Controversies trail Kwara N10b credit facility

Date: 2012-02-01

The express approval granted Kwara State Governor AbdulFatah Ahmed by the state House of Assembly to access a credit facility of N10billion from a new generation bank has continued to generate mixed reactions. While the ruling Peoples Democratic Party (PDP) in the state backed the state government's move, the opposition parties' leaders are kicking.

The House had, last week, approved the request of Ahmed to draw N10billion credit facility from the bank.

Projects to be financed by the loans according to the letter read on the floor of the House, include a Vocational Centre at Ajase Ipo, Kwara State University, Malete, Cargo Terminal, Metropolitan Square, Ilorin Metropolis Water Reticulation Projects, Ultra Modern Diagnostic Centre and International Aviation College, Ilorin.

"How can anyone question the importance of the rehabilitation of hospitals, the establishment of an international vocation centre to empower our youths for employment as well as the completion of the Ilorin Metropolis Water Reticulation Project Phase One of which has been completed and is being enjoyed by the people of Kwara State" asked the party's publicity secretary Alhaji Mas'ud Adebimpe.

The Alliance for Democracy (AD) in the state opposed the idea coming at a time huge allocations from the Federation accrue to the state government.

The duo of AD chairman and secretary, Buliaminu Aliu and Michael Ologunde 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.

They said: "The news that Governor Ahmed wants to borrow N10 billion on behalf of Kwarans came to us as a rude shock. The governor's step to borrow such a huge amount of money is premature because the Federal Government had recently announced the release of N559.1 billion as December 2011 monthly allocation to both states and local government areas in Nigeria.

"Certainly over N10 billion will be Kwara State's after sharing. We also learnt that Kwara state government got about N9 billion as November 2011 allocation which means that the state government is richer by N20 billion or so within two months. Then, why should our governor want to borrow N10 billion?

"We remember that the former governor borrowed N9 billion towards the tail end of his tenure to execute certain projects. We believe Ahmed is not borrowing the N10 billion to complete or execute the same as his predecessor had earlier done. This is because the projects are still new and covered by guarantee. The AD Kwara chapter urges the governor to stop the idea of borrowing N10 billion on behalf of the good people of the state.

"We also appeal to members of the Kwara state House of Assembly to reject, instantly, such proposal from the governor."

Reacting to the development, the state Action Congress of Nigeria (ACN), through its chair, Kayode Olawepo, said a resounding no to the loan.

Olawepo said: "We wish to dismiss as dubious, sheer profligacy and mindless disrespect for the Kwara public the decision of the illegitimate PDP government in the state to borrow N10billion 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".

Source

 


Cloud Tag: What's trending

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

Abdullahi Dasilva Yussuf     KWTV     Ogbondoroko     Oluranti Idowu     Oyawoye     Sarkin Malamai     Kazeem Oladepo     Oke-Kura     Vasolar Consortium     Charles Ibitoye     Wahab Issa     Samuel Elizabeth Keatswa     The Herald     Kwara State Branch Of The National Library     Hassanat Bello     ITP     Kwara State Television (KWTV)     Khairat Gwadabe     Illyasu Abdullahi     Olokoba Sulyman     Eleyele     Kayode Alabi     Ilorin East/South Federal Constituency     Shao     Abdulkadir Bolakale Sakariyah     Ridwan Agboola     Ayodele Olaosebikan     Olohungbebe     Valsolar Consortium     Olufolake Abdulrazaq     Abubakar Olusola Saraki     Dumagi     Code Of Conduct Bureau     Vasolar Consultoria     Millennium Development Goals     CT Ayeni     Sa\'ad Alanamu     Imam Gambari     Lawal Jimoh     Lanre Aremu     Special Agro-industrial Processing Zone     Ilorin     Oluwarotimi Boluwatife Adenike     Pakata Development Association     Aminat Ahmed     Tunji Olawuyi     Idris Garba     Abdulrasheed Lafia     Omoniyi Ayinla     Abubakar Ndakene     Saka Asiat Ayinke     Dar-Al-Handasah Consultants     Aisha Gobir     IESA     Modupe Oluwole     Gobir     Umar Danladi Shero     Kayode Laro     Isiaq Khadeejah     Ibraheem Adeola Katibi     Sambo Murtala     Hamid Bobboyi     Arandun     Abdulganiyu AbdulAzeez     Malete     Sa\'adu Gambari     COVID-19 Palliatives     Ishaq Salman     Khadijat Ayoola Yusuf     Bilikisu Gambari     Abdulsalam A. Yusuf     Clement Yomi Adeboye     Aro Yahaya     David Oyepinola Adedumoye     Moses Salami     Oba-Solagberu     IHS Towers    

Cloud Tag: What's trending

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

Ghali Muhammed     Shehu Salau     Federal College Of Education (Special), Afon     Kannike     Summit University     Lukman Adeloyin     Muyideen Ajani Bello     Oro Grammar School Old Students Association     Abdulmumin Yinka Ajia     Lucky Omoluwa     Okanlawon Taiwo     Funmilayo Braithwaite     Tsaragi-Share     Issa Oloruntogun     Abegunde Goke     Adamu Ibrahim Sabi     Inside Kwara     Atunwa     ASKOMP     Funmilayo Mohammed     Sarah Alade     Salary     Yusuf Abdulkadir     Paul Odama     Special Agro-industrial Processing Zone     Ishaq Abdulkarim     Abdulmalik Bashir Mopelola Risikatullahi     Adamu Atta     Umar Adelodun     UTME     Muhammadu Buhari     HAMFAT Clinic And Maternity     Fatima Abolore Jimoh     Jimoh Bashir     Kemi Adeosun     Omoniyi Ayinla     Kwabes     Aliyu Muhammad Saifudeen     Iyeru Grammar School     Goodluck Jonathan     Geri-Alimi Split Diamond Interchange     Senate     Mustapha Akanbi     Salman Suleiman     Obasanjo     ASUU     Buhari     Gurei     Wasiu Odewale     Ijagbo Health Centre     Haliru Dantoro     Owo Isowo     Yusuf Amuda Abubakar     University Road     General Hospital     Jare Olatundun     Mope Dasuki Belgore     Abdulazeez Arowona     Reuben Paraje     Kayode Laro     AbdulRasaq Abdulmajeed Alaro     Niguel Gallando Marcias     Binta Abubakar Mora     Ibrahim Mohammed     Aliyu Kora-Sabi     KWTV     Abdulmutalib Shittu     Senate President     UNILORIN Alumni     SSA Youth Engagement     Vasolar-Kwara Company Ltd     Aliyu Muyideen     Voices Of Tomorrow     Idris Amosa Oladipo Saidu     Ahman Patigi     Lola Olabayo     Abdulrazaq Magaji