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.

Kaiama     AbdulRauf Keji     Sola Saraki University     Hassan Taiye Salam     Oke-Ogun     Quranic Recitation Competition     Ilorin Talaka Parapo (ITP)     Idris Amosa Saidu     Garba Ado Sanni     Wahab Agbaje     Abdulkadir Bolakale Sakariyah     Ali Ahmad     Ojuekun Sarumi     Rafiu Ajakaye     Kwara State University Of Education     Ibrahim Sulu Gambari     Vishvas KOZ Tractors     Abdulganiy Abimbola Abdussalam     Nigeria Computer Society     Tunde Saad     Majlis For Sadaqah, Zakat And Waqf     Olabode Towoju     Gbemisola Saraki     Face Masks     Amos Sayo     Mutawali Of Ilorin     Ghali Muhammed     Share/Tsaragi     Roseline Oni Aremu     Ramadhan     Bureau Of Lands     Michael Ologundea     Awodun     Olugbense     James Kolo     Kwara Teaching Service Commission     Ganmo     Ballah     N-Power     Oba-Solagberu     V.O. Abioye     Lanre Aremu     Yakubu Gobir     Forgo Battery Company Limited     Isiaka Abdulrazak     Tope Daramola     Umar Gunu     Volunteers Of Ilorin Community And The Emirate     Aliyu Kora-Sabi     Salihu Alhaji Musa     Peter Obi     Gbenga Adebayo     Iliasu     Alore     Nupe     Aisha Buhari     Medinat Folorunsho Salman     HAMFAT Clinic And Maternity     Cornelius Adebayo     Magaji Nda     Alimi     Idowu Aremu     Garuba Alikinla Shittu     AbdulRazaq Jiddah     KWSIEC     Titus Suberu-Ajibola     Ridhwanullah Al-Ilory     Olatunji Ayeni     Oniwa     Boko Haram     Abdulbaqi Jimoh     Lasiele Alabi Yahaya     Lawal Olohungbebe     Bankole Omisore     Femtech     Edu     Kumbi Titilope    

Cloud Tag: What's trending

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

Salau Kabiru Abdullahi     Ilorin Emirate Staff Association     Segun Abifarin     Makama Of Ilorin     Magaji Erubu     Hakeem Lawal     Apaokagi     Okin Group     Joana Nnazua Kolo     Anilelerin     School Of Nursing     Awili Pedro     Naira Redesign     Haliru Yahaya     Ojo Fadumila     Umar Adelodun     Tunji Moronfoye     Salman Suleiman     Facemasks     Shoprite     Idris Garba     Yusuf Lanre Badmas     Ashiru     IEDPU     Labour Party     Salihu Ajibola Ajia     Mazars Consulting     A.G.F Abdulrasaq     Lawyers Unite Against Corruption     AbdulQowiy Olododo     Abdulrazaq Magaji     Sulyman Age AbdulKareem     Abdullahi Samari     Dogara     Ilorin East/South Federal Constituency     George Innih     Niyi Ogundiran     TIC     Hajj     Dankaka     Victor Gbenga Yusuf     Minimum Wage     Funmilayo Isiaka Oniwa     NTA Ilorin     CBT     AGILE Programme     Eghe Igbinehin     Yoonus Kola Olatinwo     Shero     Lasiele Alabi Yahaya     Ilorin Emirate     Quarry Royal Valley     Ronke Adeyemi     Sadiq Buhari     Abatemi-Usman     Amusa Bello     Oye Tinuoye     Aisha Gobir     Dar-Al-Handasah Consultants     Bayer AG     Clara Nwachukwu     Is\'haq Modibbo Kawu     Valsolar     Aminu Ado Bayero     Ahmed Ayinla Jimoh     Najim Yaasin     Lawal Arinola Kudirat     Sunset Workers     Elewu     Maryam Ado Bayero     Dapo Teni Nig Enterprise     Alore     Shuaib Boni Aliyu     ANCOPPS     Hussein Olokooba     Standard Organization Of Nigeria     Ilorin South