LP Criticises Kwara Govt's Plan to Access N20bn Loan

Date: 2015-12-30

The Kwara State chapter of Labour Party (LP) has criticised the Governor Abdulfatah Ahmed administration's plan to access fresh N20 billion bond from the capital market.

The party made its position known in a letter addressed to the Speaker of the state House of Assembly, which was made available to the News Agency of Nigeria (NAN) in Ilorin on Tuesday.

The letter, dated December 28, was signed by the state Chairman of the party, Mr. Johnson Babalola, and Secretary, Mr. Abdulkareem Onagun. It said the letter was the party's contribution to the public hearing on the plan of the government to access N20 billion from the capital market.

The state assembly had scheduled a public hearing on the plan for Friday, December 18, but later changed the meeting to December 19 for an interactive session with the governor.

During the interactive session, only the governor addressed the people on the need for the bond. The party, however, expressed disappointment over the last minute cancellation of the public hearing on the matter.

According to the party, there is no rationale for the state to access the fund considering that the people are still suffering from previous loans obtained by the government.

It said: "LP sees the request for another bond as additional burden on the people of Kwara State considering the fact that repayment of the previous bonds has not fully been settled." It advised the governor to adopt the strategy of President Muhammadu Buhari to block all revenue leakages and recover looted funds in Kwara.

The party said that projects listed to be funded through the bond could easily be financed without throwing the state into another debt if government judiciously utilised its resources. According to LP, there is no reason for the state government to take a loan to finance federal roads and projects in the state.

"The party advises the Kwara State Government to come up with a comprehensive list of federal roads that are in bad shape and make strong recommendation to the federal government instead of shouldering the burden," it said.

The party advised the state government to seek public-private partnership in the funding of some critical infrastructure. It called on the government to look inward and harness the potential of the state, especially in agriculture and solid minerals sectors.

"The party wants the issue of unpaid salaries of workers, especially those in the local government, agencies and tertiary institutions, to be fully resolved without further delay," the party said.

 

Cloud Tag: What's trending

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

Joseph Daudu     Tanke Flyover Bridge     National Association Of Nigerian Students     Nigeria Governors\' Forum     KWSUED     Saad Omo Iya     Saadu Yusuf     New Naira Notes     Woro     Ajike People Support Centre     Ganmo     Mazars Consulting     Afeyin-Olukuta     Lawal Arinola Kudirat     Muhammad Sirajo Aliyu     Abdullateef Abdussalam     Chief Of Staff     Madawaki     Salman Alada     Alloy Chukwuemeka     Wahab Isa     Jumoke F. Ajao     Kolawole Akande     Earlyon Technologies     Biliaminu Aliu     Col. Taiwo     Sulu Babaita Isiaka     Olugbense     AGF Abdulrazaq     Bola Olukoju     Damilola Yusuf Adelodun     Sidikat Uthman Ajibola     Academic Staff Union Of Universities     Suleman Abubakar     Roseline Oni Aremu     Dan-Kazeem     Kwara Teaching Service Commission     Monthly Sanitation     Folorunsho Erubu     Kwara State Branch Of The National Library     Abdulganiyu AbdulAzeez     Ayodele Olaosebikan     Gbenga Awoyale     A.O. Belgore     Muhammad Mustapha Suleiman     Ahman Pategi     Abiodun Oyedepo     Tunji Folami     Hikmah AbdulKareem     Ayinde Oyepitan     Sambo Murtala     First Lady     Orisa Bridge     Okin Biscuits     ER-KANG Mining     Ahmad Uthman     Alumni Association Of The Federal Polytechnic Offa     Okanlawon Musa     College Of Education     Hassan Abdulazeez Elewu     Simeon Sayomi     EndSARS     Micheal Imoudu     Young Progressives Party     Towoju     Yahaya Jibril Usman     Plat Technologies Limited     Abdulkadir Akanbi-Oke     Lanre Issa Onilu     Modibbo Kawu     Playing Host     Bola Iyabo Ibiyeye Adisa     Ibrahim Jawondo     AbdulKareem Yusuf Danhawa     Abdulsalam Firdaous Amosa     Tunji Ajanaku     Abdulmajeed Wahab    

Cloud Tag: What's trending

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

Sadiq Buhari     Kwara     Abdulkadir Akanbi-Oke     Balogun Ajikobi     Bello Oyebanji     Ariyo     Fatai Adeniyi Garba     Umar Gunu     Victor Gbenga Yusuf     Igosun     Abdulrasheed Akogun     Ogidi-Oloje     MAI Akande     CUTI     Emir Of Kano     Wahab Egbewole     Mahee Abdulkadir     Oyedun Juliana Funke     Usman Alkali Baba     Saka Abimbola Isau     Abdul Jimoh Mohammed     CELF     Kwara Liberation Group     Sabo-Oke     Taofeek Sanusi     Najim Yaasin     Bio Ibrahim     Simeon Ajibola     Hydro-electric Power Producing Areas Development Commission     Abatemi Usman     Adanla-Irese     Tope Daramola     Saka Balikis Kehinde     Sobi FM     Rafiu Ibrahim     Taiwo Joseph     Ibrahim Abdullahi     Ajibike Katibi     Saka Keji     Laduba     Quarry Royal Valley     Olaiya Zuberu     Bola Ahmed Tinubu     Azeez Bello     AbdulHakeem Ajibola Akanbi     Zulu Gambari     Kawu Baraje     Sheu Ndanusa Usman     Yemi Sanni     Goodluck Jonathan     David Oyerinola Adedunmoye     Turaki     Sobi Hill     Imodoye Writer’s Enclave     Yusuf Olaolu Ali     Idris Amosa Oladipo Saidu     Tunji Moronfoye     Moro     Abdulwahab Oba     Yahya Mohammed     Dairo Kunle Paul     Mustapha AbdulGaniyu     Yashikira     Adamu Attah     Aminat Ahmed     Hikmah AbdulKareem     Belgore     Hussein Oloyede     Societe Generale Bank Of Nigeria     Dele Momodu     Sunset Workers     Radio Kwara     Atiku Abubakar     Abraham Ojo     ASMAU PLAZA     Abdulazeez Uthman     Solomon Edojah