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.

Kwara State Pension Board     Moronfoye     Haruna Olawale Sulaiman     Muhammad Fawaz Abubakar     Micheal Imoudu     Mahmud Durosinlohun Atiku     Kazeem Adekanye     Ella Supreme Tissue Paper     Jamiu Oyawoye     Sulyman Age AbdulKareem     Balogun Ajikobi     Bilikis Oladimeji     Doyin Group     Tinubu Legacy Forum     Hijab     NIPR     Musa Yeketi     Akorede     Alapansapa     Olabanji Orilonishe     Jimoh Akani     TIC     Yusuf Mubarak     Ishaq Salman     Afolabi-Oshatimehin Adenike Harriet     Dogara     Yakubu Shaaba     Kwara North     Yusuf A. Usman     Hajj     Adolescent Girls Initiative For Learning And Empowerment     Ilorin West/Asa Federal Constituency     Kwara-SAPZ Project     Aminat Ahmed     Bola Magaji     Belgore     Abdulrahman Abdulrazak     Kayode Yusuf     Emir Of Ilorin     Jimoh Saadudeen Muhammed     Bolaji Abdullahi     Aliyu Salihu     Tanke Road     Ajayi Okasanmi     Centre For Peace And Strategic Studies     Ojuekun Sarumi     Ilorin Descendants Progressive Union     Abiodun Abdulkareem     Isiaka Danmeromu     Paul Olawoore     Jimoh Bashir     New Model Police Station     Hamid Bobboyi     Shehu Jimoh     College Of Health     Maja     Shuaib Boni Aliyu     Olaitan Adefila     AbdulKareem Yusuf Danhawa     Radio SBS     Igbomina     Simeon Sule Ajibola     Harrison Osauwagboe     Abdullahi Atanda     Monthly Sanitation     Ogbondoroko     CELF     Muhammad Ghali Alaaya     Saadu Gbogbo Iwe     Lanre Badmas     Afusat Nike Ibrahim     Sunday Fagbemi     Muslimah Entrepreneurship Forum     Umar Yakubu Jaja     Waheed Ibrahim     Universal Basic Education Commission     Towobola Abdulrahman Toyin    

Cloud Tag: What's trending

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

ASMAU PLAZA     Towoju     Bayo Mohammed Onimode     Alikinla     Mahmud Durosinlohun Atiku     The Herald     Abioye Bello     Al-Ilory     Muhammad-Mustapha Suleiman     Forgo Battery     Babs Iwarere     Saadatu Modibbo-Kawu     COVID-19 Palliatives     Kpotum Mohammed Baba     Awwal Jawondo     Sa\'adatu Modibbo-Kawu     Dan Iya     Aliyu Kora-Sabi     Okiki     Shuaib Abdulkadir     Salman Alada     Oju Ekun Sarumi     Muhammed Danjuma     Elerin Of Adanla Irese     John Olobayo     Offorjama     Sheikh Ridhwanullah     Maryam Ado Bayero     Muhammad Akande Olarewaju Odunade     Isiaka Gold     Bello Oyedepo     Neo Mundo Ltd     Alore     Baba Adini Of Kwara State     Sulyman Atolagbe Alege     AbdulRasaq Abdulmajeed Alaro     Al-Hikmah Radio     Agbarigidoma     NaAllah     Oluranti Idowu     Goodluck Jonathan     Ahmed     Aisha Ahman Pategi     Sa\'ad Alanamu     LEAH Charity Foundation     Kisra     Yusuf Abdulwahab     Sherif Sagaya     NNPP     Awili Pedro     Centre For Peace And Strategic Studies     Gbugbu     Ademola Kiyesola     Saeedat Aliyu     Ilorin South     Abdul-Rasheed Na\'Allah     Kwara State Health Insurance Agency     Saliu Ajibola Ajia     Olatunji Bamgbola     Hassanat Bello     Idowu Aremu     International Public Sector Accounting Standards     Special Agro-industrial Processing Zone     Saba Mamman Daniel     Shuaibu Yaman Abdullahi     Ramadan     Valsolar-Kwara Company Limited     Halidu Danbaba     Plat Technologies     Ayoade Akinnibosun     Monkey Pox     Edret Sabi Abel     Salihu S. Yaru     Okin Biscuits     Babaloja-General     Abdulrasheed Na\'Allah     Kassim Babamale