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.

Government House     Ali Ahmad     Kwara 2023     Abdulwahab Ololele     Al-Adaby     Wasiu Onidugbe     Maigida Soludero Transit     Habeeb Saidu     Amosa     Kayode Oyin-Zubair     Ejidongari     Kumbi Titiloye     Shaykh Luqman Jimoh     Yakubu Dogara     VADA     Ayo Adeyemi     Muhammad Sirajo Aliyu     Fatai Garuba Labaka     Harafat E. Mukadam     Rice Farmers Association Of Nigeria     Kabir Shagaya     Convocation Ceremonies     Oyedun Juliana Funke     Ilorin Likeminds Foundation     Oniwa     Aliyu U. Tilde     Sulyman Atolagbe Alege     Erubu Oba Zubair     Abdulkadri Ahmad Alaiye     Olatunde Oyeyiola     Firdaos Amasa     Musa Ayinla Yeketi     SWAN     Lotus Bank     Bayo Lawal     Owo Isowo     SWAN     Abubakar Abdulraheem     N-Power     Coalition Of Kwara North Groups     CKNG     Kayode Laro     Millennium Development Goals     Minimum Wage     Issa Manzuma     Jamila Bio Ibrahim     Assayomo     Adamu B. Yaqubu     Abdullahi Samari     Yakubu Mohammed Abdullahi     Ogidi-Oloje     Obayomi Azeez     Rasaq Jimoh     Adedayo Yusuf Abdulkareem     Oba Abu     Kwara NIPR     Lateef Alagbonsi     Amuda Aluko     Mazars Consulting     ASKOMP     Vasolar Consultoria     Siddiq Adebayo Idowu Salawu     Yusuf Abdulraheem     Olusola Saraki     David Adesina     A.O. Belgore     SGBN     Federal Road Maintenance Agency     Kale Belgore     John Olobayo     Isaac Aderemi Kolawole     Frootify     Ilorin Anchor Men And Women     Muhammed Aliyu     Minister     Razaq Atunwa     Kayode Yusuf    

Cloud Tag: What's trending

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

V.O. Abioye     Ayedun     Umar Saro     Saad Belgore     Nigeria Computer Society     Earlyon Technologies     Galadima     SSUCOEN     Modupe Oluwole     Taibat Ayinke Ahmed     Presidential Election     Saka Abimbola Isau     EndSARS     Idris Amosa Oladipo Saidu     Hassan Saliu     Anilelerin     SSA Youth Engagement     Belgore     Abdulrasaq Alaro     Offa Descendants Union     Simeon Sayomi     Mohammed Haruna     Makama Of Ilorin     Rapheal Ashaolu     PPS     Bola Sagaya     Kwara State Polytechnic     Yahya Mohammed     Allocation     Saidu Yaro Musa     Abdul-Rahoof Bello     Tsaragi/Share     Oniwa     Onilu     Principal Private Secretary     ARMTI     Ajakaye     Adolescent Girls Initiative For Learning And Empowerment     Oba David Oyerinola Adedunmoye     Joana Nnazua Kolo     Nurudeen Mohammed     Yusuf Zulu-Gambari     Alabe     Pius Abioje     Binta Sulyman     Women Radio     Towoju     Ibrahim Orire     Kwara State Printing And Publishing Corporation     Adekunle David Dunmade     Fatimah Abdulkadir     Olajumoke Monsura Gafar     Quarry Royal Valley     Femi Oladiji     Saadu Alanamu     Sulu Babaita Isiaka     Abdulrahman Abdullahi Kayode     Aso Ofi     Olubukola Kifayat Adedeji     Kwara     Aliyu Sabi     Omoniyi M. Ayinla     Galland Marcias     Abraham Ojo     Hamidat Sulyman-Yusuf     Council Of The Wise     Bamidele Adegoke     Guber Aspirant     Shettima Of Ilorin     James Ayeni     Mohammed Yisa     Ishola Balogun Fulani     Kwara State Football Association     Saliu Tunde Bello     Olufolake Abdulrazaq     CT Ayeni     Joshua Adeyemi Adimula