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.

Adesina Simon Sodiya     Agboola Babatunde     Kwara Restoration Project     Abdulrosheed Okiki     Kwara Central     Osi     Folorunsho Erubu     IPSAS     Abdulkadir Remi Hawawu     Adamu Atta     Lawal Jimoh     Olatunji Moronfoye     Adegoke Bamidele     Offa     Dasuki Belgore     Mohammed Abduraheem     KSIRS     Agor     Kemi Adeosun     Share-Tsaragi     Okin Biscuits     Emir Of Ilorin     Post Utme     Shuaib Boni Aliyu     Oloye     Junior Secondary School Certificate Examinations     Saka Balikis Kehinde     National Party Of Nigeria     CKNG     Ike Ekweremadu     Olabode Towoju     Kayode Ibrahim     Pategi     Simeon Sule Ajibola     Kumbi Titiloye     Hydro-electric Power Producing Areas Development Commission     Joseph Daudu     Yusuf Lanre Badmus     Issa Baba     Rafiu Ibrahim     Ilesha-Baruba-Gwanara     Third Estate     Gabriel Fashanu     Biliaminu Aliu     Abdulrazaq Solihudeen     Fatai Garuba Labaka     Taofeek Sanusi     Olatunji Ayeni     Ejidongari     Ahmed Shuaib Buranga     Modupe Oluwole     Ahmad Lawan     Rihanat Ajia     KFA     Raliat AbdulRazaq     Olatunde Oyeyiola     Sardauna     Ilorin.Info     Jide Oyinloye     Presidential Election     Oko     Temi Kolawole     Olanrewju Okanlawon Musa     Ali Ahmad     Alabe     Lai Gobir     International Vocational Centre     Taibat Ayinke Ahmed     Aishat Sulu-Gambari     Sam Onile     Moses Rahman Popoola     Adesoye     Risikat Lawal     Ahmed     Adeleke Ogungbe     Kwasu     Dauda Adesola    

Cloud Tag: What's trending

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

Egbewole     Yomi Adeboye     SGBN     Saka Isau     Abubakar Baba Sulaiman     Yetunde Balogun     Joseph Offorjama     Shettima     Nigeria Foundation For Artificial Intelligence     Kwara Teaching Service Commission     Razaq Ayobami Akanbi     Veterinary Teaching Hospital     Olaiya Victor Mobolaji     Yoruba     David Adesina     Akorede     Valsolar Consortium     Sobi Specialist Hospital     Minimum Wage     Cassava Growers\' Association     Laboratory-to-Product     Abdullahi Biffo     Alapansapa     Awwal Jawondo     Aisha Gobir     Fatai Olodo     Ogbondoroko     Lawyers Unite Against Corruption     Woro     Ajakaye     Ronke Adeyemi     Onilorin     Michael Nzekwe     Fatimat Saliu     Shola Odetundun     Ajia-Bako     Oloruntoyosi Thomas     Jaigbade Alao     Oyelere Oyinloye     Olaiya Lawal     Alaro     Funmilayo Oniwa     IPSAS     Mufutau Gbadamosi Esuwoye     Eruku     KWASAA     Saduki Lafiagi     Ilorin Talaka Parapo     Jani Ibrahim     HAMFAT Clinic And Maternity     Maimunat Oloriegbe     Sheikh Ariyibi     Abdulrasheed Lafia     Presidential Election     Seed Technologies     Moremi High School     Olushola Saraki     Binta Sulyman     Samuel Elizabeth Keatswa     Sulu Babaita Isiaka     Okeose Christian Cementary     Ganiyu Taofiq     Abdulsalam Firdaous Amosa     Jimoh Lambe Abdulkareem     Salihu Ajia     Omu Aran     New Naira Notes     General Hospital, Offa     Kwarareports     United Nigeria Congress Party     Ibrahim Oniye     Emir Of Shonga     Deji Ajani     Okanlawon Taiwo     Ilorin Innovation Hub     Tafida     Centre For Community Empowerment And Poverty Eradication