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.

Jumoke Monsura Gafar     Shehu Jimoh     International Aviation College     Galadima     Olupako Of Share     Prince Mahe Abdulkadir     Oba Abdulraheem     Rueben Parejo     Gwanara     Sobi Specialist Hospital     Magaji Are     Olupako     Salihu Ajia     Kwara State Government     Farouk Salim     Majlis For Sadakah, Zakat And Waqf     NaAllah     Adamu Attah     Universal Basic Education Commission     Bukola Ajikobi     Rafiu Ajakaye     Minimum Wage     Saadu Yusuf     Rotimi Oyedepo     Fatimoh Lawal     Olabimpe Olani     Kassim Babamale     Ladi Hassan     Oniyangi Kunle Sulaiman     Rasheed Jimoh     Garment Factory     Shagari     Oba-Solagberu     Abubakar Lah     Ilorin Emirate     Yakubu Dogara     Rotimi Samuel Olujide     Micheal Imodu-Ganmo Road     Abdulwaheed Musa     Kaiama     Lukman Oyebanji Fagbemi     Ope Saraki     Abdullahi Biffo     Abdullahi Saadudeen Alikinla     Muritala Awodun     CACOVID     Alapansapa     VADA     LABTOP     Kwara-SAPZ Project     Mohammed Katsina Ahmed     Mopelola Abdulmaliq-Bashir     Alaiye     Senate President     Ekiti     Omu Aran     Henry Makinwa     Lawal Jimoh     Oasis Muslim Care Foundation     Tayo Alao     NIPR     Olushola Saraki     Mogaji Aare     ASMAU PLAZA     Jide Oyinloye     JAMB     March 28     Kwasu     Yahaya Oloriegbe     NTA Ilorin     Sabi     Jaigbade Alao     Abiodun Oyedepo     Kwara Central     Ibrahim Abiodun     Saeedat Aliyu     Abdulrazaq Sanni    

Cloud Tag: What's trending

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

Doyin Awoyale     Abdulwahab Ololele     Abraham Ojo     Rotimi Samuel Olujide     Rasaq Jimoh     Kunle Suleiman     Hassan Saliu     Mumeen Lah     Unilorin     Baaziki Sulaiman     Mohammed Ghali Alaaya     James Kolo     Ahmed Idris Mohammed     Apaola     Turaki Of Ilorin     Countryside Emerging Leaders Fellowship     Muazam Nayaya     International Public Sector Accounting Standards     State Bureau Of Internal Revenue     NFAI     AbdulRasaq Abdulmajeed Alaro     Osinbajo     Kale Ayo     Aliyu Kora-Sabi     KWAFFA     NaAllah     Hauwa Nuru     Ijagbo     Adamu Atta     Ambassador Kayode Laro     Dele Momodu     Kwara State Television (KWTV)     CCEPE     FOMWAN     Yusuf Abubakar     Pius Abioje     Ganmo Power Sub-Station     Olayinka Are     Abdulrahman Onikijipa     Umar Adelodun     Suleiman Alege Kuranga     Bisi Kristien     Umar Ahmed Gunu     Aishatu Ahmed Gobir     Musibau Akanji     Jumoke Gafar     Aishat Mohammed Lawal     Alfa Yahaya Road     Ayekale     Omu-aran     Baba Isale     Musa Yeketi     Hassan Taiye Salam     Ajasse-Ipo     Temitope Ogunbanke     Oloriegbe     Oluwatoyin Lukman     Islamiya Abdulraheem     Omoniyi Ayinla     Alimi Abdulrazaq     Ramat Oganija     Tunde Mukaila Mustapha     Sheikh Alimi     Abubakar Bature Sulu-Gambari     Saduki Lafiagi     Okanlawon Musa     Alabi Olayemi Abdulrazak     Ogidi-Oloje     Kumbi Titilope     Baboko     Oba Abu     Lotus Bank     Siraj Oyewale     Bankole Omishore     Rafiu Olasile     Dar-Al-Handasah Consultants     Lawal Arinola Kudirat