Controversies trail Kwara N10b credit facility
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".
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Oja-Oba Yekeen Alabi Monkey Pox 2017 Budget Toyin Sanusi JMK Construction Company Limited Federal Road Maintenance Agency Hassan Oyeleke Wahab Abayawo MATTA Girls Foundation Adesoye Ojo Fadumila Yakubu Gobir Ahmed Dankaya Principal Private Secretary Illyasu Abdullahi Awwal Jawondo SSA Youth Saliu Tunde Bello Moshood Mustapha Madawaki NULGE Yemi Osinbajo Grillo Abubakar Abdulraheem Olaiya Zuberu Saliu Oluwole Kwara State Polytechnic Jebba Abdullahi Saadudeen Alikinla Shonga Yusuf Badmus Umar Yakubu Jaja Cornelius Fawenu IYA ALFA NLA General Tunde Idiagbon International Airport Adama Isa Ilorin Innovation Hub Ilorin ER-KANG Mining Nigeria Company Limited Razaq Ayobami Akanbi Bolakale Kawu Agaka Fatai Adeniyi Garba IFK Fatima Abolore Jimoh Ilorin Amusement Park COVID-19 Palliatives Mashood Dauda Aliyu Umar Ishaq Salman Umar Danladi Shero Abdulkadir Jimoh Rasheed Jimoh Ahmed Ayinla Jimoh Dasuki Belgore International Public Sector Accounting Standards Ibrahim Kayode Adeyemi Issa Oloruntogun Edret Sabi Abel Hassan Abdulazeez Elewu Jimoh Olusola Imam Tunji Ajanaku Isiaka Gold Ahman Pategi Aisha Buhari Olatunji Abdulmumeen Odo-Owa Oloyede Societe Generale Bank Of Nigeria Saka Onimago Usman Yunusa Yusuf Aiyedun Oyeyemi Olasumbo Florence Abdulkadir Orire Trade Lenda SME Fair Ramadan Kumbi Titilope

