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.

Ubandoma     Roseline Oni Aremu     Ahmed Alhasssan     Tsaragi-Share     Jumoke Monsura Gafar     Suleiman Idris     Laolu Saraki     Alagbado     Ayeyemi Sulaiman     Stephen Fasakin     Musa Aibinu     Haliru Dantoro     Iyiola Oyedepo     AbdulKareem Yusuf Danhawa     Mohammed Tunde-Jimoh     Onilorin Of Ilorin     Yemi Sanni     Suleiman Mora Omar     Umar Yakubu Jaja     Saba Mamman Daniel     Yetunde Balogun     Abdulrosheed Okiki     Ella Supreme Tissue Paper     Countryside Emerging Leaders Fellowship     IF-K     Yusuf A. Usman     Baba Idris     Awoye     Salami Adekunle     Federal College Of Education (Special), Afon     Colleges Of Education Academic Staff Union     Sango-UITH Road     Olusola Saraki     Kazeem Oladepo     Moshood Bakare     Olokoba Sulyman     Orire     Shuaib Olarongbe     Kwara State Pension Board     Modibbo Kawu     Joseph Offorjama     Sulyman Atolagbe Alege     Ayotunde Emmanuel Alao     Jimoh Saadudeen Muhammed     Kwara State Television (KWTV)     Adegoke Bamidele     Kola Shittu     Ibrahim Mohammed     Sulyman Tejidini     Abiodun Musa Aibinu     Joseph Daudu     Salihu S. Yaru     Oke-Oyi     Okin Biscuits     Alimi Abdulrazaq     Ibrahim Kayode Adeyemi     Olatunde Michaels     Sadiq Umar     Ajayi Okasanmi     Aro Yahaya     Saadu Gbogbo Iwe     Tricycle Owners Association Of Nigeria     Saka Saadu     Abdulrazak Shehu Akorede     Wahab Issa     Abdulmumin Yinka Ajia     Hameed Oladipupo Ali     Ayo Opadokun     Ekweremadu     Salmon Babatunde Salmon     Bayo Ojo     Mashood Dauda     Pius Abioje     Saka Balikis Kehinde     Alliance For Democracy     Peter Amogbonjaye     Hydroelectric Power Producing Areas Development Commission    

Cloud Tag: What's trending

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

Ali Ahmad     Wasiu Odewale     Yaman     Sidikat Alaya     Temitope Ogunbanke     Surajudeen Akanbi     Babs Iwarere     Ilorin Emirate     Shuaibu Yaman     Kaosarah Adeyi     Onilorin     Owo Arugbo     JMK Construction Company Limited     Mujtabah Bature     Saba Jibril     Opaleke Bukola Iyabo     Kwara United     Mohammed Danjuma     Cornelius Adebayo     Oba Abdulrahim     Women For Change And Development Initiative     Abdulmumini Sanni Jawondo     ARMTI     Share     Eleyele     Olatunde Jare     Musbau A. Akanji     Adebayo Salami     SSUCOEN     Nnazua     Taofik Abiodun Ahmed     Fatimoh Lawal     Olatunji Abdulmumeen     Ambassador Kayode Laro     Sa\'adu Gambari     Suleman Abubakar     Abubakar Ndakene     Simeon Sayomi     Sarah Jubril     Alapado     Ibrahim Issa Jetti     Musa Ayinla Yeketi     Aisha Gobir     Abdulwahab Oba     Tinubu Legacy Forum     Emir Of Yashikira     David Adesina     Societe Generale Bank Of Nigeria     Garuba Alikinla Shittu     Tunde Mukaila Mustapha     Okanlawon Musa     Razaq Ayobami Akanbi     COVID-19 Palliatives     Kwasu     Kwara 2019     Ekweremadu     Maigida Soludero Transit     Folajimi Aleshinloye     ASKOMP     Ebun-Olu Adegboruwa     Dumagi     Zara Umar     Shuaib Abdulkadir     Durbar Festival     Abiodun Abdulkareem     Olaiya Victor Mobolaji     NIPR     Kwara State Football Association     Salman Jawondo     MATTA Girls Foundation     LABTOP     AIT Ilorin     Adam Abdullahi Al-Ilory     ER-KANG Mining     Senior Ibrahim Suleiman     Azeez Salawu     Seni Saraki