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.

Oyedepo     Peculiar Allowance     Sambo Murtala     Salihu Yahaya     Oke-Oyi     Oju Ekun Sarumi     Garuba Alikinla Shittu     Lotus Bank     Oke-Odo     Marufat Oladosu     Abdulmumini Sanni Jawondo     Muhammadu Gobir     George Funsho Adebayo     Nagode     Khadijat Ayoola Yusuf     Fatai Adeniyi Garba     Neuropsychiatric Hospital     Jamiu Oyawoye     Donatus Ejidike     Saliu Ajia     Ibrahim Mashood     Asa     Muhammadu Buhari     Tunde Yusuf     Pilgrims Board     Cassava Growers\' Association     Baakini     Hussein Oloyede     Offa Poly     Asa LGEA School     Bamikole Omishore     Apado     Eleja Taiwo Banu     Falokun-Oja     Yusuf Ibitokun Sherifat     Babajide Ajayi     Yusuf A. Usman     Amasa     Bello John Olanrewaju     Idris Garba     Abdulrahman Abdulrazaq     Bolakale Kawu     Galland Marcias     Segun Abifarin     Kayode Ogunlowo     International Aviation College     Mustapha Akanbi     Yakubu Danladi     Firdaos Amasa     Rashidi Yekini     Wahab Agbaje     Dasuki Belgore     Apaola     Gobir     M.Y. Abdulrahaman     Kwara Primary Health Care Development Agency     Rasheed Jimoh     Tafida     Sa\'adatu Modibbo-Kawu     Tanke Road     Asiwaju Bola Tinubu     Kwara State Governor     Adijat Adebiyi     Kwara Polytechnic     FOMWAN     Yusuf Lanre Badmas     Baboko Primary School     Owo Arugbo     Ahmad Belgore     Tunde Kazeem     Saadu Alanamu     Sulyman Age AbdulKareem     Dauda Adeniran Adeshola     Rotimi Atere     Abdul-Rahoof Bello     Alfa Modibo Belgore     Saidu Kawu    

Cloud Tag: What's trending

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

Kwara Polytechnic     Convocation Ceremonies     College Of Health     Ibrahim Issa Jetti     Asa     Aisha Abodunrin Ibrahim     Danladi     SWAN     Mahee Abdulkadir     Isau     Kwara State Polytechnic     Shaaba Lafiagi     Bola Magaji     Ayinde Oki     Kamaldeen Gambari     Kazeem Gbolagade     Aliyu Muyideen     Okin Group     Bashir Omolaja Bolarinwa     Titus Suberu-Ajibola     Tescom.kwarastate.gov.ng     Apata Ajele Secondary School     Sardauna Of Ilorin     AbdulGaniyu Kareem     Joseph Yemi Ajayi     Ishaq Abdulkarim     AbdulKareem Yusuf Danhawa     Olukotun Of Ikotun     Sardauna     Kunbi Titiloye     Arandun     College Of Arabic And Islamic Legal Studies     National Association Of Nigerian Students     Sobi     AbdulGafar Tosho     Ayo Adeyemi     Joseph Daudu     Ahmad Belgore     Gwanara     Dunmade     Kupchi Hosea Maxwell     NAWOJ     Owu Fall     Lateef Fagbemi     Umar Yakubu Jaja     Saba Mamman Daniel     Sheikh Ariyibi     Christopher Ayeni     11th Galadima     Yomi Ogunsola     Olugbense     Ndakene     Volunteers Of Ilorin Community And The Emirate     Sabi     Lukman Oyebanji Fagbemi     Hassanat Bello     Abdulkareem Alabi     Funmi Salau     Adeola Abraham     Ojo Isekuse     Bayo Mohammed Onimode     Jaiz Bank     Olusola Saraki     Oke-Oyi     Maimunat Oniyangi     TIIDELab     Abubakar Atiku     Lawyers Unite Against Corruption     Abdulquowiyu Olododo     Yusuf Amuda Abubakar     Sheu Ndanusa Usman     Bashir Badawi     Olufolake Abdulrazaq     Abdulrauf Aliyu     Tsaragi/Share     Senior Staff Union Of Colleges Of Education     Abdulrahman Abdulrazak