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.

Junior Secondary School Certificate Examinations     Sa\'ad Alanamu     Adebayo Salami     Na\'Allah     Orire     Ilofa     Ben Duntoye     Overland     Kayode Oyin Zubair     KWAFFA     Lawal Olohungbebe     Muritala Olarewaju     Harrison Osauwagboe     Rasaq Jimoh     Nagode     Al-Ilory     Ahman Patigi     Bola Magaji     Mufutau Gbadamosi Esuwoye     Garuba Alikinla Shittu     Shuaib Olarongbe     Abdulwasiu Bolaji Adeyi     KWASAA     Mansurat Amuda-Kannike     AbdulRazaq Abubakar Jiddah     Folashade Omoniyi     Abdullahi Saadudeen Alikinla     International Vocational Centre     Alloy Chukwuemeka     Yusuf Ibitokun Sherifat     Olusegun Adeniyi     Peter Obi     Democracy Day     Code Of Conduct Bureau     Kayode Oyin-Zubair     Alimi     Kwara Teaching Service Commission     Mohammed Ghali Alaaya     Savannah Centre For Diplomacy, Democracy And Development     M.Y. Abdulrahaman     Timothy Olatunde Fadipe     Salman Jawondo     Medview Airlines     Offa Descendants Union     Lotus Bank     Raliat Islamic Foundation     Odogun Olushola Gabriel     Ope Saraki     Oloriegbe     Abdulrasheed Akogun     Apaokagi     Public Holiday     Alfa Modibo Belgore     Shaykh Luqman Jimoh     Gbemisola Saraki     University Road     Share/Tsaragi     Economic And Financial Crimes Commission     Olohungbebe     Ebun-Olu Adegboruwa     Mazars Consulting     Ojo Fadumila     Razak Atunwa     Eghe Igbinehi     HAMFAT Clinic And Maternity     Gbenga Adebayo     Code Of Conduct     Abdulrahman Onikijipa     Oniye     Abdulwahab Oba     Taofik Mustapha     Ado Bayero     Police Commissioner     Kunle Suleiman     Wahab Egbewole     Freshvine Nigeria Limited     Ayegbeni    

Cloud Tag: What's trending

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

Farouk Salim     Split Diamond Interchange     Otunba Taiwo Joseph     Javed Khan     Shero     Abdulraufu Mustapha     Ronke Adeyemi     Yusuf Lanre Badmas     Abdul Jimoh Mohammed     Ridwan Agboola     Park     Maigidasanma     Ahmed     Olajumoke Monsura Gafar     Olaitan Buraimoh     Face Masks     Khadijat Ayoola Yusuf     BIR     Arca Santa     NTA Ilorin     Solomon Edojah     Ekiti     Prince Sunday Fagbemi     KWASSIP     Razaq Ayobami Akanbi     Babatunde Idiagbon     Saka Aleshinloye     Ope Saraki     Abdulkadir Akanbi-Oke     Musbau A. Akanji     National Association Of Nigerian Students     Oro Grammar School     Idiagbon     Government High School (GHS), Adeta     Biliaminu Aliu     Halidu Danbaba     Saidu Kawu     Saadu Yusuf     NYSC     Student Learning Support Helpline     Aishat Sulu-Gambari     Kwara University Of Education     Quarry Royal Valley     Sherif Shagaya     Kamaldeen Ajibade     Afolasade Opeyemi Kemi     Bola Iyabo Ibiyeye Adisa     Oko     Basit Olatunji     Aisha Buhari     Solomon Edoja     Suleiman Ajadi     PharmAccess Foundation     Osuwa     Ishola Balogun Fulani     Rachael Obisesan     Amina El-Imam     Hamza Usman     Olayinka Jelili Yusuf     Muhammed Aliyu     Olokoba     High Court     Chemiroy Nigeria Limited     Tunde Oyawoye     Olota Of Odo-Owa     Oju Ekun Sarumi     Buhari     Sheikh Ridhwanullah El-ilory     Ike Ekweremadu     Olatunde Oyeyiola     Federal Road Maintenance Agency     Lanwa     NaAllah     Agor     Okiki     Senior Special Assistant On Student Affairs     Mohammed Saidu