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.

Muritala Awodun     Kayode Laro     Salihu Alhaji Musa     Nigerian Army     Bashiru Makama     Katibi Ibraheem Adeola     Kabir Shagaya     Otoge     Emir Of Ilorin     Jumoke Gafar     Ahman Pategi University     Suleiman Rotimi Iliasu     Stephen Fasakin     Ilorin Descendants Progressive Union     Ambassador Kayode Laro     Pius Abioje     UNIFEMGA     Tricycle Owners Association Of Nigeria     Kunbi Titiloye     Presidential Election     AGM Professional Services     Voices Of Tomorrow     Adanla-Irese     AbdulGafar Tosho     Ilorin Amusement Park     Geri-Alimi Split Diamond Interchange     Bola Olukoju     AIT Ilorin     Niyi Ogundiran     Ope Saraki     Olaiya Victor Mobolaji     Zainab Abass     Bursary     Agbarere     Aiyedun     Salary     Economic And Financial Crimes Commission     Segun Adeniyi     Buari Edun     Abubakar Abdullahi Bata     Kazeem Adekanye     Zulu Gambari     Opobiyi     Kolade Solagberu     Kayode Oyin Zubair     ER-KANG     David Oyerinola Adedunmoye     Quranic Recitation Competition     Societe Generale Bank Of Nigeria     Kale Ayo     Raimi Iyanda     Hakeem Idris     Olokoba Abdullahi Ayinla     Kayode Oyin-Zubair     Omotoso Musa     Abubakar Aliagan     Oba Of Jebba     Gbenga Olawepo     Ayobami Akanbi     Ajia-Bako     Assayomo     Alfa Yahaya Road     Pacify Labs     MMWG     Osuwa     Photo News     Abdullahi Imam Abdullahi     Allocation     Saliu Shola Taofeek     Omu Aran     Isiaka Rafiu Mope     Usman Rifun     Lucky Omoluwa     Dorcas Afeniforo     Isapa     Basic Education Certificate Examination     Aisha Buhari    

Cloud Tag: What's trending

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

Oba-Solagberu     Tunji Ajanaku     CCT     Onilorin     Quranic Recitation Competition     Taofeek Ibraheem     Mike Omotosho     Salihu Ajibola Ajia     Samuel Olusegun Adedayo     Logun     Kayode Ogunlowo     Muslim Media Watch Group Of Nigeria     Sanitation Exercise     Moronfoye     Fatimoh Lawal     Ubandoma     Ishaq Oloyede     Segun Adeniyi     CACOVID Palliatives     Bayo Ajia     GAMA     Maja     Kwara State Television (KWTV)     Olumide Daniel Ibitoye     Ajia-Bako     Funmilayo Braithwaite     Gamji Members Association     Olatunde Michaels     Tricycle Owners Association Of Nigeria     ASKOMP     Modupe Oluwole     Mohammed Ghali Alaaya     Roheemat Hammed     Ishaq Salman     Ibrahim Akaje     Adamu Jemilat-Baki     Saliu Oluwole     Senate     Sam Onile     RTEAN     Jimoh Lambe Abdulkareem     Garba Dogo     Christian Association Of Nigeria     Saraki     Ibraheem Adeola Katibi     Balogun Ajikobi     Wahab Femi Agbaje     Sai Kayi     International Aviation College     Dasuki Belgore     Soffiyyallah Kamaldeen     Adesoye College     Temitope Ogunbanke     Idowu Laro     Makama Of Ilorin     Abdulwahab Ololele     Elerin Of Adanla     Yusuf A. Usman     Raimi Iyanda     Iponrin     MalHub     CBT     Rapheal Ashaolu     Amasa     Lanre Jimoh     Bashir Adigun     Kwara South     Harrison Osauwagboe     Zaratu Umar     Sadiq Umar     Kwara Pdp     Vasolar Consortium     Ayobami Seriki     Dan Iya     Umar Yakubu Jaja     Yusuf Babatunde Abdulwahab     Justina Oha