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.

Vasolar-Kwara Company Ltd     Esinniobiwa Quareeb     Abdulkadir Jimoh     Usman Yunusa     Ilorin International Airport     Yaru     Ijakadi     Jimoh Olusola Imam     Kwara State Government     Plat Technologies     Abdulrazaq Magaji     Unilorin FM     Asiwaju Bola Tinubu     Women For Change And Development Initiative     Universal Basic Education Commission     Rihanat Ajia     Kale Belgore     Sidikat Uthman Ajibola     Abdulganiyu Salahudeen     Age AbdulKareem     Tanke Road     GGDSS Pakata     Abiodun Jacob Ajiboye     UNILORIN Alumni     Quran     Igbomina     Elections     Elerinjare-Ibobo     Samuel Olusegun Adedayo     Joshua Adeyemi Adimula     Erubu     Vasolar     High Court     Okoolowo     Aminat Omodara     Iqra Books     Ilorin Metro Park     Ballah     Issa Manzuma     Mohammed Katsina Ahmed     Ayoade Akinnibosun     Abubakar Baba Sulaiman     KWAFFA     Saka Adeyemo     Dele Belgore     Bursary     Kudirat Arinola Lawal     Volunteers Of Ilorin Community And The Emirate     Mubarak Oladosu     Obuh     IYA YUSUF     Adamu B. Yaqubu     Olomu     Muhammadu Gobir     Simon Sayomi     Olayinka Oladapo Jogunola     KWIRS     Alfa Modibo Belgore     Bilikis Oladimeji     Saliu Shola Taofeek     Hijab     Share/Tsaragi     Ibrahim Mashood     Local Government Pension Board     Kwara Primary Health Care Development Agency     John Olajide Adedipe     George Innih     Ahmed Shuaib Buranga     Busari Toyin Isiaka     Ibrahim Abdulkadir Abikan     Offa Grammer School     Okeose Christian Cementary     Eleja     Dairo Kunle Paul     Sulyman Buhari     Abdulrahman Abdullahi Kayode     Salihu Ajibola Ajia    

Cloud Tag: What's trending

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

Alfa Yahaya Road     Laduba     Aishat Mohammed Lawal     Dapo Teni Nig Enterprise     Ola Falade     Kwara State Polytechnic     Yemi Osinbajo     Kwara Pdp     George Innih     Guber Aspirant     General Hospital, Ilorin     Kassim Babamale     Adanla-Irese     Esinniobiwa Quareeb     Rihanat Ajia     Oloyede     Tsaragi     Ilorin Airport     Aminu Ado Bayero     Adamu Jemilat-Baki     Femi Oladiji     Mohammed Abduraheem     Saraki     Oke-Ode     Simeon Sayomi     Government House     Adedayo Yusuf Abdulkareem     Taofeek Ibraheem     Playing Host     Sulyman Atolagbe Alege     Pakata Patriots     Muslimah Entrepreneurship Forum     Kawu     Tunji Folami     Babaita     LABTOP     Theophilus Oyebiyi     Maryam Nurudeen     IQRA College     Ifelodun     Katibi Ibraheem Adeola     Yinka Aluko     Suleiman Rotimi Iliasu     Harrison Osauwagboe     Federal Road Maintenance Agency     Modupe Oluwole     Tunji Moronfoye     Olatunji Abdulmumeen     Sango-UITH Road     Abdulrahman Abdullahi Kayode     Alimi Abdulrazaq     Maimunat Oloriegbe     Muhammad Sirajo Aliyu     Saadu Yusuf     Oba Sulaiman Asude     Innocent Okoye     Shola Odetundun     Olokoba Sulyman     Mutawali     PPS     Omoniyi Ayinla     Akande Idowu Ayoola Muhammed     Nurudeen Muhammed     Abdulganiyu AbdulAzeez     Irepodun     Awoye     Vasolar     Yahaya A Paniyaro     Saka Balikis Kehinde     Saheed Akinwumi     Nurudeen Mohammed     Aliyu Adebayo     Yusuf Ali     Babaloja-General     Sai Kayi     Garment Factory     11th Galadima