PDP queries Kwara govt's N5bn loan

Date: 2015-08-22

The Peoples Democratic Party in Kwara State has queried the rationale behind the state government's decision to borrow N5 billion to pay the arrears of local governments' staff salaries.

The state publicity secretary of the party, Rex Olawoye, made the observation in an interview in Ilorin.

Mr. Olawoye, therefore, challenged Governor Abdulfatah Ahmed to explain what the monthly Federal Allocations to the councils were used for.

He said the N3.5 billion federal allocation to the 16 local governments in the state for the month of June was adequate to offset the three months arrears of salaries allegedly owed council staff.

He said this was aside the state statutory allocation of N5.2 billion from the Federation Account for the same month.

"Once an organisation resorts to borrow to pay salaries, such organisation should be counting its days of collapse or bankruptcy.

"As much as it is good to pay salaries with borrowed money, how do you pay back the loan with the interest? Borrowing to pay salaries means postponing the evil days," Mr. Olawoye said.

Mr. Olawoye challenged Ahmed to tell the world what happened to the June allocations that should warrant his borrowing money for salaries.

The spokesperson gave a breakdown of the June allocation to each of the 16 councils to prove why it was needless for the APC-led state government to raise bond to pay salaries.

He said that Ifelodun got N266 million in June but only paid N65 million as monthly salaries.

He said even if the local government spent N195 million to offset three months arrears, it would be left with balance of N71 million for other services.

Mr. Olawoye said Asa got N202 million; Baruten, N323 million; Edu N253 million; Ekiti, N156 million; Isin, N157 million; Ilorin East, N232 million; Ilorin South, N234 million and Ilorin West, N279 million.

The others were Irepodun, N200 million; Moro N208 million; Kaima, N258 million; Offa, N186 million; Oke-Ero, N157 million; Oyun, N178 million; and Pategi, N213million.

Source

 

Cloud Tag: What's trending

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

Solomon Edoja     Umaru Saro     Air Peace     Rueben Parejo     Sulyman Atolagbe Alege     Bashirat Bola Bello     Oba David Oyerinola Adedunmoye     Suleman Abubakar     Abdulrazaq Aiyelabegan     Olanrewju Okanlawon Musa     Bayer AG     Kuliyan Geri     Jumoke F. Ajao     Afolayan     Joana Nnazua Kolo     Olajumoke Monsura Gafar     Eleja     Young Progressives Party     Dan Masanin     Kazeem Adekanye     Boko Haram     Prince Sunday Fagbemi     Abdulmutalib Shittu     Aliyu Olatunji Ajanaku     Khairat Gwadabe     Jimoh Bashir     Afolabi-Oshatimehin Adenike Harriet     Sarah Jubril     Nurudeen Muhammed     Mohammed Ibrahim     Muslim Media Watch Group Of Nigeria     Lanre Olosunde     Olayinka Are     Www.Kwarareports.com     Muhammad Yahya     Universal Basic Education Commission     Mukhtar Shagaya     Onilupeju Of Ilupeju     Hassan Saliu     Ayekale     Sango-UITH Road     Edu     VADA     KWACOBPA     Bio Ibrahim     Saliu Ajibola Ajia     Yahaya Seriki Gambari     Ijagbo Health Centre     KWASEIC     Kwara State Polytechnic     Saliu Shola Taofeek     Prince Bola Ajibola     Amos Sayo     Kwara TV     Police Commissioner     2017 Budget     Shoprite     Olatinwo     Owu Fall     Saba Jibril     Hakeem Lawal     Egbejila     Gbenga Awoyale     Sanitation Exercise     Abdulrahman Iliasu     Teachers Specific Allowance     Rafiu Ajakaye     Sobi Hill     Salihu Ajia     Raymond Olaitan     Wahab Kunle Shittu     Clara Nwachukwu     Issa Baba     Offa Metropolitan Club     Trade Lenda SME Fair     Joseph Alex Offorjama     Moronfoye    

Cloud Tag: What's trending

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

Adamu Atta     Aliyu U. Tilde     Okeose Christian Cementary     Leke Ogungbe     Oke-Ero     IQRA College     Kubra Kazum     Saka Saadu     Gobir Organization Foundation     Olusola Saraki     Prince Sunday Fagbemi     Radio Kwara     Abdulmutalib Shittu     Abdulrahman Abdulrazak     Ibikunle Ogunleye     TESCOM     Iyabo Adisa Ibiyeye     QuickWin     Abdulrahman Onikijipa     Amina El-Imam     Kwara State Council Of Chiefs     Jimba Babatunde     Afolasade Opeyemi Kemi     Ahmed Dankaya     Mohammed Haruna     Garba Dogo     Maja     FOMWAN     Shoprite     Law School Scholarship     SWAN     Moses Rahman Popoola     Olatunji Bamgbola     Ejidongari     Aliyu Olatunji Ajanaku     Saliu Ajia     Tuesday Assayomo     Ambassador Kayode Laro     Marafan Shonga     All Peoples Party     Aliyu Muhammed     Oyeyemi Olasumbo Florence     REO CAKES     Kwara 2023     Amos Sayo     Joseph Daudu     Nigeria Governors\' Forum     Shonga     Binta Abubakar-Mora     Makama     ARMTI     Jamila Bio Ibrahim     Dar-Al-Handasah Consultants Ltd     Kamoru Kadiri     Mahmud Ayinla Giwa     Aminu Ado Bayero     Olayinka Jelili Yusuf     Jimoh Bashir     Saidu Kawu     ENetSuD     Kwara State Fire Service     Moshood Bakare     Minimum Wage     Manzuma     Alloy Chukwuemeka     Plat Technologies     Kunle Okeowo     Garment Factory     Ope Saraki     The Herald     Suleiman Ajadi     Christopher Odetunde     Elections     Khairat Gwadabe     Akande Idowu Ayoola Muhammed     Sambo Murtala     Gbemi Saraki