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.

Michael Ologundea     Olateju Lukman     Makama     Samari     Yahaya Oloriegbe     Mike Omotosho     Ajuloopin     Aliyu Kora Sabi     Ibrahim Taiwo Road     Olaiya Victor Mobolaji     Kamaldeen Gambari     Hakeem Idris     Khairat Gwadabe     Olatunji Ibrahim     Jawondo     Sardauna Of Ilorin     Ademola Kiyesola     Mahfouz Adedimeji     Alao Ayotunde     Nurudeen Mohammed     Kayode Laro     Olayinka Oladapo Jogunola     Kawu     Temi Kolawole     Edret Sabi Abel     Wahab Agbaje     Aminu Ado Bayero     Tunji Ajanaku     Otoge     AbdulGafar Tosho     Elerinjare     Mustapha Olanipekun     Sheikh Ridhwanullah El-ilory     Fatai Adeniyi Garba     Babatunde Ajeigbe     Ita-Ore     Academic Staff Union Of Universities     Omoniyi     Suraj Tunji Oyewale     Habeeb Abdullahi Al-Ilory     Mohammed Danjuma     Maja     Saidu Yaro Musa     Oyawoye     Gaa Olobi     Tunji Olawuyi     Tinubu     Laolu Saraki     Okanlawon Musa     Amos Sayo     Simeon Sule Ajibola     Yusuf Lawal     Christian Association Of Nigeria     State Bureau Of Internal Revenue     Aliyu Kora-Sabi     Mohammed Jimoh Faworaja     NNPP     Ilota     Kwara State Health Insurance Agency     Isiaka Yusuf     General Hospital, Offa     Cornelius Adebayo     Yusuf Zulu-Gambari     David Oyerinola Adedunmoye     Adamu Atta     Okiki     Ayo Salami     Imam Gambari     Iyabo Adisa Ibiyeye     Taofeeq Olateju     Salake     Ilofa     Apaola     T And K FOODS     Tunde Oyawoye     Ahman Pategi University     Sulu Babaita Isiaka    

Cloud Tag: What's trending

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

Dele Momodu     Ayeyemi Sulaiman     Road Transport Employers Association Of Nigeria     Shonga     Wale Oladepo     Ibrahim Mashood     CKNG     Akanbi-Oke     Adamu B. Yaqubu     Bayo Mohammed Onimode     AGM Professional Services     Ahmed     Muslim Cementary     Saka Adeyemo     Tunji Moronfoye     Timothy Olatunde Fadipe     Olofa Of Offa     Labaeka     Gobirawa     Ibrahim Abdulkadir Abikan     Busari Toyin Isiaka     Alliance For Democracy     Abdullateef Abdussalam     Oyun     Lola Olabayo     College Of Education     Sulyman Atolagbe Alege     Abdullahi AbdulMajeed     2023 Elections     Sabi     Valsolar-Kwara Company Limited     Muhammed Danjuma     Ayodele Shittu     Apado     Abraysports FC     Saka Isau     Salami Adekunle     Oba-Solagberu     Olusin Of Ijara Isin     Modibbo Kawu     Akom Construction And Engineering Synergy Ltd     Okin Malt     GANZY     Olaoye B. Felix     Taibat Ayinke Ahmed     Maigida Soludero Transit     Radio Kwara     Garba Dogo     Abdulhakeem Amao     Abdulganiyu Oladosu     Shuaibu Yaman     Ilorin Emirate     Government Girls’ Day Secondary School Pakata     Gbenga Awoyale     REO CAKES     Oro Grammar School     Ladi Hassan     Tunde Oyawoye     Pategi     Chemiroy Nigeria Limited     Durbar     Saba Mamman Daniel     Ifelodun     Kaosarah Adeyi     Tanke Road     Samuel Olusegun Adedayo     LABTOP     Kola Bukoye     Okeose Christian Cementary     Kwha.gov.ng     Kwara State Governor     Buari Edun     Raji AbdulRasaq     Asa     Quarry Royal Valley     Odolaye Aremu     Amosa