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.

Okin Group     Alabi Olayemi Abdulrazak     Oro Grammar School     Aremu Bose Deborah     Rebecca Olanrewaju     Senate     Abdulrahman Abdulrasak     Suleiman Rotimi Iliasu     Abdul-Rahoof Bello     Kwara State University Of Education     Illyasu Abdullahi     Chief Of Staff     UITH     Prince Bola Ajibola     Mahee Abdulkadir     Usman Alkali Baba     Abdulrazak Shehu Akorede     Zulu Gambari     Kwara State Health Insurance Agency     Tsaragi     Bolakale Saka     Kwara Apc     Yusuf A. Usman     Babatunde Ishola Babaita     Rotimi Samuel Olujide     VADA     Ilesha Gwanara Road     Ayegbeni     Amada Jidda     Millennium Development Goals     Toyin Sanusi     Adamu Ibrahim Sabi     Quareeb     Magaji Erubu     Gafaru Olayiwola Olorisade     Www.Kwarareports.com     Olomu Of Omu-Aran     Unilorin FM     Ishola Abdullahi     Hijaab     Twitter     Jumoke F. Ajao     Tinubu     Lawal Olohungbebe     Mustapha Olanipekun     Chemiroy Nigeria Limited     Principal Private Secretary     Ibrahim Agboola Gambari     Bola Tinubu     Abdulkadir Jimoh     Neo Mundo Ltd     Abraham Ojo     Javed Khan     Waheed Ibrahim     Isiaq Khadeejah     Kwha.gov.ng     Tafidan Kaiama     Adedayo Yusuf Abdulkareem     Sa\'adu Salau     Segun Adeniyi     Ope Saraki     Bayer AG     Jumoke Monsura Gafar     Shururat Olatinwo     Dan Iya     Rabiu Kwankwaso     Fatimat Saliu     Standard Organization Of Nigeria     Bamikole Omishore     Cornelius Adebayo     Makama Of Ilorin     Chartered Institute Of Personnel Management Of Nigeria     Saraki     Ilorin South     Haliru Yahaya     Umar Ayinla Saro     Bankole Omisore    

Cloud Tag: What's trending

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

Mahfouz Adedimeji     Neuropsychiatric Hospital     Harafat E. Mukadam     Yaman     Countryside Emerging Leaders Fellowship     Kwarareports.com     Yemi Osinbajo     Ronke Adeyemi     Ibrahim Abdulqadir Abikan     Haleeman Salman     Tsaragi-Share     Ibraheem Abdullateef     Yoonus Lawal     Trader Moni     Yusuf Olaolu Ali     Sobi Specialist Hospital     Olatunji Ayeni     Abubakar Imam     Joseph Yemi Ajayi     Bayo Ojo     Sulyman Buhari     Goodluck Jonathan     KWASIEC     Al-Adaby     State Bureau Of Internal Revenue     Mary Kemi Adeosun     Oluwarotimi Boluwatife Adenike     Roseline Oni Aremu     Amina Susa\'a De Ahmed     Mahmud Ayinla Giwa     Joshua Adeyemi Adimula     Fola Consultant     Mohammed Abdulahi     Kayode Ibrahim     Abraham Ojo     Saheed Alakoso     Shao     Bukola Saraki     Amuda Bembe     Modibo Kawu     Funmi Salau     Ejidongari     Tunji Olawuyi     Raliat Elelu-Habeeb     Abubakar Abdullahi Bata     Kwara Primary Health Care Development Agency     Zainab Abass     Olatinwo     Share     Ahmed Mohammed Rifun     Eleyele     Ilorin International Airport     Agbarigidoma     Rabiu Kwankwaso     Peter Amogbonjaye     Seed Technologies     Adewuyi Funmilayo     Akande Idowu Ayoola Muhammed     Ahmed Bolaji Nagode     Ahmad Lawan     Victor Gbenga Yusuf     James Kolo     EFCC     Omotosho     UNILORIN Alumni Association     Ebola     Clara Nwachukwu     Kwara NIPR     Baaziki Sulaiman     Dan Masanin     Eleja     Owo Isowo     Donatus Ejidike     Memunat Monsuma     Kayode Bankole     Sulyman Abdulkareem     Rebecca Bake