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.

Monkey Pox     Suwa-Arabs     Bashir Adigun     Musa Ayinla Yeketi     KWATMA     Jide Ashonibare     Afolayan     Ilorin Anchor Men And Women     Madawaki     Mope Dasuki Belgore     Congress For National Consensus     Split Diamond Interchange     Elelu     Gbemisola Saraki     Ibrahim Akaje     Lanwa     Abdulsalam A. Yusuf     Nigerian Correctional Service     Tescom.kwarastate.gov.ng     Oluranti Idowu     Tafida     Mohammed Khadijat Kubura     Ilesha-Baruba-Gwanara     Kwara State Fish Farmers Association     Police Commissioner     Tsaragi-Share     Abiodun Musa Aibinu     CACOVID     Bareke     Bilikis Oladimeji     First Lady     Raji Ayodele Kamaldeen     Muhammed Akanbi     Baba Adini Of Kwara State     Olawuyi     Tunji Folami     Ariyo     Public Holiday     Shonga Farm Project     Bashir Omolaja Bolarinwa     Nupe     Osinbajo     Oluwole Dupe     Salihu Ajibola Ajia     Peculiar Allowance     Tosin Saraki     Shaaba Lafiagi     Yusuf Abdulkadir     Prince Bola Ajibola     Omoniyi M. Ayinla     Dar-Al-Handasah Consultants     Femi Agbaje     Adamu B. Yaqubu     Ope Saraki     Baboko Primary School     Dorcas Afeniforo     Adebayo Salami     Toyin Falola     Oba-Solagberu     Abdullahi Saadudeen Alikinla     Adijat Adebiyi     Alore     Pilgrims Board     Lithium     Alumni Association Of The Federal Polytechnic Offa     Orisa Bridge     Yahaya Abdulkareem Babaita     Oye Tinuoye     Mahmud Ayinla Giwa     Sheriff Shagaya     David Oyedepo     Muhammad Mustapha Suleiman     Shonga     Maigida Soludero Transit     Jumoke F. Ajao     Convocation Ceremonies     Hussein Oloyede    

Cloud Tag: What's trending

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

Federal Allocation     Abdulfatai Ahmed     Sulyman Tejidini     Oloruntoyosi Thomas     Ilorin International Airport     Kayode Ibrahim     March 28     Sulyman Abdulkareem     Ahmed Idris Mohammed     Towoju     Raymond Olaitan     Tunji Ajanaku     Muhammed Aliyu     Government High School (GHS), Adeta     Tunji Moronfoye     Laboratory-to-Product     Yekini Adio     Tafidan Kaiama     Tosin Saraki     Gamji Members Association     Abiodun Musa Aibinu     Bankole Omisore     Kehinde Baale     Valsolar     Saba Mamman Daniel     Yahaya Jibril Usman     Aliyu Muyideen     Sheu Ndanusa Usman     Rabiu Kwankwaso     Ike Ekweremadu     Bolaji Aladie     Kwara State Fish Farmers Association     Bamidele Adegoke     NITDA     Chief Imam Of Offa     Suraj Tunji Oyewale     JAMB     Col. Taiwo     Shehu Salau     Elese Of Igbaja     Olaoye B. Felix     Ahmed Shuaib Buranga     Lucky Omoluwa     Kazeem Adekanye     Kale Ayo     Kunle Suleiman     Chemiroy Nigeria Limited     Saka Onimago     Hassan Taiye Salam     Forgo Battery Company Limited     Gwanara     General Hospital, Ilorin     Azeez Salawu     Earlyon Technologies     Pacify Labs     Yusuf Arowosaye     Ilesha-Baruba-Gwanara     Adebayo Salami     Musa Alhassan Buge     Okala Baba     Matthew Okedare     Olaiya Victor Mobolaji     Ilorin Muslim Community     David Oyepinola Adedumoye     Bolakale Kawu     Temi Kolawole     Taofik Abdulkareem Babaita     Dagbalodo     Yusuf Abdulwahab     Bello Taoheed Abubakar     Modibo Kawu     Sa\'adu Salau     Lafia Aliyu Korasabi     Michael Nzekwe     Yusuf Lawal     Law School Scholarship     Adesoye