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.

Leke Ogungbe     Alao Ayotunde     NIPOGA     Adedayo Yusuf Abdulkareem     Garment Factory     Abdulrazaq Sanni     Maimunat Oloriegbe     Yahaya Muhammad     Shuaib Olarongbe     Isiaka Gold     Kwarareports     Ilorin Water Reticulation     New Naira Notes     Abdulganiyu Oladosu     Isiaka Abdulrazak     Jawondo     Damilola Yusuf Adelodun     Olufolake Abdulrazaq     Undergraduate Bursary     Kwara State Fire Service     Mohammed Lawal Bagega     Moses Salami     GAMA     Abdul-Rahoof Bello     Mutawali Of Ilorin     JSSCE     Kassim Babamale     Aiyedun     Gbadeyan Gbadura Yomi     Saliu Shola Taofeek     Jimoh Akani     Dasuki Belgore     Taofeek Sanusi     SWAN     Mustapha Olanipekun     Sidikat Alaya     Abubakar Abdulraheem     Kayode Bankole     T And K FOODS     IF-K     Mohammed Haruna     Alliance For Democracy     NNPP     Lanre Issa-Onilu     Okin Group     Ayo Opadokun     Abdulraheem Olesin     Matthew Babaoye     Tsaragi/Share     Yunus Lawal     Mansur Alfanla     Kwara State Coalition Of Business And Professional Associations     Jide Oyinloye     SARS     Yusuf Badmus     Ahmed Bayero     Ballah     Razaq Ayobami Akanbi     Ronke Adeyemi     Olupako     MAI Akande     Baba Idris     Temi Kolawole     Moses Adekanye     Onilorin     Hausa     Olaiya Lawal     Abdul-Rasheed Na\'Allah     Suleiman Idris     Jumoke F. Ajao     Bilikisu Gambari     JUSUN     Ajasse-Ipo     Najim Yaasin     Oke-Odo     NYSC     Dauda Adeniran Adeshola    

Cloud Tag: What's trending

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

Abdulhakeem Amao     Idowu Aremu     Abdullahi Samari     Okin High School     SSA Youth Engagement     Abatemi Usman     Public Holiday     John Mayokun Dada     Emir Of Shonga     Sulu Babaita Isiaka     Gambari     Yakubu Mohammed Abdullahi     CACOVID     Medinat Folorunsho Salman     United Nigeria Airline     Ilorin Emirate Stakeholders Forum     Afolabi-Oshatimehin     Yusuf A. Usman     Balogun Gambari     Saliu Ajibola Ajia     Bashir Badawi     Baba-Isale     Convocation Ceremonies     Muhammad Toyin Sanusi     Alapado     Niyi Osundare     Gabriel Fashanu     Ilorin Talaka Parapo     Kwarareports     Hijab     Olubukola Kifayat Adedeji     Taofeek Sanusi     Kwara State Government     Yahaya Dumoye     Shehu Adaramaja     Mansur Alfanla     Ayodele Kuburat Olaosebikan     Erin-ile     Nagode     Sadiq Umar     Magaji Nda     Agboola Abdulraheem     Bola Olukoju     Omoniyi     Michael Nzekwe     Akanji     Omotosho     Isiaka Abdulrazak     Oja-Oba     Kwara State Football Association     Jimoh Lambe Abdulkareem     Suleiman Rotimi Iliasu     Abraham Ojo     Is\'haq Modibbo Kawu     Ilorin Water Reticulation     Ramat Oganija     Suleiman Mora Omar     Falokun-Oja     Obayomi Azeez     Moshood Kashimawo Abiola     Ajuloopin     Temitope Ogunbanke     Ibraheem Abdullateef     Bamidele Adegoke     LABTOP     Rashidi Yekini     Shettima Of Ilorin     New Naira Notes     SSA Youth     Abdulrahman Iliasu     Aisha Abodunrin Ibrahim     Timothy Akangbe     David Adesina     Tafida     Shehu Jimoh     Olaiya Zuberu     Jide Oyinloye