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.

Egbewole     Abdulwahab Ololele     Henry Olaosebikan     CACOVID     Tope Daramola     Kumbi Titilope     Abdulwasiu Bolaji Adeyi     Binta Sulyman     Atiku Abubakar     Garba Dogo     Okiki     Onilorin Of Ilorin     John Olobayo     Firdaos Amasa     Amina El-Imam     Saheed Alakoso     Split Diamond Interchange     Jimoh Lambe Abdulkareem     Tinubu     Tsaragi/Share     Okedare     Towobola Abdulrahman Toyin     Mahmud Babatunde Baker     Kuliyan Geri     Jare Olatundun     Isaac Aderemi Kolawole     NTA Ilorin     Olatunji Ibrahim     Babatunde Ajeigbe     Muhammad Sirajo Aliyu     Mufutau Gbadamosi Esuwoye     Abikan     Rasaq Jimoh     Razak Atunwa     Ekiti     Kwara Coalition Of Business And Professional Associations     Student Learning Support Helpline     Wahab Kunle Shittu     Elelu     Communication Network Support Services     Abubakar Usman Jos     Muhammadu Buhari     Association Of Kwara State Online Media Practitioners     International Public Sector Accounting Standards     Kamaldeen Ajibade     Pilgrims Board     Igosun     Funmilayo Oniwa     Saheed Popoola     Post-utme     Tunji Olawuyi     Diagnostic Centre     Olaiya Lawal     Omoniyi M. Ayinla     Ilorin International Airport     NITDA     Atiku     GGDSS Pakata     Jumoke Gafar     Alapado     Democracy Day     SSA Youth     Sidikat Akaje     Sidikat Alaya     Budo Egba     Elerin Of Adanla Irese     Elections     Adeleke Ogungbe     Babata     Ajikobi     Hassan A. Saliu     Ilorin Talaka Parapo (ITP)     Erin-ile     Adegoke Bamidele     Dairo Kunle Paul     Abdullahi Adisa Akodudu     Oyeyemi Olasumbo Florence    

Cloud Tag: What's trending

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

Osi     Gobirawa     Ahmed Alhasssan     Opobiyi     Col. Ibrahim Taiwo     Abubakar Ndakene     Tosin Saraki     Durbar     IHS Towers     Shonga Farm Project     Bola Magaji     Muhammad Mustapha Suleiman     Ojuekun Sarumi     Emir Of Lafiagi     Olaosebikan     Ayeyemi Sulaiman     Dauda Adeniran Adeshola     Federal College Of Education (Special), Afon     Baakini     Musa Abdullahi     Senate Presidency     Garuba Alikinla Shittu     Aminat Ahmed     Samari     Zulu Gambari     Funmilayo Isiaka Oniwa     Kubra Kazum     Muhammadu Buhari     Tunde Mukaila Mustapha     GGDSS Pakata     Hijaab     Olokoba     Irepodun     Paul Odama     Alaiye     Saliu Ajibola Ajia     Kwara Liberation Group     Abdulwasiu Bolaji Adeyi     Muhammed Mahe Abdulkadir     Hauwa Nuru     Lanwa     Kayode Oyin-Zubair     Oyelere Oyinloye     Adamu Atta     Maryam Ado Bayero     Okeose Christian Cementary     Kwara North     Kayode Ibrahim     James Ayeni     Salihu Yahaya     National Pilot     Abdullateef Abdussalam     Abdulrazaq Aiyelabegan     Akom Construction And Engineering Synergy Ltd     Bello John Olanrewaju     Abdulrazak Shehu Akorede     KW-GIS     Ella Supreme Tissue Paper     Adamu B. Yaqubu     Salihu S. Yaru     Abdul-Rasheed Na\'Allah     Ajike People Support Centre     Ibrahim Issa Jetti     Kumbi Titiloye     Mahmud Babatunde Baker     Nigeria Computer Society     Saka Keji     AbdulRauf Keji     Ekiti     Mahmud Ajeigbe     Oniye     Muazam Nayaya     Oyin-Zubair     Assayomo     ER-KANG     AbdulRazaq Jiddah     Ayo Adeyemi