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.

Kayode Laro     Amuda Aluko     Wasiu Onidugbe     Kayode Ishola     Labaeka     Ilesha-Gwanara     2017 Budget     Kawu Baraje     Ajeigbe     Garuba Alikinla Shittu     Ishola Abdullahi     AbdulFatai Adeniyi Dan-Kazeem     Abdulkadri Ahmad Alaiye     Special Agro-industrial Processing Zone     Abdulrazaq Solihudeen     Olubukola Kifayat Adedeji     Rice Farmers Association Of Nigeria     NAWOJ     Raliat Islamic Foundation     Oju Ekun Sarumi     Afolayan     Sola Saraki University     Marufat Oladosu     Hassan Taiye Salam     Baboko Primary School     Ado Ibrahim     Pakata Patriots     KWSUED     Abdulganiyu Oladosu     CCB     ER-KANG Mining Nigeria Company Limited     Olaiya Victor Mobolaji     Seni Saraki     Femi Ogunsola     Overland     Alao Ayotunde     Kwara State Printing And Publishing Corporation     Usman Alkali Baba     Olufolake Abdulrazaq     Mashood Dauda     International Aviation College     Yomi Ogunsola     Aisha Buhari     Moses Salami     Moji Makanjuola     Bola Shagaya     AIT Ilorin     Saliu Ajia     Saba Mamman Daniel     Pilgrims Board     Sambo Murtala     Sobi FM     Ambassador Kayode Laro     Daud Adeshola     Congress For National Consensus     AbdulRahman Saad     Saba Jibril     Lasiele Alabi Yahaya     Okoolowo     Taofik Abiodun Ahmed     Special Adviser On Digital Innovation     Yusuf Abdulkadir     Buari Edun     Onilupeju Of Ilupeju     Laduba     Monkey Pox     Oasis Muslim Care Foundation     Quarry Royal Valley     Omar Bolaji Gambari     Abdulmumin Yinka Ajia     Elerinjare     Ilorin General Hospital     Haleeman Salman     Sobi Hill     Kisira     Oke-Ogun     Chartered Institute Of Personnel Management Of Nigeria    

Cloud Tag: What's trending

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

Seni Saraki     Belgore     Femi Agbaje     Ilota     Shuaib Abdulkadir     Oke Sunna     IHS Towers     PPS     Sabi     ASKOMP     Muhammad-Mustapha Suleiman     Salaudeen Oyewale     Segun Ogunsola     Lateef Ademola Olatunji     Lai Gobir     Rabiu Kwankwaso     Adebara     JMK Construction Company Limited     Akume     Alaro     Sidikat Akaje     Oye Tinuoye     Iyeru Grammar School     Computer Based Test     Oniwasi Agbaye     Abdulrauf Yusuf     Mope Dasuki Belgore     Saad Omo Iya     Budo-Egba     Kudirat Arinola Lawal     Fatai Olodo     Olaosebikan     John Obuh     Ilorin Anchor Men And Women     IQRA College     Hakeem Lawal     Abdulmumini Jawondo     Folashade Omoniyi     Samuel Elizabeth Keatswa     Just Event Online     Afolabi-Oshatimehin Adenike Harriet     Shuaibu Yaman     Simeon Sule Ajibola     Kola Adesina     Muritala Awodun     Mufutau Olatinwo     Mohammed Lawal Bagega     Aliyu Kora Sabi     Centre For Digital Economy     Ishola Balogun Fulani     Kazeem Oladepo     Baba Issa Awoye     Roheemat Hammed     Wahab Agbaje     Maimunat Oloriegbe     Islamiya Abdulraheem     Oladimeji Thompson     Nigeria Governors\' Forum     Musibau Akanji     Abikan     Henry Makinwa     Sobi Specialist Hospital     Abioye Bello     Yakubu Mohammed Abdullahi     Ajibike Katibi     Oloye     Yeketi     Suraj Tunji Oyewale     Folaranmi Aro     Abdulmumini AbdulRazaq     Kwara-SAPZ Project     Sa\'adu Salau     Ibrahim Akaje     Muyiwa Oladipo Kanu     Alfa Modibbo Belgore     SGBN     Harrison Osauwagboe