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.

Moshood Mustapha     Wole Oke     Alabi Lawal     Mukhtar Shagaya     Elerinjare     Toyin Sanusi     Gobir Organization Foundation     Bayo Onimago     Afeyin-Olukuta     Muhammed Danjuma     Olubukola Kifayat Adedeji     Fatimah Abdulkadir     Moses Afolayan     Olushola Saraki     Elerinjare-Ibobo     Abiodun Musa Aibinu     Elerin Of Erin-Ile     Elewu     Yakub Lai Gobir     Tunde Oyawoye     Razak Atunwa     Jelili Yusuf     Ojuekun     David Oyerinola Adedunmoye     Jimoh Olusola Imam     Aishat Mohammed Lawal     Bayo Ajia     National Pilot     Iponrin     Abubakar Abdulraheem     Vishvas KOZ Tractors     Yusuf Badmus     Bashiru Makama     Samuel Adaramola     Funmilayo Braithwaite     Pakata Patriots     Adeleke Ogungbe     Florence Saraki     James Ayeni     Hassan Abdulazeez Elewu     Yusuf Abdulkadir     Igosun     Ahmed Mohammed Rifun     Bashirat Bola Bello     Kwara     Rafiu Olasile     Kwara State Branch Of The National Library     Baboko Primary School     Toyosi Thomas     General Hospital, Offa     Ejidongari     Kwara State Government     Basic Education Certificate Examination     ER-KANG     Ajidagba     Mansurat Amuda-Kannike     Isin     Femi Ogunsola     Sarakite     Kwara Consultative Forum     GANZY     Aminat Omodara     Magaji Nda     IESA     Abubakar Atiku     United Nigeria Airline     Adesoye College     Onilorin Of Ilorin     Maryam A. Garuba     IFK     Jimoh Bashir     Ayodele Olaosebikan     Yusuf Amuda Aluko     Sidikat Akaje     Elese Of Igbaja     Mahe Abdulkadir     Tunde Idiagbon Road    

Cloud Tag: What's trending

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

Ishola Abdullahi     NYSC     Dasuki Belgore     Towobola Abdulrahman Toyin     Solomon Edojah     Dunmade     Ayinde Oyepitan     Harmony Holdings     Alapansapa     Dan Iya Of Ilorin     Ayodele Kuburat Olaosebikan     Sulyman Abdulkareem     Galland Marcias     Kwara Liberation Group     Yahaya Seriki     Kolade Solagberu     Hassanat Bello     Umar Ayinla Saro     Olushola Saraki     Otuka     Barakat Community Secondary School     GRA     John Kehinde Salako     Gabriel Fashanu     Abdulrazaq Magaji     Oba-Solagberu     Abdulmumini Jawondo     Jelili Yusuf     Razaq Atunwa     Ayobami Akanbi     Kayode Laro     Okanlawon Taiwo     Tafida Of Kaiama     Baruba     MAI Akande     Abdullahi AbdulMajeed     Isiaka Rafiu Mope     Yunus Oniboki     Abdulbaqi Jimoh     IQRA College     Garba Dogo     Ilorin Like-Minds     College Of Education     April 11     Kemi Adeosun     Ahmad Olanrewaju Belgore     Local Government     Bashiru Makama     Ayegbeni     Femtech     Abdulrahman Abdullahi Kayode     Timothy Olatunde Fadipe     Abiodun Jacob Ajiboye     Wahab Femi Agbaje     Oya State     Suleiman Alege Kuranga     Onikijipa     Oju Ekun Sarumi     Pacify Labs     Adedipe     Kwara State Council Of Chiefs     Obasanjo     Suleiman Ajadi     Amusa Bello     Halimat Yusuf     Kwara North     Monsurat Omotosho     Basic Education Certificate Examination     Ijagbo     Femi Ogunsola     Muyiwa Oladipo Kanu     Abdulrahman Abdulrasak     Yaru     Alaiye     Amule     Magaji Are     Saheed Popoola