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.

Raji AbdulRasaq     Funmilayo Mohammed     Bluenile Associates     PAACO-PCL Consortium     Olokoba Abdullahi Ayinla     Offorjama     Matthew Okedare     Samuel Adedoyin     Habeeb Saidu     Bisi Kristien     Yusuf Zulu-Gambari     Abiodun Jacob Ajiboye     Baba-Isale     Funmilayo Braithwaite     Galadiman Ngeri     John Mayokun Dada     Dorcas Afeniforo     Makama Of Kaiama     Seni Saraki     Dankaka     Tunji Folami     UNILORIN Alumni     Waheed Ibrahim     Yusuf Lanre Badmas     Kwarareports.com     Ahmed Idris Mohammed     Hakeem Idris     Kwara State Sports Commission     Baba Idris     CCB     TIC     Saad Omo Iya     Usman Rifun     Y.A. Abdulkareem     Emir Of Shonga     Iqra Books     Folorunsho Alao     Lateef Alagbonsi     Ridwan Agboola     Kulende-UITH     Buhari     Olumide Daniel Ibitoye     Yinka Aluko     Mike Omotosho     Saraki     Bola Olukoju     UNILORIN Alumni Association     Mohammed Jimoh Faworaja     Yakub Lai Gobir     Adedeji Onimago     Makama     Sa\'adu Salau     Obuh     Smart School     Oba Mogaji Abdulkadir     Abdulmumin Yinka Ajia     Idi-Ape     Haruna Olawale Sulaiman     Suraj Tunji Oyewale     Mohammed Danjuma     Oyelere Oyinloye     Sheikh Alimi     Abdulrahman Abdulrazak     Nagode     Abubakar Atiku     General Hospital     Hamza Usman     Afolasade Opeyemi Kemi     Ghali Alaaya     Javed Khan     Shehu Adaramaja     Solomon Edoja     Kazeem Adekanye     Kannike     Ilesha-Baruba     Yakub Ali-Agan     VADA    

Cloud Tag: What's trending

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

Emir Of Shonga     Titus Ashaolu     Abdulraheem Olesin     MalHub     CLAY POT     Ubandoma     Yakubu Shaaba     Abdulmalik Bashir Mopelola Risikatullahi     Moses Adekanye     Lateef Fagbemi     Christopher Tunji Ayeni     Imodoye Writer’s Enclave     Odogun Olushola Gabriel     Elerin Of Erin-Ile     Abdulkarim Adisa     Government Girls’ Day Secondary School Pakata     Dumagi     Micheal Imodu-Ganmo Road     Omotoso     AbdulKareem Yusuf Danhawa     Barakat Community Secondary School     Bature Bello     AbdulRazaq Jiddah     Ajeigbe     Islamic Development Bank     Kola Olota     Ahmad Belgore     Rasheed Jimoh     Mahmud Ajeigbe     Ijagbo     Share     Frootify     Shehu Alimi Foundation     Is\'haq Modibbo Kawu     Bisi Oyeleke     Code Of Conduct     Centre For Community Empowerment And Poverty Eradication     Sayomi     Olohungbebe     AGM Professional Services     Edu     Shao     Abdulfatah Ahmed     Stephen Fasakin     Muritala Olarewaju     Nigeria Customs Service     Riskat Opakunle     SUBEB     Neuropsychiatric Hospital     NNPP     Elelu     Kamaldeen Gambari     Dauda Adesola     HYPPADEC     Aisha Buhari     Dairo Kunle Paul     Dan Masanin     Afolayan     Kehinde Baale     Ayo Adeyemi     Saad Omo Iya     Towobola Abdulrahman Toyin     Fareedah Dankaka     Yahaya Dumoye     Alabi Olayemi Abdulrazak     Modibo Kawu     Ajasse-Ipo     Muslim Stakeholders Of Kwara State     Idowu Laro     Timothy Olatunde Fadipe     Akom Construction And Engineering Synergy Ltd     Isiaka Rafiu Mope     Ojo Fadumila     Dorcas Afeniforo     Arca Santa     State Bureau Of Internal Revenue     Jawondo