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.

M.Y. Abdulrahaman     Shoprite     Ijagbo Health Centre     Ahmad Olanrewaju Belgore     Rafiu Olasile     Akeem Lawal     Ademola Kiyesola     Fatimah Abdulkadir     Oro Grammar School Old Students Association     Amusement Park     NNPP     Abdulrahman Onikijipa     Razak Atunwa     Ibrahim Taiwo Road     Yaru     Sulyman Buhari     Sulyman Tejidini     Suraj Tunji Oyewale     Vasolar Consultoria     David Oyerinola Adedunmoye     Iyabo Adisa Ibiyeye     Abdulhakeem Amao     Maigida Soludero Transit     Oyeyemi Olasumbo Florence     Dar-Al-Handasah Consultants Ltd     Toyosi Thomas     Ganmo Power Sub-Station     Imodoye Writer’s Enclave     Ahmad Belgore     Sheriff Olanrewaju     Abubakar Bature Sulu-Gambari     Olatunde Olukoya     Erubu     Olofa Of Offa     Madawaki     Joseph Offorjama     Kayode Ishola     Bello Taoheed Abubakar     Onikijipa     Babaloja-General     Sango-UITH Road     Olateju Lukman     Harrison Osauwagboe     UITH     Saka Asiat Ayinke     Yomi Ogunsola     Hydroelectric Power Producing Areas Development Commission     Ilorin Innovation Hub     Umar Adelodun     Aliyu Alhassan     Musibau Akanji     Yahaya Muhammad     Abdulahi Abubakar Bata     Veterinary Teaching Hospital     Igbaja     Okin Biscuits     Sarkin Malamai     Olayinka Oladapo Jogunola     Kayode Oyin Zubair     Balikis Jawondo     Sola Saraki University     IHS Towers     Salihu Jibril Garbi     Olabode Towoju     Fatimoh Lawal     Adijat Adebiyi     Alimi Abdulrazaq     Oke-opin     Mohammed Yahaya Barki     Junior Secondary School Certificate Examinations     Valsolar-Kwara Company Limited     Kwarareports     Mohammed Lawal     Yusuf Lawal     Kwara State Internal Revenue Service     Rex Olawoye     Towoju    

Cloud Tag: What's trending

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

Dar-Al-Handasah Consultants Ltd     COEASU     Lithium     Kazeem Oladepo     AbdulFatai Adeniyi Dan-Kazeem     MATTA Girls Foundation     Dasuki Belgore     Park     Wahab Isa     Daud Adeshola     Asa     Kwara State Branch Of The National Library     Alabi Olayemi Abdulrazak     Col. Ibrahim Taiwo     Sayomi     Ilorin Talaka Parapo     Sango-UITH Road     Timothy Olatunde Fadipe     Dele Belgore     New Model Police Station     Sidikat Alaya     Bamikole Omishore     Usman Alkali Baba     Isiaka Alikinla     Oko-Erin     Bolaji Aladie     John Obuh     Royal FM     Savannah Centre For Diplomacy, Democracy And Development     Alaiye     Lasiele Alabi Yahaya     Bello John Olanrewaju     Abdul Jimoh Mohammed     United Nigeria Airline     Afolasade Opeyemi Kemi     Sherif Shagaya     Okin Biscuits     Funmilayo Mohammed     General Hospital, Offa     Hamza Usman     Sanitation Exercise     Kwara Poly     Majlis For Sadaqah, Zakat And Waqf     Abdulganiyu Salahudeen     Shururat Olatinwo     Folorunsho Erubu     Paul Odama     Yusuf Abdulraheem     Suleiman Rotimi Iliasu     Jare Olatundun     Surajudeen Akanbi     Amada Jidda     Mahfouz Adedimeji     Abdullahi G. Mohammad     Tunde Yusuf     AbdulRazaq Jiddah     Oniyangi     Aliyu Muhammad Saifudeen     Ilorin East/South Federal Constituency     Kisira     Mohammed Katsina Ahmed     Odogun Olushola Gabriel     Mashood Dauda     Bureau Of Lands     Sadiq Umar     NURTW     Shehu Alimi Foundation     Ayinde Oki     David Adesina     TIIDELab     CLAY POT     Noah Yusuf     Sobi     Elerin Of Adanla     Alabere     Gambari     2023 Elections