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.

Halimat Yusuf     Hamidat Sulyman-Yusuf     Muhammadu Gobir     Abdulsalam Firdaous Amosa     Florence Saraki     REO CAKES     Dumagi     Lucky Omoluwa     CLAY POT     Turaki     Sa\'adu Salau     Ajibike Katibi     Yahaya Oloriegbe     Aasiyat Bello Oyedepo     Aisha Abodunrin Ibrahim     Ile Arugbo     Babatunde Ishola Babaita     Geri-Alimi Split Diamond Interchange     Abdulwahab Ololele     Odolaye Aremu     Lithium     Saad Omo Iya     Oba Abdulkadir La\'aro     Modibo Kawu     Saheed Akinwumi     Plat Technologies     Senate President     Muritala Awodun     Abdulmajeed Abdullahi     Haliru Dantoro     Razak Atunwa     Rasaq Jimoh     Oluwole Dupe     Muslim Cementary     Colleges Of Education Academic Staff Union     Frootify     Tafida Of Kaiama     Tanke     Oko Erin     Abdulrauf Yusuf     Bisi Kristien     Abdulganiyu AbdulAzeez     Maigida     Hassanat Bello     Kwara State Geographic Information Service     Arinola Lawal     Economic And Financial Crimes Commission     Bond     Sunday Popo-Ola     FOMWAN     Quareeb     Ridhwanullah Al-Ilory     C2c@kwarastate.gov.ng     JSSCE     Abdulfatai Ahmed     Dasuki Belgore     Elese Of Igbaja     Ohoro Of Shao     Ita-Nmo Market     Kayode Ogunlowo     Muideen Olaniyi Alalade     Amos Bajeh     Read With Me     Kulende     Adam Abdullahi Al-Ilory     KWTV     Sarkin Malamai     Principal Private Secretary     Lanwa     Minimum Wage     Umar Gunu     ER-KANG Mining Nigeria Company Limited     Binta Sulyman     Agboola Babatunde     Musibau Akanji     Diagnostic Centre     UTME    

Cloud Tag: What's trending

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

Yahaya Oloriegbe     Sola Saraki Educational Foundation     Titus Suberu-Ajibola     Tinubu     Omotosho     JAMB     Ilorin     Zara Umar     AbdulRauf Keji     Abdulrauf Yusuf     Wole Oke     Age AbdulKareem     Ajuloopin     Monthly Sanitation Exercise     Sambo Murtala     Bisi Oyeleke     Joseph Offorjama     Kwasu     Assayomo     Ibrahim Gambari     Mahmud Ayinla Giwa     Mopelola Abdulmaliq-Bashir     Ayinke Saka     Kunbi Titiloye     Park     Gamji Members Association     Umar Ayinla Saro     Aliyu Sabi     Ophthalmological Society Of Nigeria     Bolakale Kawu Agaka     Isau     Alimi Abdulrazaq     Ilorin Talaka Parapo     NNPP     Balogun-Ojomu     Ayeyemi Sulaiman     Bola Iyabo Ibiyeye Adisa     Joseph Alex Offorjama     Ibrahim Agboola Gambari     Michael Nzwekwe     Abdulkarim Adisa     JMK Construction Company Limited     Yusuf Babatunde Abdulwahab     Issa Memunat Moyosore     Arca Santa     Isiaka AbdulRazaq     Kupchi Hosea Maxwell     IYA ALFA NLA     Tafidan Kaiama     Yinka Aluko     PPS     Kaiama     Afonja Descendants Union     Yoonus Lawal     Lateef Alagbonsi     Medinat Folorunsho Salman     Umar Adelodun     Sunday Popo-Ola     Centre For Digital Economy     Otoge     Lithium     Mohammed Ghali Alaaya     CUTI     Taofeek Ibraheem     IHS Towers     Kwara Coalition Of Business And Professional Associations     Ibraheem Adeola Katibi     Oye Tinuoye     Post-utme     Omar Gambari     Illyasu Abdullahi     Abdulrahman Abdulrazaq     Abdulrahman Abdulrasak     Alloy Chukwuemeka     Zulkifli Ibraheem     2023 Elections     Segun Abifarin