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.

Balikis Jawondo     Emir Of Lafiagi     Abubakar Aliagan     Kola Shittu     Countryside Emerging Leaders Fellowship     Babatunde Ishola Babaita     Samuel Elizabeth Keatswa     Boko Haram     Tunde Yusuf     Oyin-Zubair     Olokoba Abdullahi Ayinla     Smart School     Albert Ogunsola     Bamidele Aluko     Rafiu Ibrahim     Trader Moni     Facemasks     Abdulrazaq Adebayo     Council Of The Wise     Mary Kemi Adeosun     Innocent Okoye     Sunday Fagbemi     Jide Ashonibare     Folashade Omoniyi     Gobir     Bola Magaji     Gani Saadu     Cassava Growers\' Association     Orisa Bridge     Police Commissioner     Abdulganiyu Oladosu     Adaramaja     Suleiman Ajadi     Marufat Oladosu     Idris Amosa Oladipo Saidu     AbdulKareem Yusuf Danhawa     Olatunde Jare     ARMTI     Ganiyu Taofiq     Joana Nnazua Kolo     Offa Descendants Union     Bureau Of Lands     Freshvine Nigeria Limited     Opaleke Bukola Iyabo     Turaki Of Ilorin     Ayodele Olaosebikan     Seed Technologies     Ayotunde Emmanuel Alao     Ojuekun Sarumi     Opobiyi     Ojuekun     Playing Host     Oba-Solagberu     Alagbado     Olayinka Jelili Yusuf     Roseline Oni Aremu     Yusuf Babatunde Abdulwahab     Saliu Mustapha     Musa Alhassan Buge     Ramadhan     Aishatu Ahmed Gobir     Dar-Al-Handasah Consultants Ltd     Alliance For Democracy     Ajikobi     Yoonus Lawal     Femtech     Oyelere Oyinloye     Saba Jibril     Bature Bello     Idris Garba     Oluwatoyin Lukman     Ayobola Ipinlaiye     Mahmud Ayinla Giwa     CCEPE     Yusuf Lanre Badmus     Esuwoye     Gobir Organization Foundation    

Cloud Tag: What's trending

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

Fatai Adeniyi Garba     Umar Bayo Abdulwahab     Ridwan Agboola     NTA Ilorin     Joshua Adeyemi Adimula     Kwarareports.com     Offa Metropolitan Club     Musa Ayinla Yeketi     Olaosebikan     Adama Isa     Emir Of Kano     Playing Host     Magaji Nda     Lotus Bank     Shero     Lafiagi     Saka Isau     March 28     Abdulrahman Abdulrazak     CKNG     Olayinka Are     Garba Dogo     Owu Fall     Yunus Lawal     KWAFFA     Olupako     Damilola Yusuf Adelodun     Shade Omoniyi     Abdullahi Biffo     Dagbalodo     Kola Ologbondiyan     Atiku     Seun Bolaji     Doyin Awoyale     Ilorin     Yaru     Moji Makanjuola     CT Ayeni     Yusuf Amuda Abubakar     KFA     Olatunde Oyeyiola     Ophthalmological Society Of Nigeria     Yahaya Seriki     Oladipo Akanmu Tolani     Tanke Flyover Bridge     Folaranmi Aro     Sanusi Abubakar     Code Of Conduct Tribunal     Mufti Of Ilorin     Ohoro Of Shao     Abubakar B.M     Gabriel Fashanu     Isiaka Oniwa     Harmony Holdings     John Obuh     NURTW     Bank Of Industry     Edu     Funmilayo Oniwa     Samuel Olusegun Adedayo     Abdulhakeem Amao     Pakata     Lucky Omoluwa     Apaokagi     Abiodun Jacob Ajiboye     Oke Sunna     Shehu Alimi Foundation     Isin     Ibrahim Gambari     Suleiman Yahya Alapansapa     Muyiwa Oladipo Kanu     Adamu Attah     Kwara Teaching Service Commission     Dasuki Belgore     Salaudeen Oyewale     Baba-Isale     National Broadcasting Commission