Kwara PDP, Assembly tackle gov over N20 billion Bond

Date: 2015-11-26

The Kwara State chapter of the Peoples Democratic Party (PDP) and the state House of Assembly which enjoys a majority of members of the All Progressives Congress (APC) have gone on war path with the state governor, Alhaji AbdulFatah Ahmed over the proposed N20 billion Bond the state government is proposing to take.

Already, the state House of Assembly has urged the state government to furnish the legislature with detailed information on the bond so far accessed by the present administration in the state. This is coming on the heels of the allegation by the state publicity secretary of the PDP, Mr. Rex Olawoye, that the government of Ahmed has taken up to five bonds in the last five years.

The demand for a detailed information by the assembly is part of resolutions reached by the House following the State Governor AbdulFatah Ahmed's request for the House resolutions on the proposed seven-year N20billion bond to address critical developmental projects in the state and read by the Speaker Dr. Ali Ahmad on the floor of the House.

Reading the resolutions of the House, the Speaker commend the state government for its vision conceptualising the stimulus acceleration plan and proposing various projects that will improve on the lives of the people. According to the Media Aide to the Speaker, Adebayo Abdullahi, the detailed information requested for would assist the House to access the impact of the previous bonds accessed by the state government on the lives of the people of the state.

?

The House equally urged the Executive arm of government to furnish the legislature with detail information on the cost and locations of the projects to be executed under the proposed bond. The legislature also resolved to consult widely with members of their constituencies on the proposed bond so that they will be better informed and obtain their inputs on the proposed N20billion bond.

Members had while speaking on the proposed bond frowned at the Executive arm of government for not consulting with the legislative arm before citing projects in their constituencies. They said as representative of their constituents, they were better informed on the needs of their people and their inputs would help government to prioritise the needs of their people.

The Speaker while directing the Clerk to the House to communicate resolutions of the House to the State Governor said the House would not rush at taking a decision which according to him may affect the future generation. Besides, the state government has advised the state chapter of PDP to properly educate itself about government programmes instead of misleading the public.

In a statement issued in Ilorin, the state government condemned as misleading, a claim by the state publicity secretary of the PDP, Mr. Rex Olawoye, that it has taken up to five bonds in the last five years. The state government said the previous administration of Dr. Bukola Saraki obtained a N17b bond in 2009 to fund major infrastructure projects in the state which was paid off in August 2013.

Moreover, the state government wondered where the PDP got the figures of N23b and N30b bonds referred to in the said interview and advised the opposition party to seek clarification instead of misleading the public with phantom figures.

Setting the records straight, the state government said the proposed N20b, when approved, will be utilised for reviving ongoing projects on road, education, health, energy, water and sports as well as new ones that were stalled following the drop in FAAC allocation to the state from N3.2b monthly to N1.8b monthly. Stressing that the temporary reliance of the state government on federal government bail out funds for the payment of salaries was not peculiar to the state, the statement said many others, including those controlled by the opposition PDP, had received bailout for salary payment. Nevertheless, the statement stressed that the state government was one of those with the lowest levels of salary arrears.

Government also emphasised that the proposed N20b bond was a strong indication that the state economy was robust as no bank will lend money without demonstration of proven capacity to repay.

Source

 

Cloud Tag: What's trending

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

Economic And Financial Crimes Commission     Kanu Agabi     AIT Ilorin     Ethical College     Baakini     International Vocational Centre     Kwara Pdp     Isiaka Alikinla     Metro Park     Olanrewju Okanlawon Musa     Vasolar-Kwara Company Ltd     Mohammed Ibrahim     Alabi Lawal     Idowu Aremu     United Nigeria Congress Party     Yusuf Zulu-Gambari     Onikijipa     Ike Ekweremadu     Abdulkarim Adisa     Forgo Battery Company Limited     School Of Nursing     Muhammadu Buhari     Otoge     Kamaldeen Kehinde     Sheikh Ridhwanullah     Tunde Yusuf     April 11     Ajeigbe     Ibrahim Taiwo Road     Umar Ayinla Saro     Quran     Ajibola Ademola Julius     Zara Umar     Quareeb Islamic Association     Rotimi Atere     Toyin Sanusi     Madawaki Of Ilorin     Doyin Agbamu     Afonja     Kwara State Television (KWTV)     Kwara Central     Oke Sunna     NIRSAL     Siddiq Adebayo Idowu Salawu     Emir Of Lafiagi     T And K FOODS     PharmAccess Foundation     Zaratu Umar     Abiodun Abdulkareem     Tunji Moronfoye     Aminat Omodara     AGM Professional Services     Senate President     Abubakar Imam     Raji Ayodele Kamaldeen     Mohammed Katsina Ahmed     Waziri Yakubu Gobir     Lateef Alagbonsi     Share/Tsaragi     Marufat Oladosu     Henry Olaosebikan     KWSIEC     Olatunde Oyeyiola     Kamaldeen Gambari     Osuwa     Kayode Issa     SAPZ Project     Umar Saro     Radio Kwara     Tescom.kwarastate.gov.ng     Olufolake Abdulrazaq     AbdulRazaq AbduMajeed Alaro     Ahmed Dankaya     Demola Banu     Taibat Ayinke Ahmed     Plat Technologies Limited     Bola Ahmed Tinubu    

Cloud Tag: What's trending

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

Academic Staff Union Of Universities     Damilola Yusuf Adelodun     Wasiu Odewale     Hamid Bobboyi     Adewuyi Funmilayo     Curfew     Babata     Sidikat Akaje     College Of Health     Kayode Yusuf     Al-Ilory     Yetunde Balogun     Igbomina     Timothy Akangbe     S.O. Opowoye     Olaitan Buraimoh     Centre For Community Empowerment And Poverty Eradication     Mahfouz Adedimeji     Omotoso     Kayode Zubair     Henry Olaosebikan     Abdulrasaq Alaro     Baboko Primary School     Abdulrazak Shehu Akorede     Ilorin Emirate Stakeholders Forum     Tinubu Legacy Forum     Suleman Abubakar     Lai Mohammed     CBT     Kupchi Hosea Maxwell     Gbadeyan Gbadura Yomi     Balogun Fulani     Yunus Oniboki     Titus Ashaolu     Police Commissioner     Omotosho     Basit Olatunji     Tsaragi     Wole Oke     All Confederation Of Principals Of Secondary Schools     Rapheal Ashaolu     Computer Based Test     Rihanat Ajia     Kwara State Government     Ibrahim Sulu Gambari     Saliu Mustapha     Tunde Mukaila Mustapha     Christopher Ayeni     Suraj Tunji Oyewale     Flights To Ilorin     Laduba     Apado     Tosin Saraki     Busari Alabi Alausa     Jelili Yusuf     Ilorin Emirate     Societe Generale Bank Of Nigeria     ARMTI     Ilorin     IFK     Pilgrims Board     Abdulmumini Sanni Jawondo     Lanre Olosunde     Modibo Kawu     Bluenile Associates     Olanrewju Okanlawon Musa     Dar-Al-Handasah Consultants     Abdulganiy Abimbola Abdussalam     Abioye Bello     Kola Adesina     Abdullahi Dasilva Yussuf     Alikinla     Funke Adedoyin     Lawan     Yusuf Ibitokun Sherifat     Adeniyi Ojo     Oja-Oba