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.

Kabir Shagaya     Kwara Consultative Forum     Third Estate     Village Alive Development Association     COEASU     Tunji Olawuyi     Raheem Adaramaja     Saduki Lafiagi     Hamid Bobboyi     Abdulmumini Sanni Jawondo     Mohammed Abduraheem     Danhawa     Risikat Lawal     Clement Yomi Adeboye     KFA     Gbemisola Oguntimehin     Baba Isale     Hijab     Samari     Mumeen Lah     Raimi Iyanda     Oloye     Muazam Nayaya     Eghe Igbinehi     Alikinla     Katibi Ibraheem Adeola     KWSIEC     Summit University     Basic Education Certificate Examination     Asiwaju Bola Tinubu     Dapo Teni Nig Enterprise     Afetu Of Alabe     Bello Abubakar     GANZY     Igbomina     Raymond Olaitan     Issa Oloruntogun     Funmilayo Braithwaite     Segun Adeniyi     Tosho Yaqub     Ibrahim Gambari     Abdulmumin Yinka Ajia     Tope Daramola     Albert Ogunsola     Hajj     Hassan A. Saliu     Salaudeen Oyewale     General Hospital, Ilorin     Umar Sanda Yusuf     Towobola Abdulrahman Toyin     Galadiman Ngeri     Www.Kwarareports.com     Joshua Adeyemi Adimula     Oba David Oyerinola Adedunmoye     Maja     Turaki     Presidential Election     Abdulazeez Arowona     Shuaib Abdulkadir     Lola Ashiru     Shola Odetundun     Susan Modupe Oluwole     Issa Baba     Olatunji Bamgbola     Admiralty Villa     Fatai Garuba Labaka     Kwasu     Bibire Ajape     United Nigeria Airline     SGBN     Waziri Yakubu Gobir     IHS     Musbau A. Akanji     Yusuf Amuda Gobir     Aso-ofi     Eruku     Justina Oha    

Cloud Tag: What's trending

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

NaAllah     SARS     GRA     Saad Belgore     Asa LGEA School     Abdulmalik Bashir Mopelola Risikatullahi     Mufti Of Ilorin     Ndama Al-hassan     Zulu Gambari     Ibrahim Abdulkadir Abikan     AGM Professional Services     Yakubu Dogara     Adekunle David Dunmade     Lawan     Iyeru Grammar School     Overland     Yusuf AbdulRasheed     ASMAU PLAZA     Code Of Conduct Tribunal     Jare Olatundun     General Tunde Idiagbon International Airport     Abdulrasheed Lafia     Abdullateef Abdussalam     Oasis Muslim Care Foundation     Fola Consultant     IQRA College     Christopher Tunji Ayeni     Ramat Oganija     Fatimah Abdulkadir     Ayobami Akanbi     Muyideen Ajani Bello     International Vocational Centre     Muhammed Taofeeq Abdulrazaq     Revenue Court     Abikan     Al-Hikmah University     Convocation Ceremonies     Sardauna     TETFUND     Yakubu Danladi     IHS Towers     Assayomo     Ayobola Ipinlaiye     Imam Gambari     Kwara Liberation Group     Musa Abdullahi     Ridhwanullah Al-Ilory     JMK Construction Company Limited     Lola Ashiru     LAK Jimoh     Www.Kwarareports.com     Hydro-electric Power Producing Areas Development Commission     Taibat Ayinke Ahmed     Col. Adedipe     Raliat Islamic Foundation     ITEM 7     SSA Youth     Is\'haq Modibbo Kawu     Kwara University Of Education     Adeola Abraham     Lawal Olohungbebe     Muhammed Abdullahi     Wahab Kunle Shittu     April 11     Forgo Battery Company Limited     Hydroelectric Power Producing Areas Development Commission     Adanla-Irese     Jaigbade Alao     Nagode     Femi Agbaje     Isiaka Rafiu Mope     Aishat Sulu-Gambari     Baba Isale     Abdulwahab Ololele     Alumni Association Of The Federal Polytechnic Offa     Yusuf Babatunde Abdulwahab     Sola Saraki Educational Foundation