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.

Government High School (GHS), Adeta     Oja-Oba     Shehu Alimi Foundation For Peace And Development     KSIRS     Abdulrazaq Magaji     Aisha Gobir     Towoju     Oke-opin     Yoruba     IEDPU     LEAH Charity Foundation     Islamic Development Bank     Ilorin Airport     Law School Scholarship     Mohammed Abduraheem     Muhammad Fawaz Abubakar     Ademola Kiyesola     Lawal Arinola Kudirat     Olatunde Oyeyiola     Harmony Holdings     Abdulfatai Baakini     Kwabes     Wahab Egbewole     Aso Ofi     Age AbdulKareem     Elerinjare     Yusuf Aiyedun     Muhammadu Buhari     Abdulrauf Aliyu     Prince Sunday Fagbemi     Toun Okewale-Sonaiya     Kale Bayero     Ahmad Fatima Bisola     Pakata Development Association     Shuaibu Yaman Abdullahi     JSSCE     Quran     ARMTI     Tunji Ajanaku     KWTV     Bisi Oyeleke     Khadijat Ayoola Yusuf     Kwara United     Kwara North     Tosin Saraki     ITP     Binta Abubakar-Mora     Ayo Salami     Ilorin International Airport     Ebun-Olu Adegboruwa     Bureau Of Lands     Lotus Bank     Abiodun Abdulkareem     REO CAKES     PharmAccess Foundation     Muftau Akanbi Oke     Salihu Yahaya     Aiyedun     Baba Isale     Abdulkadir Jimoh     UNILORIN Alumni Association     Funmilayo Braithwaite     Ibrahim Gambari     Folajimi Aleshinloye     GGDSS Pakata     Ishaq Oloyede     Mopelola Abdulmaliq-Bashir     KwaraLearn     Saduki Lafiagi     Tafida Of Ilorin     Taofik Abdulkareem     Alagbado     Joseph Yemi Ajayi     Ilorin Talaka Parapo (ITP)     Musbau A. Akanji     Kwara Metro Park     08001000100    

Cloud Tag: What's trending

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

Kolo     Baba-Isale     Dan Iya Of Ilorin     Umar Danladi Shero     Marufat Oladosu     Gbemisola Oguntimehin     Tunji Moronfoye     Umar Adelodun     Okin High School     Tosin Saraki     Sheikh Ariyibi     Sheikh Alimi     Ramadhan     Odogun Olushola Gabriel     Magaji Are     Paul Olawoore     Yoonus Kola Olatinwo     Dapo Teni Nig Enterprise     Damilola Yusuf Adelodun     Agboola Abdulraheem     Elekoyangan     Twitter     Offa Metropolitan Club     Federal Allocation     Emir Of Kano     Olatunde Olukoya     New Naira Notes     Dan Iya     Ibrahim Taiwo Road     Akanji     Yusuf Amuda Abubakar     Afonja Descendants Union     James Ayeni     BECE     Saidu Yaro Musa     Osi     Tsaragi     Olatunde Michaels     Omotoso     Oye Tinuoye     AbdulRauf Keji     HYPPADEC     Kwara 2019     Toyin Olayinka Tejidini     Kassim Babamale     Rotimi Atere     Saka Saadu     Kwara Politics     Umar Ayinla Saro     SUBEB     Otuka     Abdulfatai Baakini     Abdulbaqi Jimoh     Timothy Akangbe     Colleges Of Education Academic Staff Union     Hassan Taiye Salam     Ejidongari     Aliyu Muhammad Saifudeen     Kayode Yusuf     Binta Abubakar-Mora     Quarry Royal Valley     Hausa     Michael Ologundea     Sarah Jubril     Saka Keji     Logun     Rachael Obisesan     NFAI     Abdulrahman Abdulrazaq     Olumide Daniel Ibitoye     JMK Construction Company Limited     Bayo Lawal     Baruten     Olam Food Ingredients     Kayode Oyin Zubair     Kwara Volleyball Association     Olukotun Of Ikotun