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.

Abubakar Lah     Yusuf Abubakar     Ojo Isekuse     Idris Amosa Saidu     Sola Saraki Educational Foundation     Iponrin     ITP     Okanlawon Taiwo     Kwara Politics     KWSUED     Offa Metropolitan Club     Abubakar Baba Sulaiman     Manzuma     Sodiya     Egbejila     Muhammadu Gobir     Otuka     Eleja Taiwo Banu     Igbomina     Adeleke Ogungbe     Www.Kwarareports.com     Ajakaye     Isaac Gbenle     Ilesha Gwanara Road     Amusa Bello     Omoniyi     John Obuh     Kwara Consultative Forum     Magaji Erubu     T And K FOODS     Ilorin Emirate Staff Association     Haliru Yahaya     KW-GIS     Share     Bamidele Aluko     Sabi     Musa Yeketi     Wahab Egbewole     Mohammed Lawal Bagega     Ebun-Olu Adegboruwa     Press Release     AbdulRauf Keji     Abdulrauf Yusuf     Suleiman Ajadi     Oye Tinuoye     Federal Road Maintenance Agency     Valsolar Consortium     Babatunde Idiagbon     Sheriff Shagaya     Erin-ile     Ganmo     Ahmad Ali     Bola Tinubu     Omotoso Musa     Abdulrazaq Akorede     Hydroelectric Power Producing Areas Development Commission     Siddiq Adebayo Idowu Salawu     Okin Biscuits     Okedare     Abdulrazaq Aiyelabegan     UNILORIN Alumni     Garba Ayodele Wahab     Yahaya Seriki     Fatai Adeniyi Garba     Harrison Osauwagboe     Modibo Kawu     Edret Sabi Abel     Omu-aran     Maigidasanma     Ahmed Mohammed Rifun     Adesoye     Lanwa     Irepodun     Shade Omoniyi     Bamidele Adegoke     Abdulwahab Ololele     Bibire Ajape    

Cloud Tag: What's trending

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

Jalala     Isiaka Oniwa     Toun Okewale-Sonaiya     IQRA College     March 18     Wahab Agbaje     Tunde Kazeem     Bolaji Abdullahi     Salihu Ajibola Ajia     Pius Abioje     Abatemi-Usman     Ibrahim Abduquadri Abikan     Abdulraheem Yusuf     Shola Odetundun     Nigerian Correctional Service     Shoprite     Agor Market     Isa Aremu     Ishola Balogun Fulani     Labour Party     Umar Bayo Abdulwahab     Sheikh Alimi     Yusuf Lawal     Facebook     Ayo Salami     Farouk Salim     Cornelius Adebayo     UITH     Oba David Oyerinola Adedunmoye     Aminat Omodara     Matthew Babaoye     Rotimi Atere     SGBN     Moses Afolayan     Nigerian Medical Association     BIR     Gani Saadu     Abubakar B.M     Galadima     ER-KANG Mining Nigeria Company Limited     Yusuf Abdulwahab     Firdaos Amasa     Afolasade Opeyemi Kemi     Balogun Fulani     Salihu Yahaya     Read With Me     Special Agro-Industrial Hub     Abdulraheem Olesin     Aliyu U. Tilde     Adamu Atta     Bankole Omisore     Bureau Of Lands     Sunday Popo-Ola     Ilorin Central Mosque     Kwarareports     Gbugbu International Market     Yunus Oniboki     School Of Nursing     Tunji Oyawoye     Yusuf AbdulRasheed     Ibikunle Ogunleye     Danhawa     Dar-Al-Handasah Consultants Ltd     Transition Implementation Committee     Federal Polytechnic Offa     Garuba Alikinla Shittu     Village Alive Development Association     Saka Isau     Law School Scholarship     Obuh     Mohammed Tunde-Jimoh     Ayobami Akanbi     Lafia Aliyu Korasabi     Rasheed Jimoh     Mohammed Alabi Lawal     Oba Of Jebba     Amoyo