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.

Ben Duntoye     Kolo     Solomon Edojah     Ilorin Emirate     Bilikisu Gambari     S.O. Opowoye     Hakeem Idris     Hassan Taiye Salam     Y.A. Abdulkareem     Michael Nzwekwe     March 18     Oba Abdulkadir La\'aro     Mahe Abdulkadir     ITP     Dorcas Afeniforo     Saad Omo\'ya     Alimi Abdulrazaq     Razak Atunwa     Minimum Wage     Adisa Logun     Abdulfatai Baakini     Kwara State Council Of Chiefs     Isiaka AbdulRazaq     Adaramaja     PPS     Idiagbon     TESCOM 2025     Fatima Abolore Jimoh     Apaokagi     EFCC     Apado     KWSIEC     Abubakar Ndakene     Ilota     Lithium Deposit     Budo-Egba     Lafia Aliyu Korasabi     First Lady     Yusuf A. Usman     Olokoba     Nnazua     Jamiu Oyawoye     Onilupeju Of Ilupeju     Maimunat Oniyangi     SWAN     Kwara 2023     Abdulwaheed Musa     State Bureau Of Internal Revenue     Saliu Ajibola Ajia     Trade Lenda SME Fair     Ajase-Ipo     Laboratory-to-Product     Ayoade Akinnibosun     Hassanat Bello     Lola Olabayo     Olatunde Michaels     Sobi     Kwara State University Of Education     Baruba     New Model Police Station     Nigerian Supreme Council For Islamic Affairs     Nagode     Ilorin Curfew     Allocation     Ezekiel Yissa Benjamin     General Hospital     Bukola Saraki     Suraj Tunji Oyewale     Oniye     Share-Tsaragi     Peter Obi     Umar Sanda Yusuf     Funmilayo Braithwaite     Dairo Kunle Paul     Nurudeen Muhammed     Yusuf Amuda Gobir     Siraj Oyewale    

Cloud Tag: What's trending

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

Saraki     Shao     ER-KANG     Lanre Badmus     AbdulFatai Adeniyi Dan-Kazeem     Usman Alkali Baba     Raimi Iyanda     Durbar Festival     Ministry Of Women Affairs And Social Development     Abdul-Rasheed Na\'Allah     Ahmed Mohammed Rifun     Ishola Balogun Fulani     Segun Abifarin     UNILORIN Alumni     General Hospital     Pacify Labs     Oluwole Dupe     New Nigeria People’s Party     Facebook     Aminu Ado Bayero     Abdulquowiyu Olododo     Joana Nnazua Kolo     Bukola Ajikobi     Ayinde Oyepitan     Apata Ajele Secondary School     Wahab Olasupo Egbewole     Olugbense     Quran     Women Radio     Oja-Oba     Ilorin Central Mosque     Yusuf Amuda Gobir     Yahaya Seriki Gambari     Muslim Media Watch Group Of Nigeria     Overland     Susan Modupe Oluwole     Adamu Attah     Kamaldeen Ajibade     Oko-Olowo     James Kolo     Ilorin International Airport     Oju Ekun Sarumi     Osuwa     Ope Saraki     Oba Mogaji Abdulkadir     Akume     Frootify     Aminu Adisa Logun     Elelu     Medview Airlines     IHS Towers     Chemiroy Nigeria Limited     State Bureau Of Internal Revenue     Lanre Aremu     Muslimah Entrepreneurship Forum     Omupo     Olokoba Sulyman     Pilgrims Board     Yaman     Kolawole Bashirat     Pakata     Dar-Al-Handasah Consultants Ltd     UNILORIN Alumni Association     Dorcas Afeniforo     Prince Bola Ajibola     Federal College Of Education (Special), Afon     Ibrahim Kayode Adeyemi     Abdullahi Saadudeen Alikinla     Temi Kolawole     Young Progressives Party     Aliyu Olatunji Ajanaku     Idris Amosa Oladipo Saidu     Kolo     Ijagbo Health Centre     Oloje     Third Estate     Yusuf Arowosaye