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.

Hassan Oyeleke     Junior Secondary School Certificate Examinations     C2c@kwarastate.gov.ng     Lukman Adeloyin     Ayo Salami     Kwara Hotel     Maigida Soludero Transit     Okasanmi Ajayi     EndSARS     Isiaka Abdulrazak     Katibi Ibraheem Adeola     Doyin Group     Rabiu Kwankwaso     Adegoke Bamidele     Ibrahim Jawondo     Temi Kolawole     Bilikisu Gambari     Yakubu Danladi     Taiwo Joseph     Idris Amosa Oladipo Saidu     Ijagbo Health Centre     Gwanara     Muhammadu Buhari     Amos Bajeh     Clara Nwachukwu     Pacify Labs     Kwara Pdp     Olusegun Adeniyi     NNPP     Amina El-Imam     Lawal Jimoh     Okin Malt     Crystal Corner Shops     Salihu Jibril Garbi     Suwa-Arabs     Prince Bola Ajibola     Olohungbebe     Young Progressives Party     Modupe Oluwole     Offa Metropolitan Club     Omar Bolaji Gambari     Idris Garuba     Alaro     Fatai Adeniyi Garba     Eleja Taiwo Banu     Amos Sayo     Abatemi Usman     Aisha Ahman-Pategi     Oko-Erin     Volunteers Of Ilorin Community And The Emirate     Amule Elementary School     Tanke Road     Bayo Lawal     Boko Haram     Abubakar Abdullahi Bata     Oyeyemi Olasumbo Florence     Olabode Towoju     Timothy Olatunde Fadipe     Amasa     Orisa Bridge     PPS     Kayode Bankole     Dan Iya Of Ilorin     Seed Technologies     Just Law Forum     Seun Bolaji     CCT     Senate     Ayinde Oyepitan     Erubu     Saadatu Modibbo-Kawu     Umaru Saro     Elese Of Igbaja     IDPU     Oluwatoyin Lukman     Agboola Babatunde     Elerin Of Erin-Ile    

Cloud Tag: What's trending

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

Jide Oyinloye     M.Y. Abdulrahaman     Ayo Opadokun     Olosi Of Osi     Yekini Adio     Abdul-Rahoof Bello     Isiaq Khadeejah     Ope Saraki     Sobi Hill     Isiaka Yusuf     Seun Bolaji     Democracy Day     Adekunle David Dunmade     Trader Moni     Emir Of Kano     Sun Qing Rong     Muritala Olarewaju     Abdulwahab Ololele     Baakini     Ibrahim Jawondo     Sarafadeen Kayode Akorede     Crystal Corner Shops     Magaji Nda     Medview Airlines     Ayo Salami     Afonja     Valsolar-Kwara Company Limited     Umar Ayinla Saro     Ibrahim Oniye     Opaleke Bukola Iyabo     Coalition Of Kwara North Groups     Taofik Mustapha     Special Agro-industrial Processing Zone     Simon Sayomi     Ajakaye     Abdulazeez Arowona     Fola Consultant     Seni Saraki     Ilorin South Constituency     Osuwa     Oya State     Quran     Budo-Egba     Abdullahi Imam Abdullahi     General Hospital, Ilorin     Aliyu Muhammed     Kale Belgore     Abdullahi Dasilva Yussuf     Salami Adekunle     Sheu Ndanusa Usman     Maryam A. Garuba     Salman Jawondo     Jaiz Bank     Valsolar Consortium     Elekoyangan     Hussein Olokooba     Shuaibu Yaman Abdullahi     Yusuf Amuda Aluko     All Confederation Of Principals Of Secondary Schools     Samuel Adedoyin     Asa LGEA School     Monthly Sanitation     Nigeria Governors\' Forum     TETFUND     Press Release     Mahee Abdulkadir     High Court     Yahaya Abdulkareem     Olushola Saraki     Yusuf Abdulkadir     Sulyman Abdulkareem     Oye Tinuoye     Peculiar Allowance     Bureau Of Lands     Local Government Pension Board     Ramat Oganija     Muyiwa Oladipo Kanu