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.

Bello Bature     Metro Park     Shaykh Luqman Jimoh     Kwara State Pension Board     Ayekale     Mohammed Yahaya Barki     Clara Nwachukwu     Sulyman Atolagbe Alege     James Kolo     Aliyu Umar     Shaaba Lafiagi     Mamman Saba Jibril     Olaoye B. Felix     Mohammed Ghali Alaaya     Muhammad Toyin Sanusi     Aishat Mohammed Lawal     ENetSuD     Col. Ibrahim Taiwo     Kuliyan Geri     Abdullahi G. Mohammad     Yetunde Balogun     Islamiya Abdulraheem     Abdulfatah Ahmed     Abdulazeez Arowona     Emir Of Ilorin     Dar-Al-Handasah Consultants     Ahmed Idris Mohammed     National Broadcasting Commission     First Lady     QuickWin     Olota Of Odo-Owa     Emir Of Yashikira     Sherif Sagaya     Oba Sulaiman Asude     Seed Technologies     KFA     Oba-Solagberu     Durosinlohun Atiku     Musibau Akanji     KWASEIC     Hassan Abdulazeez Elewu     Alaaya     Okiki     Wahab Issa     Ayobami Akanbi     ER-KANG     Iliasu     Ramadan     Adam Abdullahi Al-Ilory     Olokoba Abdullahi Ayinla     Kwara State Sports Commission     Sulyman Buhari     Abubakar Usman Jos     Timothy Olatunde Fadipe     Lawal Olohungbebe     Aishatu Ahmed Gobir     Albert Ogunsola     20 Billion Bond     Olatunji Bamgbola     Sobi Hill     Kwara State Governor     Shehu Salau     Lanwa     Ahmed Shuaib Buranga     Playing Host     Afonja Descendants Union     Nigeria Governors\' Forum     Simeon Sule Ajibola     Christopher Ayeni     CUTI     Yusuf Ali     Saka Asiat Ayinke     Senior Special Assistant On Student Affairs     Saad Belgore     Local Government Pension Board     Garuba Alikinla Shittu     SUBEB    

Cloud Tag: What's trending

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

Oluwatoyin Lukman     Gani Saadu     SWAN     Florence Saraki     Tunji Folami     Imam Gambari     Nigeria Association Of Women Journalists     Oyun     Abdulquawiy Olododo     Elelu     Ademola Kiyesola     Oloye     Abdulmumin Yinka Ajia     Vasolar Consultoria     Press Release     Yakubu Mohammed Abdullahi     Yahaya Seriki Gambari     Yomi Ogunsola     Ilorin     Farouk Salim     Jamila Bio Ibrahim     Yakubu Dogara     Abdulmumini AbdulRazaq     Sarah Alade     Radio Kwara     Oya State     Muyiwa Oladipo Kanu     Bello Oyedepo     Michael Ologundea     Asiwaju Bola Tinubu     Madawaki Of Ilorin     Atunwa     Emir Of Kano     Balikis Jawondo     Shuaib Jawondo     Mamatu Abdullahi     Omoniyi M. Ayinla     Shonga Farm Project     Tsaragi     Aliyu Kora-Sabi     Ministry Of Women Affairs And Social Development     Olomu Of Omu-Aran     Akanji     Aliyu Sabi     Iyabo Dupe Adekeye     Halimat Yusuf     Zaratu Umar     Taiwo Joseph     UTME     Kwara State Sports Commission     Ilorin.Info     Elerinjare     Women Radio     Olaoye B. Felix     Suleiman Alege Kuranga     Omoniyi Ayinla     Adamu Atta     Oniyangi Kunle Sulaiman     Abdullahi Dasilva Yussuf     Yusuf Babatunde Abdulwahab     Nigerian Correctional Service     Simeon Sule Ajibola     Bolakale Kawu Agaka     Susan Modupe Oluwole     Alfa Modibbo Belgore     Federal Neuro-Psychiatric Hospital     Lanre Issa-Onilu     Kaosarah Adeyi     Abdulkadir Akanbi-Oke     Olosi Of Osi     IsDB     Mohammed Abdulahi     Seed Technologies     Mutawali Of Ilorin     Guber Aspirant     Awwal Jawondo     Joseph Alex Offorjama