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.

Wasiu Odewale     National Pilot     Idiagbon     Kumbi Titiloye     Kwara State Television (KWTV)     Kumbi Titilope     Owu Fall     Bola Ahmed Tinubu     Ballah     Seni Saraki     Aisha Buhari     Centre For Community Empowerment And Poverty Eradication     Col. Ibrahim Taiwo     Saliu Oluwole     Madawaki     New Nigeria People’s Party     Rihanat Ajia     Amule     Special Agro-industrial Processing Zone     Dan-Kazeem     Kayode Zubair     Prince Bola Ajibola     Shehu Alimi Foundation     Sa\'adu Salahu     Federal College Of Education (Special), Afon     Adamu B. Yaqubu     Shuaibu Yaman     11th Galadima     Razaq Atunwa     Yoonus Lawal     Kazeem Adekanye     Magaji Erubu     Moji Makanjuola     Abdulfatai Salman Baakini     Chief Imam Of Ilorin     Jamiu Oyawoye     Yahaya Dumoye     Mahfouz Adedimeji     Oba Abu     Olota Of Odo-Owa     Issa Manzuma     Sheikh Ridhwanullah     Michael Imoudu National Institute For Labour Studies     Yahaya Oloriegbe     Agbarigidoma     Hydroelectric Power Producing Areas Development Commission     V.O. Abioye     Afolabi-Oshatimehin     Justina Oha     Bola Olukoju     Peculiar Allowance     Yashikira     The Herald     Gobirawa     Ita-Ore     Kwara-SAPZ Project     All Peoples Party     Mohammed Khadijat Kubura     Sabi     KWACOBPA     Oro Grammar School Old Students Association     Idris Garuba     Fatai Olodo     Yusuf Amuda Gobir     Segun Olawoyin     Oloruntoyosi Thomas     Dan Iya     Www.Kwarareports.com     Share-Tsaragi     Oba-Solagberu     Bolaji Nagode     Alfa Modibo Belgore     Mohammed Abdulahi     Osuwa     Suleiman Alege Kuranga     Sola Saraki Educational Foundation     Gbajabiamila    

Cloud Tag: What's trending

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

Abatemi Usman     Isa Aremu     Durbar     Adebayo Salami     Stephen Fasakin     COEASU     Fola Consultant     Tescom.kwarastate.gov.ng     Kwara NIPR     Garment Factory     Oladimeji Thompson     08001000100     Babs Iwarere     Onilorin     HAMFAT Clinic And Maternity     Olaiya Lawal     Mansur Alfanla     Share/Tsaragi     Olabode George Towoju     Abdulrahman Onikijipa     Umar Yakubu Jaja     Local Government Pension Board     Ibrahim Labaika     Bibire Ajape     Kayode Yusuf     AbdulFatai Adeniyi Dan-Kazeem     Aasiyat Bello Oyedepo     Damilola Yusuf     Madawaki     Lawyers Unite Against Corruption     Flights To Ilorin     Toyin Falola     Lai Mohammed     Biliaminu Aliu     Emir Of Ilorin     Maryam Ado Bayero     Moses Adekanye     Al-Hikmah Radio     Nigeria Governors\' Forum     Isiaka Oniwa     Ahmed     Fatai Olodo     Kwara Teaching Service Commission     Theophilus Oyebiyi     Kabir Shagaya     Shuaibu Yaman Abdullahi     Ajayi Okasanmi     Bursary     Olosi Of Osi     Arinola Lawal     Alabi Lawal     Fulani     Abdulfatai Ahmed     Col. Ibrahim Taiwo     Prince Mahe Abdulkadir     Laduba     Yahaya Abdulkareem Babaita     Abubakar Baba     SDP     Usman Yunusa     N-Power     Funmi Salau     Woro     Aisha Ahman-Pategi     Ibrahim Mohammed     Saka Abimbola Isau     NULGE     Waheed Ibrahim     Basit Olatunji     Yaman     National Union Of Road Transport Workers     Abubakar Kawu Baraje     Ethical College     Kunle Suleiman     Aisha Gobir     Afonja     Sunday Popo-Ola