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.

Adama Isa     Christian Association Of Nigeria     Tanke Flyover Bridge     Olosi Of Osi     Saheed Akinwumi     EFCC     AbdulQowiy Olododo     AbdulGafar Tosho     KFA     Asiwaju Bola Tinubu     Fatai Garuba Labaka     Wahab Egbewole     Hassan Oyeleke     Oye Tinuoye     Abdullahi Saadudeen Alikinla     Oyeyemi Olasumbo Florence     JSSCE     AbdulFatai Adeniyi Dan-Kazeem     Olaiya Lawal     Voices Of Tomorrow     Ibrahim Labaika     Mazars Consulting     Salmon Babatunde Salmon     Okin Biscuits     Isiaka Gold     Gbenga Olawepo     Solomon Edojah     IFK     Michael Ologundea     Sheriff Olanrewaju     Haliru Dantoro     Jumoke Monsura Gafar     IHS Towers     Harmony Holdings     College Of Education     Saidu Yaro Musa     Wasiu Onidugbe     Amule     Olokoba Abdullahi Ayinla     Bature Bello     Kamaldeen Ajibade     CBT     Odolaye Aremu     Oba Abdulraheem     Ibrahim Akaje     Mahe Abdulkadir     Smart School     Talaka Parapo     Abdulganiyu Oladosu     Kayode Oyin Zubair     Harrison Osauwagboe     Lanre Olosunde     Naira Redesign     Ramat Oganija     Federal Road Maintenance Agency     Tricycle Owners Association Of Nigeria     CCB     Ambassador Kayode Laro     John Olobayo     Mohammed Abdulahi     Rebecca Olanrewaju     Ilorin Innovation Hub     Hassan Taiye Salam     Sa\'adatu Modibbo-Kawu     Tunji Moronfoye     Adam Abdullahi Al-Ilory     Opobiyi     CELF     Chartered Institute Of Personnel Management Of Nigeria     Garba Ayodele Wahab     Bello Taoheed Abubakar     Bolakale Kawu Agaka     Iponrin     John Olajide Adedipe     Joana Nnazua Kolo     Sabo-Oke     Suleiman Abubakar    

Cloud Tag: What's trending

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

Alabi Lawal     Isiaka Oniwa     Taofik Abdulkareem Babaita     Ilorin Durbar     Bayer AG     Abdullahi Atanda     Gbajabiamila     State Bureau Of Internal Revenue     Usman Yunusa     Nigeria Customs Service     Sherif Sagaya     Ganmo Electricity Sub-Station     NYSC     AbdulHamid Adi     Okanlawon Taiwo     Okiki     Chief Imam Of Lafiagi     Oke-Ode     11th Galadima     Arca Santa     Musa Yeketi     Jawondo     General Tunde Idiagbon International Airport     Ridhwanullah Al-Ilory     Ahmad Belgore     Kwara State Printing And Publishing Corporation     Bashiru Makama     Road Transport Employers Association Of Nigeria     Iyaloja-General     Prince Bola Ajibola     Aishat Sulu-Gambari     First Lady     Aro Yahaya     Taofik Abdulkareem     Benin Republic     Nigeria Association Of Women Journalists     Rex Olawoye     Atiku Abubakar     Allocation     Offorjama     KWIRS     Moses Salami     M.Y. Abdulrahaman     Yakubu Gobir     Owo Isowo     Toyin Abdullahi     Aminu Adisa Logun     Sidikat Alaya     Jimoh Saadudeen Muhammed     Kubra Kazum     Ambassador Kayode Laro     Abdulkadir Remi Hawawu     Apado     Ahmad Olanrewaju Belgore     Sai Kayi     Paul Olawoore     Yusuf A. Usman     George Innih     Isin     Convocation Ceremonies     Yusuf Lanre Badmus     NIPR     International Aviation College     Habeeb Abdullahi Al-Ilory     Malete     National Union Of Road Transport Workers     Olomu     Amusa Bello     Arinola Lawal     Yakubu Mohammed Abdullahi     Ilorin Innovation Hub     Abatemi Usman     Dan-Kazeem     Abdulsalam A. Yusuf     Hassan A. Saliu     Bolakale Saka     Marafan Shonga