FG stalling our move to access N23b bond -KWSG ...targets N1.5b IGR

Date: 2015-01-14

The Federal Government came under severe criticism yesterday over its plot to starve state governments under the control of the opposition All Progressives Congress (APC) of fund.

In an exclusive interview with The Herald in Ilorin, the Kwara state Commissioner for Information and Communications, Prince Tunji Moronfoye, warned that such action was unhealthy for a democratic culture.

He noted that the Federal Government had taken the unfavourable action too far with an alleged instruction to financial institutions to decline lending the state government the required funds for infrastructural projects.

Moronfoye said although the state government was unperturbed with the political witch-hunt, the government at the centre had remained unyielding in turning some institutions of the government to willing tools in fighting perceived opponents.

He said in spite of the grand plot to render the state redundant financially, the state government has been operating with strict financial acumen.

"We have tried to access N23billion bond, it was refused by the Federal Government. We also attempted to access normal loans from the banks, they were also blocked by the Federal Ministry of Finance. Instruction had been given that we should not be borrowed money.

"The unfortunate thing about that is this; they are stopping the banks from doing business. Kwara State is economically and financially viable. We have paid the last bit of the former bond, which is N17billion bond, which Dr Bukola Saraki took when he was governor. We paid that on August 5, 2014. Everything was complete.

"So what is the basis for this. It is obviously political. And we have sent a political message as well that during the elections, we would not be intimidated, and we are going to stand by the APC".

Commenting on the austerity measures, the commissioner said the state government had adopted the approach long ago even before the current oil price slump in the international market.

The crude oil is now sold below $50 in the market with the bandwagon effect manifesting in the economy of developing nations, Nigeria inclusive.

Moronfoye lambasted the federal government for wasting the nation's scarce resources on frivolities.

Meanwhile, the commissioner told The Herald that the state government was targeting N1.5billion from this year as its monthly Internally Generated Revenue (IGR) in its current drive to develop the state, adding that the government would dwell on natural resources while tightening all financial loopholes.

He stated that the government would also generate more funds through small scale business, foreign direct investment as well as tourism sector.

He said, "at this point in time, we are oscillating between N600 and N800million per month, and what we want to do, is to jerk it up. At least, we should hit N1.5billion per month. We are going to tighten a lot of loopholes that made us to lose money.

"These are part of the reasons that you see our VIO on the streets, checking if people have paid for their licenses and others" .

Source

 

Cloud Tag: What's trending

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

Abdulmumini AbdulRazaq     Salau Kabiru Abdullahi     National Democratic Congress     Kwara 2015     Amina El-Imam     Olugbense     NTA Ilorin     Folajimi Aleshinloye     20 Billion Bond     Undergraduate Bursary     Chief Imam Of Offa     Saliu Mustapha     YAKOOYO     NIRSAL     Adesina Simon Sodiya     Abdulrazaq Magaji     Press Release     Code Of Conduct     Gurei     Bukola Saraki     Atiku     Ileloke     Oluronke Adeyemi     VADA     Oke Sunna     Abdulbaqi Jimoh     Special Agro-Industrial Hub     Garment Factory     Omoniyi Ayinla     Oba Abdulkadir La\'aro     Javed Khan     Owu Fall     Goodluck Jonathan     Abiodun Abdulkareem     Volunteers Of Ilorin Community And The Emirate     Village Alive Development Association     Muhammad Fawaz Abubakar     Jalala     CCEPE     Aiyedun     Ita-Nmo Market     Shonga     Aliyu Kora-Sabi     Taibat Ayinke Ahmed     Saheed Alakoso     AbdulRazaq AbduMajeed Alaro     Budo Egba     Isiaka Abdulrazak     Adewuyi Funmilayo     Oro Grammar School Old Students Association     Basit Olatunji     Haashim Initiative For Community Advancement     Saliu Oluwole     AbdulRazaq Abubakar Jiddah     Abubakar Abdulraheem     Nigerian Army     Centre For Community Empowerment And Poverty Eradication     Bamidele Adegoke Oladimeji     Ohoro Of Shao     Siraj Oyewale     Saka Adeyemo     Abdulsalam A. Yusuf     Quareeb Islamic Association     Kwara State Health Insurance Agency     Lawan     Hijab     Rotimi Samuel Olujide     Lafia Aliyu Korasabi     Special Adviser On Digital Innovation     Laboratory-to-Product     Aso Ofi     Mary Kemi Adeosun     Issa Memunat Moyosore     Olayinka Jelili Yusuf     Chief Imam Of Omu-Aran     Baaziki Sulaiman     Sarafadeen Kayode Akorede    

Cloud Tag: What's trending

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

Nigeria Governors\' Forum     HICA     Coalition Of Kwara North Groups     Lanre Olosunde     Haruna Tambiri Mohammed     Ajasse-Ipo     Ahmed Idris Mohammed     Rasaq Jimoh     Saduki Lafiagi     UNIFEMGA     Police Commissioner     Yemi Sanni     Razak Atunwa     Saidu Isa     Shehu Salau     Muritala Awodun     Mamman Saba Jibril     Balogun-Ojomu     Kwara 2023     Kamoru Kadiri     Jumoke F. Ajao     Ilota     Hamza Usman     UNILORIN Alumni     Eghe Igbinehin     Fulani     V.O. Abioye     General Hospital, Ilorin     Kamaldeen Ajibade     Mohammed Khadijat Kubura     Pilgrims Board     Ojo Isekuse     Iqra Books     Transition Implementation Committee     Ilorin West/Asa Federal Constituency     Kwara Liberation Group     AbdulRazaq AbduMajeed Alaro     Damilola Yusuf Adelodun     Abdullahi Saadudeen Alikinla     Opolo Global Innovation Limited     Bashir Adigun     Abdulmajeed Wahab     Ibrahim Kayode Adeyemi     Oke-Ero     Saad Omo\'ya     Saraki     Babajide Ajayi     Innocent Okoye     Gobirawa     Wahab Agbaje     Imam Gambari     Gafaru Olayiwola Olorisade     Suleiman Abubakar     Idris Garba     Haliru Dantoro     Yusuf Lanre Badmus     Shuaib Jawondo     Muhammed Mahe Abdulkadir     Kayode Zubair     Abdulazeez Arowona     Emir Of Ilorin     Prince Bola Ajibola     Muhammad-Mustapha Suleiman     Shaaba Lafiagi     Ebun-Olu Adegboruwa     Bello Taoheed Abubakar     Bahago     Saka Balikis Kehinde     Abdulmalik Bashir Mopelola Risikatullahi     Bond     Saliu Tunde Bello     Bareke     Kwara 2015     Babatunde Ajeigbe     Gbajabiamila     Omu-aran     Bashirat Bola Bello