Ad, acn kick against Kwara's N10b loan

Date: 2012-01-24

The Action Congress of Nigeria (ACN) joined yesterday the Alliance for Democracy (AD) to caution the Kwara state government against obtaining a N10 billion loan it says is needed to undertake some key projects across the state. AD had , at the weekend argued that the loan, which was approved by state legislatures after deliberations last week, was premature coming on the heels of a recent allocation of huge sums to states of the federation. The Kwara State House of Assembly had last week approved the loan after deliberations on a letter from Governor Abdulfattah Ahmed which requested the lawmakers' approval of the loan sourced from a commercial bank to finance some projects initiated by the immediate past administration of ex-governor Bukola Saraki. The lawmakers were of the opinion, during the debate, that the money would come in time to help execute projects with direct benefits to Kwarans. Projects to be financed by the loan, according to the letter read on the floor of the House, include Vocational Centre at Ajase Ipo, Kwara State University, Cargo Terminal, Metropolitan Square, Ilorin Metropolis Water Reticulation Projects, Ultra Modern Diagnostic Centre and International Aviation College, Ilorin. But the AD in a statement by its state chairman and secretary, Buliaminu Aliu and Michael Ologunde respectively said there was no need for the loan and if indeed there was a need, the government must indicate a practical breakdown of how it would be expended in order to secure public support for the move. Yesterday, the ACN issued a statement on the loan which it descried as dubious, sheer profligacy and disrespect for the Kwara public. The statement was signed by the party's state chairman, Mr. Kayode Olawepo. The statement reads: "We wish to dismiss as sheer profligacy and disrespect for the Kwara public the decision of the PDP government in the state to borrow N10 billion to, as they claim, sponsor some phoney developmental projects. The hurried manner with which the PDP-dominated House of Assembly rushed to approve the request, without any thorough debate or committee works, raises many questions. "In the first three months of Ahmed's government, between April and June, Kwara alone got more than N16b as federal allocations. Triple that amount has accrued to the state since then; yet, the dearth of infrastructural, for which Kwara is notorious, remains just as bad. We cannot pin those huge funds down to any appreciable capital projects executed by this administration. "Yet the exact debt profile of Kwara remains the exclusive knowledge of PDP power brokers. Apart from the undisclosed debt profile, the Kwara people, through this administration, are currently servicing the repayment of N17b bond the Saraki administration raised in the guise of providing infrastructure."

Source

 


Cloud Tag: What's trending

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

Ahmed Mohammed Rifun     Esuwoye     Oba Abdulraheem     Oba David Oyerinola Adedunmoye     Niyi Osundare     KwaraLearn     MATTA Girls Foundation     Lithium     Ilorin West/Asa Federal Constituency     Abdulkadir Bolakale Sakariyah     Aminu Adisa Logun     Abdulfatai Baakini     Post-utme     Tunde Oyawoye     Shehu Alimi Foundation     Razaq Ayobami Akanbi     NITDA     Segun Adeniyi     Ayo Opadokun     Omoniyi Ayinla     NSCIA     Zaratu Umar     Kwabes     Isiaka Danmeromu     Sarah Alade     Aso Ofi     Olatunji Ayeni     Idris Garuba     Olawuyi     Elerin Of Adanla     Press Release     Lai Gobir     Demola Banu     Third Estate     Matthew Okedare     Forgo Battery Company Limited     Segun Abifarin     Aishat Sulu-Gambari     Osuwa     Yakubu Gobir     Baba Idris     First Lady     Seun Bolaji     Lafiagi     Timothy Akangbe     Christopher Odetunde     Fulani     Pakata     Gabriel Fashanu     Yusuf Amuda Abubakar     Kunle Suleiman     Ibrahim Issa Jetti     Arik     Facebook     Ajase-Ipo     Salihu Jibril Garbi     Kwara TV     VADA     AbdulQowiy Olododo     Principal Private Secretary     CBT     Lawal Olohungbebe     Marufat Oladosu     Umar Ahmed Gunu     Eleja     Hussein Olokooba     KWASEIC     Iponrin     Kwara Polytechnic     Gbajabiamila     Local Government     Fareedah Dankaka     Toyin Saraki     Idowu Aremu     Y.A. Abdulkareem     Laolu Saraki     Maigida    

Cloud Tag: What's trending

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

MATTA Girls Foundation     Ajibola Ademola Julius     Abdulhakeem Adelaja Amao     Clara Nwachukwu     Erubu     Zara Umar     Bolaji Aladie     Kwara State Branch Of The National Library     Ebola     Islamiya Abdulraheem     Universal Basic Education Commission     Taofik Abiodun Ahmed     Opobiyi     Owode Market     Mubarak Oladosu     Aliyu Muyideen     Aiyedun     Bisi Oyeleke     Mumeen Lah     Ariyo     Solomon Edoja     Ojuekun Sarumi     Abdulrazak Shehu Akorede     Ilorin Water Reticulation     Transition Implementation Committee     Abdulrauf Yusuf     Assayomo     Sola Saraki University     Tayo Alao     Oniwasi Agbaye     Kwara Primary Health Care Development Agency     Lola Olabayo     Abdulrazaq Magaji     Sarkin Malamai     Rabiu Kwankwaso     GGDSS Pakata     Seed Technologies     Sheikh Alimi     Sheriff Olanrewaju     Hussein Olokooba     Charcoal     Bareke     KWASEIC     Kabir Shagaya     Kwara State Coalition Of Business And Professional Associations     Government High School (GHS), Adeta     Seni Saraki     Riskat Opakunle     Okin Group     Muritala Olarewaju     Saad Belgore     ENetSuD     Fola Consultant     Wahab Egbewole     Tunde Oyawoye     Jalala     Abdulrazaq Solihudeen     Sun Qing Rong     Iyaloja-General     Yahaya Dumoye     Kwara Muslim Pilgrims Welfare Board     Okin Biscuits     Oba Abu     Playing Host     Joseph Yemi Ajayi     Folorunsho Alao     Kola Bukoye     Abdulwahab Olarewaju Issa     Bola Tinubu     Sambo Murtala     Ileloke     Minister     Umar Danladi Shero     Dauda Adesola     Kwara United     Trade Lenda SME Fair     Yakubu Danladi