Bond: Kwara PDP asks Gov Ahmed to disclose state's debt profile

Date: 2014-05-23

The Peoples Democratic Party, PDP, in Kwara State has challenged Governor Abdulfatah Ahmed to publicly disclose the debt profile of the state before taking another bond.

Chairman of the party in the state, Akogun Iyiola Oyedepo, who made this known in a statement yesterday, said the government should let the people know what they were owing as it had not accounted for the N17 billion and N10 billion bonds taken in 2009 and 2010 respectively, before taking another N23 billion bond.

He said: "They should let us know how much the state is owing before they can take another loan. Governor Ahmed should not take a loan of N23 billion without accounting for all he has taken since 2011."

According to Oyedepo, none of what the state government claimed it used the N17 billion for had any direct effect on the well-being of the people of the state, adding that the agricultural modernization the government said it had done was a ruse, since there was no modernization in the sector.

Oyedepo listed Secretariat phase II, Ilorin Water Reticulation, Aviation College, Cargo Terminal, Kwara State University, urban roads and settlement of outstanding debt as projects government claimed to have used the bond for.

"No agriculture has been modernized in Kwara. The PDP position is that the Shonga farm experiment is a total failure," he said. He added that the Shonga farm was unable to pay the N650 million the state guaranteed for it, as N850 million was later deducted from the state's statutory allocation to offset the Shonga loan.

"A farm that cannot pay back its loan is nothing but a failure. I challenge the government to proof that it is the proceeds from the Songa farm that paid the loan," Oyedepo said.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Salihu Alhaji Musa     Jeunkunu-Malete-Bani     Elerin Of Adanla     Makama Of Ilorin     Radio SBS     Bello Oyebanji     Awwal Jawondo     Saheed Alakoso     Umar Ahmed Gunu     Usman Yunusa     Omu Aran     Mope Dasuki Belgore     Young Progressives Party     Kulende-UITH     Barakat Community Secondary School     Kwara Restoration Project     Adebayo Mohammed Kamaldeen     March 28     Taofik Mustapha     Ayotunde Emmanuel Alao     Titus Ashaolu     Fatimah Abdulkadir     Kayode Issa     Olugbense     Kwara NIPR     Countryside Emerging Leaders Fellowship     KwaraLearn     Revenue Court     Garment Factory     Jumoke Monsura Gafar     Alao Ayotunde     Yashikira     Obasanjo     Adesoye College     Senior Special Assistant On Student Affairs     Kunle Okeowo     Albert Ogunsola     GGDSS Pakata     Bola Shagaya     Omar Bolaji Gambari     Ahmed Shuaib Buranga     Zubair Folorunsho Erubu     Dan Masanin     Baba Idris     Olusegun Adeniyi     Ahmad Uthman     Rachael Obisesan     11th Galadima     Habeeb Saidu     Surajudeen Akanbi     Olayinka Are     Kwara Metro Park     Olateju Lukman     Belgore     Yoonus Kola Olatinwo     Shehu Salau     Binta Sulyman     Hassan Saliu     Okedare     Sheikh Alimi     Durbar Festival     Amoyo     Ahmed Mohammed Rifun     Tunji Ajanaku     Mumeen Lah     Sa\'adu Gambari     Azeez Salawu     Sabi     Yoonus Lawal     Kwara Basketball Association     Ile Arugbo     Pius Abioje     Funmilayo Oniwa     Unilorin FM     Centre For Peace And Strategic Studies     Ibrahim Kayode Adeyemi     Joseph Bamigboye    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

KWASEIC     Just Law Forum     Adam Abdullahi Al-Ilory     Emir Of Lafiagi     George Innih     Rafiu Olasile     Young Progressives Party     Kwara State Infrastructure Development Fund     Isa Aremu     Samari     Yusuf Badmus     Durbar Festival     Offa Poly     Kola Ologbondiyan     Muhammad Ghali Alaaya     Bayer AG     Ibrahim Taiwo Road     Buari Edun     Haashim Initiative For Community Advancement     Yahaya Dumoye     Jalala     Joseph Offorjama     Abdulfatah Ahmed     Bilikis Oladimeji     Ajike People Support Centre     Tunde Akanbi     Rice Farmers Association Of Nigeria     Towobola Abdulrahman Toyin     Government House     Monthly Sanitation Exercise     Ajuloopin     Ophthalmological Society Of Nigeria     Kaiama     Omoniyi Ayinla     John Obuh     Ilorin Muslim Community     Akeem Lawal     Rex Olawoye     Elerin Of Adanla     Ibrahim Taiwo     Haliru Dantoro     Ella Supreme Tissue Paper     Shuaib Jawondo     Plat Technologies Limited     Popo-Igbonna     Bello Taoheed Abubakar     Yusuf Abdulkadir     Oluranti Idowu     Yusuf Amuda Abubakar     Ogidi-Oloje     Wahab Egbewole     Adama Isa     Kamoru Kadiri     Oke-Kura     Mansur Alfanla     Abdulkadri Ahmad Alaiye     Samuel Adaramola     KWATMA     Abikan     Ilorin West     Ahmed Shuaib Buranga     Ibraheem Abdullateef     Trade Lenda SME Fair     Saudat Abdulbaqi     Sheikh Ridhwanullah     April 11     Fatai Garuba Labaka     Tunji Oyawoye     Na\'Allah     Jide Oyinloye     Mohammed Ajia Ibrahim     Aso-ofi     New Nigeria People’s Party     Hassan A. Saliu     Gbadeyan Gbadura Yomi     Sheriff Shagaya     Government High School (GHS), Adeta