PDP queries Kwara govt's N5bn loan

Date: 2015-08-22

The Peoples Democratic Party in Kwara State has queried the rationale behind the state government's decision to borrow N5 billion to pay the arrears of local governments' staff salaries.

The state publicity secretary of the party, Rex Olawoye, made the observation in an interview in Ilorin.

Mr. Olawoye, therefore, challenged Governor Abdulfatah Ahmed to explain what the monthly Federal Allocations to the councils were used for.

He said the N3.5 billion federal allocation to the 16 local governments in the state for the month of June was adequate to offset the three months arrears of salaries allegedly owed council staff.

He said this was aside the state statutory allocation of N5.2 billion from the Federation Account for the same month.

"Once an organisation resorts to borrow to pay salaries, such organisation should be counting its days of collapse or bankruptcy.

"As much as it is good to pay salaries with borrowed money, how do you pay back the loan with the interest? Borrowing to pay salaries means postponing the evil days," Mr. Olawoye said.

Mr. Olawoye challenged Ahmed to tell the world what happened to the June allocations that should warrant his borrowing money for salaries.

The spokesperson gave a breakdown of the June allocation to each of the 16 councils to prove why it was needless for the APC-led state government to raise bond to pay salaries.

He said that Ifelodun got N266 million in June but only paid N65 million as monthly salaries.

He said even if the local government spent N195 million to offset three months arrears, it would be left with balance of N71 million for other services.

Mr. Olawoye said Asa got N202 million; Baruten, N323 million; Edu N253 million; Ekiti, N156 million; Isin, N157 million; Ilorin East, N232 million; Ilorin South, N234 million and Ilorin West, N279 million.

The others were Irepodun, N200 million; Moro N208 million; Kaima, N258 million; Offa, N186 million; Oke-Ero, N157 million; Oyun, N178 million; and Pategi, N213million.

Source

 

Cloud Tag: What's trending

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

COEASU     April 11     Dar-Al-Handasah Consultants Ltd     Madawaki     Abdul Jimoh Mohammed     Balogun-Ojomu     Abiodun Musa Aibinu     Adeola Abraham     Daud Adeshola     Abdulmutalib Shittu     Sabitiyu Grillo     Kayode Ishola     Bola Olukoju     Akanji     Halidu Danbaba     National Broadcasting Commission     Nigeria Governors\' Forum     Mopelola Abdulmaliq-Bashir     Abdullahi Imam Abdullahi     Sulyman Age AbdulKareem     ER-KANG Mining Nigeria Company Limited     KWTV     Babs Iwarere     Saka Abimbola Isau     A.O. Belgore     National Party Of Nigeria     Olaosebikan     Yusuf Mubarak     Olayinka Oladapo Jogunola     Ubandoma     Ministry Of Women Affairs And Social Development     Orisa Bridge     George Funsho Adebayo     Simeon Sule Ajibola     John Olajide Adedipe     Binta Sulyman     Donatus Ejidike     Kwara Apc     Oko-Erin     Maryam Ado Bayero     Razak Atunwa     KWASAA     Garment Factory     David Oyedepo     Jide Ashonibare     Moses Afolayan     Bashir Adigun     Lai Gobir     NIRSAL     Oja-Oba     Abdulkadir Jimoh     Elesie Of Esie     Okanlawon Musa     Atunwa     Ilorin Innovation Hub     Akeem Olatunji     EndSARS     Alabere     Kunle Okeowo     Universal Basic Education Commission     Abraysports FC     Shonga     Hussein Olokooba     Yusuf Badmus     Kehinde Boyede     Adesoye College     Ibrahim Kayode Adeyemi     Joseph Offorjama     Saraki     Yahaya Oloriegbe     Abdulmumin Yinka Ajia     LABTOP     Osuwa     Bola Ahmed Tinubu     Magaji Nda     Funmi Salau     T And K FOODS    

Cloud Tag: What's trending

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

Segun Olawoyin     Agbarere     Peculiar Allowance     George Innih     Valsolar Consortium     Aisha Buhari     Okin Biscuit     Muslimah Entrepreneurship Forum     Abdullahi AbdulMajeed     Habeeb Abdullahi Al-Ilory     Garba Idris Ajia     Code Of Conduct Bureau     Ibrahim Akaje     Yoruba     Congress For National Consensus     Sherif Sagaya     Lukman Oyebanji Fagbemi     Sunset Workers     Towobola Abdulrahman Toyin     College Of Health     Ebun-Olu Adegboruwa     Folorunsho Alao     Adamu Attah     Bibire Ajape     Muideen Olaniyi Alalade     Jimba Babatunde     Emir Of Yashikira     Barakat Community Secondary School     Olaiya Zuberu     Sa\'adu Salahu     Sobi Specialist Hospital     Isiaka Yusuf     Kayode Ibrahim     Gamji Members Association     Coronavirus     Onilu     Olomu     Wahab Abayawo     Ahmed Bolaji Nagode     Irepodun     REO CAKES     Leke Ogungbe     Sebastine Obasi     Abdulsalam Firdaous Amosa     Ilorin Muslim Community     Sardauna     Ibrahim Abdulqadir Abikan     Mufti Of Ilorin     Makama Of Ilorin     Baba Idris     Sobi     Buhari     Abdulkareem Alabi     Magaji Erubu     Bolaji Aladie     Lithium     Donatus Ejidike     Ahmad Uthman     Abdulrahman Abdulrazak     Mohammed Jimoh Faworaja     Shehu Raheem Adaramaja     Dogara     State Bureau Of Internal Revenue     Sarkin Malamai     Shehu Alimi Foundation For Peace And Development     Share/Tsaragi     Dan Masanin     Isa Aremu     Kwara State Coalition Of Business And Professional Associations     Oluwarotimi Boluwatife Adenike     Abatemi Usman     Abdulrahman Abdulrazaq     Samuel Adaramola     Chief Of Staff     Hamidat Sulyman-Yusuf     Arinola Lawal     Afolabi-Oshatimehin Adenike Harriet