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     Yusuf Lanre Badmus     National Union Of Road Transport Workers     Ibrahim Jawondo     Oyin-Zubair     New Nigeria People’s Party     Abdulrazaq Magaji     Alfa Yahaya Road     Kwara Primary Health Care Development Agency     Kwara Apc     Suleiman Ajadi     Issa Manzuma     Dar-Al-Handasah Consultants     Muslimah Entrepreneurship Forum     Arinola Lawal     Oko-Olowo     Maigida Soludero Transit     Charles Ibitoye     BIR     Ayoade Akinnibosun     Bamikole Omishore     Shettima Of Ilorin     Yahaya Muhammad     Olaosebikan     Sardauna     Tsaragi/Share     Isaac Aderemi Kolawole     Joseph Bamigboye     Funmilayo Oniwa     Sulu Babaita Isiaka     Ope Saraki     Damilola Yusuf     Yakubu Shaaba     Awoye     Oniye     Aliyu Olatunji Ajanaku     Ahmad Lawan     Ahmed Dankaya     Otoge     Sidikat Uthman Ajibola     Olatunji Abdulmumeen     Abdulsalam A. Yusuf     Amada Jidda     Leke Ogungbe     New Naira Notes     AbdulGafar Tosho     Ayodele Kuburat Olaosebikan     Salau Kabiru Abdullahi     Suraj Tunji Oyewale     Wasiu Onidugbe     Kunle Okeowo     Abdulwaheed Musa     Igosun     Mohammed Kamaludeen     Ariyo     Oyelere Oyinloye     Seed Technologies     Ezekiel Yissa Benjamin     Bilikis Oladimeji     Wasiu Odewale     Government High School Adeta     Ile Arugbo     Adamu Jemilat-Baki     Ahmed Mohammed Rifun     Laolu Saraki     Al-Ilory     Sherif Shagaya     Ayobola Ipinlaiye     Isiaka Yusuf     Sobi     Fareedah Dankaka     Kwara TV     Neo Mundo Ltd     Ibrahim Abiodun     Tosho Yaqub     Ethical College     Wahab Kunle Shittu    

Cloud Tag: What's trending

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

Baba Idris     Yemi Sanni     Bamikole Omishore     Kwara Primary Health Care Development Agency     KWAFFA     AbdulGafar Tosho     Raliat Elelu-Habeeb     Jaigbade Alao     Oasis Muslim Care Foundation     Oyelere Oyinloye     Wahab Egbewole     Tunde Mukaila Mustapha     Lasiele Alabi Yahaya     Alfa Yahaya Road     Elewu     Kwara State Fish Farmers Association     Lola Ashiru     Sa\'adu Salau     Idowu Laro     Lanre Badmus     Fola Consultant     Edu     Muhammad Mustapha Suleiman     Olusegun Adeniyi     Tunde Idiagbon Road     Esinniobiwa Quareeb     Trader Moni     Alabe     Hijab     Kunle Okeowo     Kwara Politics     Clement Yomi Adeboye     Muhammad Yahya     Abdulkarim Adisa     Atiku     Iyaloja-General     Ajasse-Ipo     Kale Belgore     Salaudeen Oyewale     Monthly Sanitation     AbdulRazaq Jiddah     Sidikat Alaya     Afin Descendants Union Of Odo-Owa     Yusuf Ali     Omotoso     Baba Isale     Salau Kabiru Abdullahi     Ilorin Amusement Park     SWAN     Segun Ogunsola     Yusuf Babatunde Abdulwahab     Bayo Mohammed Onimode     Abdulrahman Onikijipa     Amuda Bembe     Orisa Bridge     Muhammad Akande Olarewaju Odunade     Ahmad Ali     Convocation Ceremonies     Aisha Ahman-Pategi     UNILORIN Alumni     Vasolar Consultoria     Toyin Saraki     Saadu Yusuf     Abdulmumini AbdulRazaq     Kola Ologbondiyan     Sola Saraki University     Salman Jawondo     Modibbo Kawu     Abubakar Usman Jos     Isiaka Oniwa     Niyi Ogundiran     Ahmad Olayiwola Kamaldeen     Matthew Babaoye     Olaosebikan     Pacify Labs     Babaloja-General     Wahab Olasupo Egbewole