I inherited N59.6b local debt, N48.6 foreign loans - AbdulRazaq

Date: 2019-07-06

Kwara state Governor AbdulRahman AbdulRazaq has given the local debt profile his administration inherited from the past government at N59.6 billion (N59,585,637,336.62).

The governor added the indebtedness was at May 29th, 2019, his Chief Press Secretary, Rafiu Ajakaye told our correspondent exclusively in Ilorin, the state capital.

Ajakaye added as at December 2018, the new administration inherited a sum of N48.6 million (N48,599,040.43) as foreign loan also bequeathed by the past administration.

AbdulRazaq had earlier revealed that Universal Basic Education Commission (UBEC) blacklisted the state because immediate Governor AbdulFatah Ahmed government mismanaged the N1.5 billion grant meant to upgrade schools in Kwara in 2013.

This, according to the government, necessitated the ban placed on Kwara state by UBEC in accessing grant from the commission.

But the former governor Ahmed refuted claims his administration mismanaged UBEC counterpart funds.

Ahmed's spokesman, Dr Muyideen Akorede, absolved former Governor Ahmed's administration of any wrongdoing regarding the management of UBEC funds.

He maintained that the federal agency essentially cancelled a N2 billion grant to the state when the government borrowed from UBEB its 50 percent cent counterpart fund of N1.5 billion for the payment of salaries at the height of the 2015 economic recession which prevented most states in Nigeria from meeting salary obligations to workers.

But Governor AbdulRazaq said: "we regret to say that the last administration cannot be forgiven for the criminal neglect of the schools because the consequences are there for all to see."

He added that Governor Abdulfatah Ahmed's response to the outrage greeting the diversion of N1.5 UBEC funds has raised more questions on the sordid neglect of public schools under him.

He said that Ahmed's statement that claims that funds weren't diverted or mismanaged hold no water in the face of revelations from UBEC and the decrepit state of the schools.

The government said the mismanagement is apparent in Kwara ranking 37th - or the lowest - on the list of UBEC Matching Grant Disbursement Performance as at April 30, 2019.

The government said Ahmed's claim that his government used the N1.5 billion to pay workers' salary was untenable and fishy for an administration that received N22 billion Paris Club refund and additional N3.4b billion bailout funds that were meant to help states pay workers when federal allocation dropped.

 


Cloud Tag: What's trending

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

Kazeem Gbolagade     Elelu     Sa\'adatu Modibbo-Kawu     ASUU     Tunji Olawuyi     Ilorin Likeminds Foundation     Share     Kayode Oyin-Zubair     Sango-UITH Road     Saeedat Aliyu     NITDA     Iyabo Dupe Adekeye     Special Agro-Industrial Hub     Kwara State Government     Isiaka Saka Opobiyi     Bolaji Nagode     Abdulkadir Jimoh     Ayotunde Emmanuel Alao     CCEPE     Khairat Gwadabe     Kannike     Abubakar Suleiman     Shuaibu Yaman     Offa Descendants Union     Tosho Yaqub     Mary Arinde     Sayomi     Quareeb     Mopelola Abdulmaliq-Bashir     Sa\'ad Alanamu     IFK     Afonja     Durbar     Towoju     Sola Saraki University     Egbewole     Kwara State Television     Balogun Fulani     Ghali Muhammed     Sobi FM     V.O. Abioye     Samuel Elizabeth Keatswa     Olaoye B. Felix     Esuwoye     Sidikat Uthman Ajibola     Eruku     LABTOP     Nagode     ANCOPPS     AbdulHakeem Ajibola Akanbi     Ilorin Curfew     Kulende     Col. Ibrahim Taiwo     United Nigeria Congress Party     Lithium     Forgo Battery Company Limited     Gobir Organization Foundation     Alfa Belgore     Dele Belgore     Sarkin Malamai     CACOVID Palliatives     Salihu Ajia     Abdulsalam Firdaous Amosa     Saliu Alamoyo     Chief Imam Of Ilorin     Rihanat Ajia     Sulyman Tejidini     Mutawalle     Olupako     Obayomi Azeez     Mahmud Ayinla Giwa     Kuliyan Geri     Okasanmi Ajayi     Mohammed Lawal Bagega     Monsurat Omotosho     Gbadeyan Gbadura Yomi     Abdulrazaq Aiyelabegan    

Cloud Tag: What's trending

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

Bluenile Associates     Bilikis Oladimeji     Ibrahim Kayode Adeyemi     Baboko     Kawu Baraje     Sulyman Buhari     Abubakar Kawu Baraje     Taofik Abiodun Ahmed     Lotus Bank     Ayeyemi Sulaiman     Afonja Descendants Union     Muhammad Ghali Alaaya     Senate Presidency     Association Of Kwara State Online Media Practitioners     Kwara State Printing And Publishing Corporation     Muhammad Akande Olarewaju Odunade     Aliyu Muyideen     Laboratory-to-Product     Muhammed Akanbi     Jamiu Oyawoye     Apaola     Barakat Community Secondary School     Abdullahi Adisa Akodudu     Yusuf Amuda Aluko     Esinniobiwa Quareeb     Yahaya Abdulkareem Babaita     Sam Onile     Share-Tsaragi     John Obuh     S.O. Opowoye     Nigeria Computer Society     Siraj Oyewale     Ilorin Water Reticulation     Erin-ile     Mustapha Olanipekun     Quareeb     Bio Ibrahim     Kale Ayo     Ibrahim Abdulqadir Abikan     Yomi Ogunsola     Ubandoma Of Ilorin     Haliru Dantoro     Prince Sunday Fagbemi     Yusuf Abdulkadir     IHS Towers     Yemi Sanni     Ilesha-Baruba-Gwanara     Babatunde Ajeigbe     Suleiman Rotimi Iliasu     Marufat Oladosu     Oniwasi Agbaye     Binta Abubakar-Mora     Abubakar B.M     Sheikh Hamzat Yusuf Ariyibi     Aliyu Adebayo     Kwara-SAPZ Project     Emir Of Yashikira     Al-Ilory     Wale Oladepo     Solomon Edojah     Gbemisola Oguntimehin     Abdulrazaq Akorede     Abdulmajeed Wahab     Oba David Oyerinola Adedunmoye     Kwara State Government     Towobola Abdulrahman Toyin     Mohammed Saidu     Joseph Bamigboye     Suleman Abubakar     Mary Arinde     The Herald     Abdulrahman Abdullahi Kayode     Salman Alada     All Confederation Of Principals Of Secondary Schools     Garment Factory     Aminat Ahmed     Ishola Balogun Fulani