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.

Kwara Politics     Umar Yakubu Jaja     Jide Oyinloye     Bello Bature     Irepodun     Oyeyemi Olasumbo Florence     Victor Gbenga Yusuf     Akume     Oluwatoyin Lukman     Ilorin Emirate Staff Association     Amosa     Ifelodun     IYA YUSUF     Gobirawa     Maja     Kwara Volleyball Association     Olaosebikan     Esinrogunjo     Oloye     Adaramaja     Ishola Balogun Fulani     Aminu Adisa Logun     Lai Mohammed     Ayobola Ipinlaiye     Ahmed Shuaib Buranga     Ibrahim Sulu Gambari     Kpotum Mohammed Baba     Mashood Abdulrafiu Agboola     Alaaya     Eleja     Na\'Allah     Kwabes     Muritala Awodun     Junior Secondary School Certificate Examinations     Sadiq Umar     Elesie Of Esie     Atiku Abubakar     Ajibola Saliu Ajia     Alabe     Bayer Nigeria Limited     Jalala     Hassan Abdulazeez Elewu     Ibrahim Orire     Sheu Ndanusa Usman     Peculiar Allowance     Sheikh Hamzat Yusuf Ariyibi     Igbaja     Al-Adaby     Plat Technologies Limited     Afin Descendants Union Of Odo-Owa     Sarah Jubril     First Lady     David Oyedepo     Gbugbu International Market     Nigeria Association Of Women Journalists     Shettima     Ella Supreme Tissue Paper     Logun     Maryam A. Garuba     Elerinjare     Lanre Issa-Onilu     Ibrahim Abdulqadir Abikan     Abdulfatai Baakini     Tayo Alao     Iyabo Adewuyi     Bond     Ishaq Oloyede     Share-Tsaragi     Ilorin Durbar     Share/Tsaragi     All Confederation Of Principals Of Secondary Schools     KWAFFA     Joseph Daudu     Jumoke Monsura Gafar     Christopher Ayeni     Olabimpe Olani     Magaji Erubu    

Cloud Tag: What's trending

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

The Herald     Bola Iyabo Ibiyeye Adisa     Sabi     Idris Amosa Saidu     Micheal Imoudu     Moshood Bakare     Ahman Pategi University     Onilupeju Of Ilupeju     Vishvas KOZ Tractors     Bamidele Aluko     Minister     Daud Adeshola     Muslim Stakeholders Of Kwara State     Oba Abdulraheem     Abubakar Ndakene     Olufolake Abdulrazaq     Kwara State Internal Revenue Service     Adebayo Mohammed Kamaldeen     Lithium Deposit     Kwara State Coalition Of Business And Professional Associations     Oladimeji Thompson     Col. Adedipe     KWACOBPA     Mahe Abdulkadir     Umar Bayo Abdulwahab     Plat Technologies     Students Union Government     Shaykh Luqman Jimoh     Age AbdulKareem     Saliu Oluwole     IYA ALFA NLA     Tafida Of Kaiama     Ubandawaki     Emmanuel Bello     Lai Gobir     Ayoade Akinnibosun     Yashikira     Ilesha-Gwanara     Olomu Of Omu-Aran     Michael Nzekwe     Abiodun Oyedepo     Photo News     Funke Adedoyin     Buhari     Esinrogunjo     Suleiman Ajadi     Saeedat Aliyu     Matthew Okedare     Gani Saadu     Yusuf Lawal     Hassan Taiye Salam     Kwara State Fire Service     Societe Generale Bank Of Nigeria     Owode Market     Abdul Jimoh Mohammed     Yahaya Oloriegbe     Kayode Bankole     Adeleke Ogungbe     Ogidi-Oloje     Akeem Lawal     Is\'haq Modibbo Kawu     Shuaib Jawondo     MMWG     Lanwa     Dasuki Belgore     PPS     Bayo Lawal     Cornelius Adebayo     Justina Oha     CUTI     Ganmo     Kale Ayo     Gaa Olobi     Na\'Allah     Ayinde Oyepitan     Road Transport Employers Association Of Nigeria     Oluronke Adeyemi