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.

Abdulmutalib Shittu     Sunset Workers     Okin Biscuit     Khadijat Ayoola Yusuf     Kwara State Coalition Of Business And Professional Associations     Saeedat Aliyu     Abdulraufu Mustapha     Aliyu Alhassan     Ahmed Bayero     Unilorin     Aliyu Sabi     Durbar Festival     Kazeem Gbolagade     Justina Oha     Omu-aran     Abdullahi Imam Abdullahi     University Road     BECE     Abdullahi Dasilva Yussuf     Centre For Peace And Strategic Studies     Michael Imoudu National Institute For Labour Studies     John Kehinde Salako     Alimi     Moremi High School     Muhammed Mahe Abdulkadir     Amasa     Muslim Media Watch Group Of Nigeria     Mansurat Amuda-Kannike     Charles Ibitoye     Bayo Lawal     Musibau Akanji     Harmony Holdings     Aliyu Kora-Sabi     Ijagbo     Ilesha-Gwanara     Abdulganiyu AbdulAzeez     Alliance For Democracy     Valsolar     Osi     Abdulmajeed Wahab     Just Event Online     Okin Biscuits     Ndakene     AbdulQowiy Olododo     United Nigeria Congress Party     Balogin Alanamu     Abdulraheem Yusuf     Lateef Fagbemi     Lithium Deposit     Yakub Lai Gobir     Kunle Suleiman     Firdaos Amasa     Oba Abdulraheem     Mujtabah Bature     Gobirawa     MAI Akande     International Public Sector Accounting Standards     AbdulRasaq Abdulmajeed Alaro     Tosho Yaqub     Isiaka Alikinla     International Vocational Centre     Moses Afolayan     Wahab Olasupo Egbewole     Olupako Of Share     Akeem Lawal     Jimoh Saadudeen Muhammed     Convocation Ceremonies     Ophthalmological Society Of Nigeria     National Party Of Nigeria     Segun Abifarin     Nigerian Medical Association     Abdulganiyu Oladosu     Mohammed Khadijat Kubura     Iyabo Dupe Adekeye     Kola Adesina     Local Government Pension Board     Labour Party    

Cloud Tag: What's trending

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

Kwara 2015     Atunwa     Saad Omo\'ya     Lanre Issa-Onilu     Akorede     Oniwasi Agbaye     Jani Ibrahim     Harrison Osauwagboe     Oba David Oyerinola Adedunmoye     Wahab Kunle Shittu     Kayode Ishola     Arinola Lawal     Maigida     Ayobami Akanbi     Temi Kolawole     Kwara State Internal Revenue Service     Jamiu Oyawoye     Gbajabiamila     Simeon Ajibola     Abdulkareem Alabi     John Olajide Adedipe     Binta Abubakar-Mora     Olufolake Abdulrazaq     Shagari     Ibrahim Agboola Gambari     Tunji Arosanyin     Laboratory-to-Product     Mohammed Yahaya Barki     Al-Ilory     Jimoh Olusola Imam     Jare Olatundun     Michael Ologundea     Gbemisola Saraki     Olaiya Zuberu     Abdulquowiyu Olododo     Grillo     Ilorin Innovation Hub     Sobi FM     Hassan Saliu     Umaru Saro     Kayode Alabi     Suleiman Yahya Alapansapa     Rafiu Ajakaye     Elese Of Igbaja     Joseph Yemi Ajayi     Centre For Digital Economy     Abdullahi Adisa Akodudu     Rice Farmers Association Of Nigeria     Suleiman Idris     Muhammed Aliyu     Jawondo     Yoonus Kola Olatinwo     Jimba Babatunde     Hakeem Lawal     Baba Adini Of Kwara State     Abubakar Bature Sulu-Gambari     Doyin Group     Saliu Ajibola Ajia     Oja-Oba     Lawal Arinola Kudirat     Bamidele Adegoke     Solomon Edojah     Hassan Taiye Salam     Quran     Ilorin Water Reticulation     Garba Dogo     Jimoh Saadudeen Muhammed     Abdullah Janet Amudat     Admiralty Villa     Ademola Kiyesola     Mohammed Halidu     Kwara Basketball Association     Afolasade Opeyemi Kemi     Sardauna Of Ilorin     Monthly Sanitation     Umar Yakubu Jaja     Olatunji Moronfoye