreign and indigenous companies in Kogi will henceforth attract one per cent deduction of the actual value as contribution to the State Security Trust Fund.
Governor Idris Wada of Kogi announced this during the public launch of the fund in Lokoja Friday.
He said the scope and sophistication of the security challenge in the country made it difficult for government alone to handle, hence the resolve to involve corporate organisations and wealthy individuals.
Mr. Wada said the government had done its best to ensure the security of lives and property, stressing the need to provide security agencies with adequate and sophisticated equipment to handle the menace of terrorism.
The governor said that money realised from the deductions would be spent on the procurement of jammers, bomb detectors, CCTV cameras and metal detectors, among other equipment.
He said the security trust fund was deliberately tailored along public-private-partnership model for the purpose of accountability, transparency and efficiency, whereby deployment of equipment would be devoid of the usual civil service bottleneck.
Mr. Wada acknowledged the contributions made so far to the fund by MTN, Dangote Group and some banks.
The governor said there was need for more money if the state is to meet its target of ensuring a safe environment.
The Director-General of Kogi State Security Trust Fund, Joseph Faniyi, called for generous donations to the fund, assuring that money realised would be used judiciously.
He thanked the Lagos State Security Trust Fund for its advice to the state in the course of establishing the fund.
The Chairman of the occasion, Tunde Ayeni, announced that the launch had realised about N200 million for the fund with N50 million of the amount coming from Aliko Dangote.
Other donors include Jide Omokore, N25 million; Ayeni, the Chairman of the fund raising ceremony, N24 million; while all members of the National Assembly from the state, donated N10 million, among other donors. (NAN)