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.

Kunle Suleiman     Jeunkunu-Malete-Bani     March 28     Ibraheem Abdullateef     Tunde Oyawoye     Hijaab     Saad Omo Iya     Olajumoke Monsura Gafar     Makama     Zara Umar     Alao Ayotunde     AbdulRahman Saad     Igosun     Ahmad Fatima Bisola     Segun Olawoyin     KWASAA     Tanke     Madawaki Of Ilorin     Olanrewju Okanlawon Musa     Lanre Issa-Onilu     Afolasade Opeyemi Kemi     Kwara State Internal Revenue Service     Ado Bayero     Dele Momodu     Ganiyu Taofiq     Azeez Bello     Bello Oyebanji     Imam Gambari     Kolo     Kayode Alabi     Okiki     Sulyman Atolagbe Alege     Abdul Jimoh Mohammed     Ibrahim Labaika     Kaiama     Ayegbeni     Just Event Online     Adedipe     Nupe     Ibrahim Abduquadri Abikan     Sun Qing Rong     Patience Jonathan     All Peoples Party     Abdulrazaq Adebayo     Bluenile Associates     Dorcas Afeniforo     Asa LGEA School     Alaro     Kwara State Polytechnic     Roseline Oni Aremu     Ibrahim Kayode Adeyemi     Monthly Sanitation     Lai Mohammed     Abdulmajeed Abdullahi     Orire     Demola Banu     Chikanda     Oba-Solagberu     Abiodun Abdulkareem     Arandun     John Olajide Adedipe     Odo-Owa     KWATMA     Buari Edun     Ajeigbe     Akanji     Saad Belgore     Esinrogunjo     Senior Special Assistant On Student Affairs     RTEAN     Lateef Fagbemi     ITEM 7     Adeleke Ogungbe     Yusuf Aiyedun     Abdulquawiy Olododo     Lanre Olosunde     Oba Abu    

Cloud Tag: What's trending

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

Rapheal Ashaolu     Abubakar Abdulraheem     David Oyerinola Adedunmoye     Tunji Ajanaku     Balogun Ajikobi     Olushola Saraki     Amos Sayo     Ilorin Innovation Hub     Saka Adeyemo     Rafiu Olasile     UNIFEMGA     Ajibola Ademola Julius     Akeem Olatunji     Abdulmalik Bashir Mopelola Risikatullahi     Oladipo Akanmu Tolani     Osuwa     Babatunde Idiagbon     Amusa Bello     Basic Education Certificate Examination     Muhammed Abdullahi     Saliu Shola Taofeek     Ayinde Oyepitan     Yahaya Seriki     Haliru Dantoro     Olatunji Moronfoye     Dauda Adeniran Adeshola     Ola Falade     Bello Abubakar     Ilorin Durbar     Sulyman Abdulkareem     Dar-Al-Handasah Consultants Ltd     Micheal Imoudu     Ilorin Muslim Community     Florence Saraki     Olusegun Adeniyi     Labour Party     Isau     Timothy Akangbe     Lola Olabayo     Ilorin Anchor Men And Women     Hijab     Shuaib Olarongbe     Wasiu Onidugbe     Inside Kwara     Patigi Regatta     Igbomina     Jamiu Oyawoye     Durosinlohun Kawu     Prince Mahe Abdulkadir     Usman Alkali Baba     Igosun     Senior Ibrahim Suleiman     GGDSS Pakata     Ibrahim Oniye     Kwara Central     Rebecca Olanrewaju     Rotimi Oyedepo     Shaaba Lafiagi     Abdulrahman Abdulrasak     TVC Female National Debate     Sanusi Abubakar     Babaloja-General     Gaa Olobi     A.E. Afolabi     CCEPE     Moses Rahman Popoola     Oba-Solagberu     Abdulmajeed Wahab     Bisi Oyeleke     Oko     Vasolar     IHS     Kulende     Awili Pedro     Modupe Oluwole     Taofik Abiodun Ahmed     Saidu Kawu