Controversies trail Kwara N10b credit facility

Date: 2012-02-01

The express approval granted Kwara State Governor AbdulFatah Ahmed by the state House of Assembly to access a credit facility of N10billion from a new generation bank has continued to generate mixed reactions. While the ruling Peoples Democratic Party (PDP) in the state backed the state government's move, the opposition parties' leaders are kicking.

The House had, last week, approved the request of Ahmed to draw N10billion credit facility from the bank.

Projects to be financed by the loans according to the letter read on the floor of the House, include a Vocational Centre at Ajase Ipo, Kwara State University, Malete, Cargo Terminal, Metropolitan Square, Ilorin Metropolis Water Reticulation Projects, Ultra Modern Diagnostic Centre and International Aviation College, Ilorin.

"How can anyone question the importance of the rehabilitation of hospitals, the establishment of an international vocation centre to empower our youths for employment as well as the completion of the Ilorin Metropolis Water Reticulation Project Phase One of which has been completed and is being enjoyed by the people of Kwara State" asked the party's publicity secretary Alhaji Mas'ud Adebimpe.

The Alliance for Democracy (AD) in the state opposed the idea coming at a time huge allocations from the Federation accrue to the state government.

The duo of AD chairman and secretary, Buliaminu Aliu and Michael Ologunde said there was no need for the loan and, if indeed there was a need, the government must indicate a practical breakdown of how it would be expended in order to secure public support for the move.

They said: "The news that Governor Ahmed wants to borrow N10 billion on behalf of Kwarans came to us as a rude shock. The governor's step to borrow such a huge amount of money is premature because the Federal Government had recently announced the release of N559.1 billion as December 2011 monthly allocation to both states and local government areas in Nigeria.

"Certainly over N10 billion will be Kwara State's after sharing. We also learnt that Kwara state government got about N9 billion as November 2011 allocation which means that the state government is richer by N20 billion or so within two months. Then, why should our governor want to borrow N10 billion?

"We remember that the former governor borrowed N9 billion towards the tail end of his tenure to execute certain projects. We believe Ahmed is not borrowing the N10 billion to complete or execute the same as his predecessor had earlier done. This is because the projects are still new and covered by guarantee. The AD Kwara chapter urges the governor to stop the idea of borrowing N10 billion on behalf of the good people of the state.

"We also appeal to members of the Kwara state House of Assembly to reject, instantly, such proposal from the governor."

Reacting to the development, the state Action Congress of Nigeria (ACN), through its chair, Kayode Olawepo, said a resounding no to the loan.

Olawepo said: "We wish to dismiss as dubious, sheer profligacy and mindless disrespect for the Kwara public the decision of the illegitimate PDP government in the state to borrow N10billion to, as they claim, sponsor some phoney developmental projects. The hurried manner with which the PDP-dominated House of Assembly rushed to approve the request, without any thorough debate or committee works, raises many questions".

Source

 

Cloud Tag: What's trending

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

Emir Of Shonga     Sa\'adu Salau     Bibire Ajape     Abdul-Rasheed Na\'Allah     Tinubu     Kwara Restoration Project     Gobir Organization Foundation     Saka Onimago     BIR     Oladipo Akanmu Tolani     Elewu     Sheriff Olanrewaju     Umar Ahmed Gunu     Kola Olota     Coalition Of Kwara North Groups     Nupe     Buari Edun     Ladi Hassan     COVID-19 Palliatives     AbdulRahman Saad     Alabi Olayemi Abdulrazak     Dankaka     Muhammed Abdullahi     Suraj Tunji Oyewale     Zainab Abass     Tricycle Owners Association Of Nigeria     Kwasu     Olateju Lukman     Sherif Shagaya     Sai Kayi     Afolabi-Oshatimehin     Igosun     Colleges Of Education Academic Staff Union     Isiaka Saka Opobiyi     Tsaragi/Share     Transition Implementation Committee     Saka Keji     MalHub     Chartered Institute Of Personnel Management Of Nigeria     Kwara State Coalition Of Business And Professional Associations     Ahmed Bolaji Nagode     VADA     Basit Olatunji     3MTT     Ilorin Central Mosque     Kayode Ibrahim     Logun     Aliyu Kora-Sabi     Jumoke Gafar     Apata Ajele Secondary School     Kwara State Pension Board     Bolaji Nagode     Mohammed Haruna     AGF Abdulrazaq     Sola Saraki University     SSA Youth Engagement     Nagode     Chikanda     Ibrahim Kayode Adeyemi     Omoniyi Ayinla     Iliasu     Moremi High School     Mohammed Khadijat Kubura     Ibrahim Oniye     Rashidi Yekini     Adamu Attah     Olusegun Adeniyi     Harafat E. Mukadam     Osi     Alagbado     GRA     Is\'haq Modibbo Kawu     Kamaldeen Ajibade     Majlis For Sadakah, Zakat And Waqf     IQRA College     Lukman Adeloyin     Makama    

Cloud Tag: What's trending

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

Olokoba Sulyman     Fatai Olodo     PAACO-PCL Consortium     AbdulHamid Adi     V.O. Abioye     Funke Adedoyin     Tsado Manman     Abdullahi Adisa Akodudu     Tunde Yusuf     Muhammad Toyin Sanusi     Sayomi     Henry Olaosebikan     Aisha Ahman-Pategi     Ajibola Saliu Ajia     Abiodun Abdulkareem     Saudat Abdulbaqi     Pacify Labs     Rebecca Bake     Sabi     Otuka     Fatimoh Lawal     Lanre Badmus     Abubakar Baba Sulaiman     Bolakale Kawu     Olusegun Adeniyi     Kamaldeen Gambari     Fatai Adeniyi Garba     Raliat AbdulRazaq     Abubakar Baba     Amina Susa\'a De Ahmed     Aliyu Alhassan     Bola Sagaya     Bamidele Adegoke     Babs Iwarere     Umar Danladi Shero     Joseph Offorjama     C2c@kwarastate.gov.ng     Oluranti Idowu     Surajudeen Akanbi     Oyelere Oyinloye     Yomi Ogunsola     ER-KANG     Maryam Nurudeen     Bola Magaji     Yekini Adio     Opobiyi     Abdulazeez Arowona     Raymond Olaitan     T And K FOODS     Ayedun     Osinbajo     Senior Staff Union Of Colleges Of Education     Abdulfatai Ahmed     Mufutau Gbadamosi Esuwoye     Babaita     COEASU     IPSAS     Muhammed Taofeeq Abdulrazaq     KWACOBPA     Saad Omo\'ya     Omotosho     Nupe     Khadijat Ayoola Yusuf     Gbadeyan Gbadura Yomi     Bola Tinubu     Yaru     SGBN     Jumoke F. Ajao     Tunde Mukaila Mustapha     National Association Of Nigerian Students     Suwa-Arabs     Government House     Abdulraheem Olesin     Mutawali     Victor Gbenga Yusuf     Ibrahim Jawondo     Modibo Kawu