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.

Al-Hikmah University     Kayode Zubair     Olatunji Abdulmumeen     Coalition Of Kwara North Groups     Makama Of Ilorin     Kamaldeen Ajibade     Split Diamond Interchange     AIT Ilorin     Ibrahim Taiwo     Balogun Gambari     Ilorin Curfew     Ekweremadu     Funke Adedoyin     Abubakar Atiku     Iyabo Adisa Ibiyeye     Ishaq Oloyede     Adamu Jemilat-Baki     Dorcas Afeniforo     Segun Abifarin     Joana Nnazua Kolo     Adamu Attah     Moses Salami     Mashood Abdulrafiu Agboola     Awwal Jawondo     Ballah     Ibikunle Ogunleye     Valsolar     Nurudeen Mohammed     Tinubu     Facebook     Afonja     Aliyu Sabi     Bola Sagaya     Agboola Babatunde     Bukola Ajikobi     Ayodele Shittu     AbdulQowiy Olododo     Saka Aleshinloye     CT Ayeni     Abdulkadir Bolakale Sakariyah     Henry Makinwa     Sheu Ndanusa Usman     Sidikat Alaya     Adedeji Onimago     Kwara Teaching Service Commission     Kehinde Boyede     Esuwoye     Hussein Olokooba     Mohammed Khadijat Kubura     Yoruba     CACOVID Palliatives     Mujtabah Bature     Goodluck Jonathan     AbdulHamid Adi     Monthly Sanitation Exercise     Saliu Tunde Bello     Timothy Akangbe     Sadiq Buhari     Muhammad Sirajo Aliyu     Saduki Lafiagi     AbdulRazaq AbduMajeed Alaro     Adanla-Irese     Folorunsho Erubu     Amina El-Imam     Shuaib Jawondo     Haliru Yahaya     Sunday Fagbemi     Taofeek Ibraheem     Gafaru Olayiwola Olorisade     Oba Abdulkadir La\'aro     Ita-Nmo Market     Olomu     Bolakale Kawu     National Association Of Nigerian Students     SWAN     Abdulraufu Mustapha     Roseline Oni Aremu    

Cloud Tag: What's trending

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

Vasolar Consultoria     Jawondo     Abdulraheem Olesin     Abdulganiyu Oladosu     Abdulrazaq Magaji     Yekini Adio     Sidikat Alaya     Mashood Dauda     Saka Abimbola Isau     Muyiwa Oladipo Kanu     Ayinde Oki     First Lady     Mohammed Katsina Ahmed     Gbenga Olawepo     Kwara 2023     Ahmed Saidu Rufai     Ahmed Bayero     Tsado Manman     Samuel Elizabeth Keatswa     COVID-19 Palliatives     Abiodun Oyedepo     NNPP     Aisha Buhari     Yusuf Abubakar     NAWOJ     Abubakar Lah     Javed Khan     Alimi Abdulrazaq     EFCC     Abubakar Baba     Galland Marcias     David Adesina     Iyabo Adisa Ibiyeye     Bareke     Sarafadeen Kayode Akorede     Atunwa     Balogun Fulani     Code Of Conduct Bureau     Suleiman Alege Kuranga     Omoniyi M. Ayinla     Aliyu Olatunji Ajanaku     Ronke Adeyemi     Mufutau Olatinwo     Saraki     Folajimi Aleshinloye     Mamman Saba Jibril     Nupe     Musibau Akanji     Shuaib Abdulkadir     Folaranmi Aro     Shagari     Yusuf Aiyedun     Saliu Shola Taofeek     Isapa     High Court     Haliru Yahaya     AbdulQowiy Olododo     IDPU     Yomi Adeboye     Jide Oyinloye     Ayo Opadokun     Simeon Ajibola     Ibrahim Agboola Gambari     Baba Idris     Lai Mohammed     TIC     IHS     Ijagbo     Abdulwahab Ololele     Kola Ologbondiyan     Omar Gambari     Bello John Olanrewaju     Shonga     Alfa Modibo Belgore     Isiaka Abdulrazak     Umar Gunu     KWATMA