I inherited N59.6b local debt, N48.6 foreign loans - AbdulRazaq

Date: 2019-07-06

Kwara state Governor AbdulRahman AbdulRazaq has given the local debt profile his administration inherited from the past government at N59.6 billion (N59,585,637,336.62).

The governor added the indebtedness was at May 29th, 2019, his Chief Press Secretary, Rafiu Ajakaye told our correspondent exclusively in Ilorin, the state capital.

Ajakaye added as at December 2018, the new administration inherited a sum of N48.6 million (N48,599,040.43) as foreign loan also bequeathed by the past administration.

AbdulRazaq had earlier revealed that Universal Basic Education Commission (UBEC) blacklisted the state because immediate Governor AbdulFatah Ahmed government mismanaged the N1.5 billion grant meant to upgrade schools in Kwara in 2013.

This, according to the government, necessitated the ban placed on Kwara state by UBEC in accessing grant from the commission.

But the former governor Ahmed refuted claims his administration mismanaged UBEC counterpart funds.

Ahmed's spokesman, Dr Muyideen Akorede, absolved former Governor Ahmed's administration of any wrongdoing regarding the management of UBEC funds.

He maintained that the federal agency essentially cancelled a N2 billion grant to the state when the government borrowed from UBEB its 50 percent cent counterpart fund of N1.5 billion for the payment of salaries at the height of the 2015 economic recession which prevented most states in Nigeria from meeting salary obligations to workers.

But Governor AbdulRazaq said: "we regret to say that the last administration cannot be forgiven for the criminal neglect of the schools because the consequences are there for all to see."

He added that Governor Abdulfatah Ahmed's response to the outrage greeting the diversion of N1.5 UBEC funds has raised more questions on the sordid neglect of public schools under him.

He said that Ahmed's statement that claims that funds weren't diverted or mismanaged hold no water in the face of revelations from UBEC and the decrepit state of the schools.

The government said the mismanagement is apparent in Kwara ranking 37th - or the lowest - on the list of UBEC Matching Grant Disbursement Performance as at April 30, 2019.

The government said Ahmed's claim that his government used the N1.5 billion to pay workers' salary was untenable and fishy for an administration that received N22 billion Paris Club refund and additional N3.4b billion bailout funds that were meant to help states pay workers when federal allocation dropped.

 

Cloud Tag: What's trending

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

Taofeeq Olateju     Fatai Olodo     Third Estate     KWAFFA     Adamu B. Yaqubu     Mansurat Amuda-Kannike     BECE     Kwara State Geographic Information Service     Mahee Abdulkadir     Police Commissioner     Garba Dogo     Bareke     John Obuh     Segun Adeniyi     Isapa     Toyin Sanusi     Imam Gambari     Adanla-Irese     Olatunji Ibrahim     Rapheal Ashaolu     Oyun     Alaaya     Mustapha Akanbi     Oyelere Oyinloye     TESCOM     Hakeem Lawal     Quareeb     Adamu Jemilat-Baki     TVC Female National Debate     Prince Sunday Fagbemi     Tescom.kwarastate.gov.ng     Gbemisola Saraki     Fatai Garuba Labaka     Mutawali     Yusuf Abdulkadir     Soffiyyallah Kamaldeen     Ojuekun Sarumi     Yaman     Maryam A. Garuba     Ilorin Emirate Staff Association     Lai Gobir     Abdulrahman Abdulrazaq     Segun Ogunsola     Hassan Abdulazeez Elewu     Kwara Basketball Association     Alimi     Amuda Aluko     Women Radio     Tanke     Mufutau Gbadamosi Esuwoye     Ibrahim Labaika     Abdulwahab Olarewaju Issa     Sanitation Exercise     Henry Olaosebikan     Malete     NFAI     Niyi Osundare     Onikijipa     Tsaragi/Share     Chartered Institute Of Personnel Management Of Nigeria     Simon Sayomi     Yahaya Abdulkareem Babaita     Bolakale Kawu Agaka     Mohammed Danjuma     Kaosarah Adeyi     Toyin Olayinka Tejidini     Funmilayo Mohammed     James Ayeni     Durbar Festival     Adebayo Salami     Isiaka Alikinla     Oyedepo     AGF Abdulrazaq     Students Union Government     Kwara State Polytechnic     Adaramaja     SWAN    

Cloud Tag: What's trending

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

Amule     Orire     BECE     Adesina Simon Sodiya     General Tunde Idiagbon International Airport     Ganmo Electricity Sub-Station     Oba Abu     Iqra Books     Abdulkarim Adisa     Alaro     Mohammed Alabi Lawal     Funke Adedoyin     Balogun Fulani     Agbarigidoma     Hameed Oladipupo Ali     Savannah Centre For Diplomacy, Democracy And Development     Omotoso     Aliyu Kora-Sabi     Ayo Opadokun     Olajumoke Monsura Gafar     Kwara State Fish Farmers Association     Saka Aleshinloye     Sidikat Akaje     KWASSIP     PharmAccess Foundation     Hajj     Durosinlohun Atiku     Nnazua     Al-Adaby     Saidu Isa     Tosin Saraki     Agboola Babatunde     HAMFAT Clinic And Maternity     Funmilayo Isiaka Oniwa     Dar-Al-Handasah Consultants     Lanre Issa-Onilu     Ilorin General Hospital     Opolo Global Innovation Limited     Yusuf Abdulwahab     ASKOMP     Abubakar Usman Jos     COEASU     Oloye     Sardauna Of Ilorin     Quranic Recitation Competition     Samuel Elizabeth Keatswa     Quran     Jalala     Post-utme     New Naira Notes     Isiaka Gold     Igbaja     Abdulmajeed Wahab     Yunus Oniboki     Sola Saraki Educational Foundation     Adesoye     Yemi Sanni     Arandun     Bolaji Nagode     Bio Ibrahim     Ubandoma     Yusuf Mubarak     Trade Lenda SME Fair     Ajase-Ipo     Mamman Saba Jibril     Mohammed Jimoh Faworaja     NSCIA     Segun Abifarin     Mohammed Khadijat Kubura     Joseph Yemi Ajayi     NaAllah     FOMWAN     Daud Adeshola     Tunde Mukaila Mustapha     Ayoade Akinnibosun     Mahmud Durosinlohun Atiku     Ibrahim Labaika