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.

Ilorin South     Abdulmutalib Shittu     Olatunji Abdulmumeen     Hakeem Idris     Omoniyi Ayinla     Gambari     Olateju Lukman     Isiaka Abdulrazak     Fatai Adeniyi Garba     Hamza Usman     Omotoso     Mumini Ishola Hanafi     Aisha Gobir     IYA ALFA NLA     Hamidu Olowo     International Aviation College     PAACO-PCL Consortium     NNPP     Kwara Primary Health Care Development Agency     Academic Staff Union Of Universities     Dar-Al-Handasah Consultants     Joseph Alex Offorjama     Col. Adedipe     Oba Abdulkadir La\'aro     Kwara State Coalition Of Business And Professional Associations     Unilorin     Simon Sayomi     Okin High School     Michael Ologundea     Oladimeji Thompson     Femi Oladiji     Ajibola Saliu Ajia     GANZY     Abdulquowiyu Olododo     Malete     Bamidele Adegoke     Oyelere Oyinloye     First Lady     Bio Ibrahim     Col. Ibrahim Taiwo     Ilorin Emirate Stakeholders Forum     Razak Atunwa     Offa Grammer School     LABTOP     Magaji Erubu     Okin Biscuits     Ibrahim Abduquadri Abikan     Mustapha Olanipekun     Yahaya Jibril Usman     Kulende     Dan-Kazeem     Ajuloopin     Kamaldeen Kehinde     Abdulazeez Arowona     Kwara Politics     Women For Change And Development Initiative     Babaloja-General     Afolabi-Oshatimehin Adenike Harriet     Ifelodun     Zainab Abass     IDPU     CCB     Muftau Akanbi Oke     Offa Descendants Union     James Ayeni     Sa\'adu Salahu     Kwara Polytechnic     Saheed Alakoso     Yekeen Alabi     Marafan Shonga     Kubra Kazum     Prince Bola Ajibola     Ahmad Fatima Bisola     Ella Supreme Tissue Paper     HICA     Simeon Ajibola     Isiaq Khadeejah    

Cloud Tag: What's trending

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

Suleiman Alege Kuranga     Ilesha-Baruba     Government Girls’ Day Secondary School Pakata     Ita-Ore     Bamidele Adegoke     Olupako     Volunteers Of Ilorin Community And The Emirate     Bureau Of Lands     Bond     Atunwa     Offa Poly     Aliyu Muyideen     Mohammed Abduraheem     Funmi Salau     Aminu Adisa Logun     Col. Ibrahim Taiwo     Iyaloja-General     Emir Of Ilorin     Makama     Baba Isale     Babajide Ajayi     Balogun Fulani     Lanwa     ER-KANG Mining Nigeria Company Limited     Sa\'adu Salahu     Abdulrauf Aliyu     AbdulKareem Yusuf Danhawa     Roseline Oni Aremu     Bayo Ajia     Bayer AG     Okasanmi Ajayi     Vasolar-Kwara Company Ltd     Abdulmumin Yinka Ajia     Salman Alada     Olaoye B. Felix     Erin-ile     TETFUND     SDP     Kamaldeen Ajibade     Monthly Sanitation     Bola Tinubu     Raji Ayodele Kamaldeen     Shehu Jimoh     Kwara Teaching Service Commission     Ayinde Oyepitan     Oke-opin     Kwara State Council Of Chiefs     Abdulganiyu AbdulAzeez     Yahaya A Paniyaro     Oke-Kura     Danhawa     Nnazua     Magaji Erubu     Aliyu U. Tilde     Minister     Ilesha Gwanara Road     Ibrahim Agboola Gambari     Folashade Omoniyi     ASUU     Maigidasanma     Ladi Hassan     Ajibola Ademola Julius     Umar Saro     Seun Bolaji     JMK Construction Company Limited     Hussein Olokooba     Opolo Global Innovation Limited     Halidu Danbaba     Col. Adedipe     Olaiya Zuberu     Obayomi Azeez     Muhammed Mahe Abdulkadir     Bamidele Aluko     Oke-Ode     Abdulrasheed Na\'Allah     Grillo     Abubakar B.M