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.

Federal Allocation     Earlyon Technologies     AGF Abdulrazaq     Ogidi-Oloje     Oluwole Dupe     Amuda Bembe     Sulyman Buhari     Abubakar Aliagan     Young Progressives Party     Abubakar Suleiman     Siddiq Adebayo Idowu Salawu     Omoniyi M. Ayinla     Chief Imam Of Ilorin     Abdullahi Imam Abdullahi     Elesie Of Esie     YAKOOYO     3MTT     Mashood Dauda     National Association Of Nigerian Students     Ayeyemi Sulaiman     Olomu     Oloriegbe     Ahmed Alhasssan     Simeon Ajibola     Kola Shittu     Adesina Simon Sodiya     Zainab Abass     Ishola Moses Abiodun     Majlis For Sadaqah, Zakat And Waqf     Muslimah Entrepreneurship Forum     Diagnostic Centre     Adaramaja     Chemiroy Nigeria Limited     Risikat Lawal     Yakubu Shaaba     Suraj Tunji Oyewale     Eghe Igbinehin     Ambassador Kayode Laro     Yashikira     Olatunji Bamgbola     Jimoh Saadudeen Muhammed     Abdulrasaq Alaro     Lucky Omoluwa     Oniwa     Kolawole Bashirat     Ilorin Durbar     Amuda Musbau     Charcoal     Y.A. Abdulkareem     Yusuf Aiyedun     Yakubu Gobir     Ita-Nmo Market     Seun Bolaji     Saka Onimago     Abubakar Kawu Baraje     Zara Umar     SDP     Ibrahim Issa Jetti     Marafan Shonga     Agor Market     Ibrahim Abdulqadir Abikan     Dasuki Belgore     Abdulfatai Salman Baakini     Harrison Osauwagboe     Dankaka     Isiaka Gold     Okin Malt     Rueben Parejo     Mohammed Abdulahi     Road Transport Employers Association Of Nigeria     Siraj Oyewale     Abdulrazaq Aiyelabegan     Olumide Daniel Ibitoye     Fatai Olodo     NIRSAL     Kayode Bankole     Abdullah Janet Amudat    

Cloud Tag: What's trending

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

Doyin Agbamu     Mohammed Khadijat Kubura     Madawaki Of Ilorin     Ilofa     Ilorin Muslim Community     Mary Kemi Adeosun     Ileloke     Jaigbade Alao     Samari     Funmilayo Oniwa     Usman Yunusa     Daud Adeshola     Sa\'adu Salau     Abdulwasiu Bolaji Adeyi     Standard Organization Of Nigeria     Doyin Group     School Of Nursing     Road Transport Employers Association Of Nigeria     April 11     Mohammed Haruna     Oba-Solagberu     Moses Rahman Popoola     Suwa-Arabs     Odolaye Aremu     Charles Ibitoye     Yusuf Aiyedun     Ekiti     Agboola Babatunde     Modibo Kawu     Alimi     Yaru     Yomi Adeboye     Makama Of Ilorin     Taofik Abdulkareem Babaita     Femi Gbajabiamila     Tescom.kwarastate.gov.ng     Yusuf Abubakar     Dauda Adesola     Bashir Badawi     Amuda Musbau     GANZY     Kayode Bankole     Kehinde Baale     Garba Ayodele Wahab     Ijakadi     Muhammed Danjuma     Rafiu Ibrahim     Azeez Salawu     Lateef Fagbemi     Titus Suberu-Ajibola     Olokoba Abdullahi Ayinla     Abraham Ojo     Tunde Akanbi     Kwara Apc     Alao Ayotunde     PPS     UTME     Moses Afolayan     Ilorin South     Ilorin East     Anilelerin     Oniwasi Agbaye     Bola Magaji     Kamoru Kadiri     IHS Towers     Ahmed Shuaib Buranga     JMK Construction Company Limited     Moronfoye     Ayinke Saka     Gabriel Fashanu     Afin Descendants Union Of Odo-Owa     Government House     Sola Saraki Educational Foundation     Kwara State Coalition Of Business And Professional Associations     Wakilin Mata Lafiagi     Yunus Lawal     Michael Imoudu National Institute For Labour Studies