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.

Public Holiday     Abdulmumini Sanni Jawondo     AbdulRasaq Abdulmajeed Alaro     Abraysports FC     Adeniyi Ojo     Afusat Nike Ibrahim     Olukotun Of Ikotun     Olatunji Abdulmumeen     Simeon Sayomi     Zara Umar     Offa Descendants Union     Alfa Belgore     Abikan     Royal FM     Ridhwanullah Al-Ilory     Dele Momodu     Rabiu Kwankwaso     Isiaka Abdulrazak     Dele Belgore     Bola Magaji     Aliyu Adebayo     Tinubu     Rex Olawoye     Ibrahim Akaje     Sheikh Ariyibi     Tescom.kwarastate.gov.ng     Bond     Abegunde Goke     Kwara State Television (KWTV)     Elerinjare-Ibobo     ASUU     Bello Abubakar     IYA ALFA NLA     Kazeem Gbolagade     Senate     March 28     Association Of Kwara State Online Media Practitioners     Offorjama     Firdaos Amasa     Awili Pedro     Ahmed Mohammed Rifun     Alaaya     Erubu     Bayo Mohammed Onimode     Babaita     Jimoh Saadudeen Muhammed     All Confederation Of Principals Of Secondary Schools     Kwara State Fish Farmers Association     Mohammed Kamaludeen     Eghe Igbinehi     Offa Metropolitan Club     Illyasu Abdullahi     Femi Gbajabiamila     Salman Jawondo     Mohammed Khadijat Kubura     Lanwa     Sidikat Alaya     KWSIEC     Esinniobiwa Quareeb     Ijagbo     Kudirat Arinola Lawal     Saadu Yusuf     James Kolo     Otoge     Dasuki Belgore     Kupchi Hosea Maxwell     Mohammed Haruna     General Tunde Idiagbon International Airport Ilorin     Oke-Ogun     Hameed Oladipupo Ali     Bureau Of Lands     Farouk Salim     Kwara State Fire Service     Saliu Alamoyo     Sheriff Olanrewaju     Aliyu Muyideen     Ramadhan    

Cloud Tag: What's trending

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

Sidikat Akaje     Towoju     Toyin Falola     Alore     Dumagi     Mufutau Gbadamosi Esuwoye     Special Agro-Industrial Hub     Logun     Lanre Jimoh     Iyaloja-General     Jumoke Monsura Gafar     Kwara 2019     Kunle Suleiman     Overland     Ekweremadu     Isapa     Code Of Conduct     Countryside Emerging Leaders Fellowship     Hijab     Saliu Alamoyo     Saidu Kawu     Rebecca Bake     Agbarere     Oba Abdulraheem     The Herald     Alikinla     Fatimat Saliu     Olam Food Ingredients     Kwara State Fire Service     NIPR     Sambo Murtala     Galadima     Olufolake Abdulrazaq     Shao     Bukola Saraki     Balogun Ajikobi     Toyin Saraki     Isiaka Yusuf     Salman Alada     Agbarigidoma     Sunset Workers     Abdulrasaq Alaro     Centre For Community Empowerment And Poverty Eradication     Ibrahim Abdulkadir Abikan     Hydroelectric Power Producing Areas Development Commission     Sebastine Obasi     NULGE     Oladipo Akanmu Tolani     CACOVID     Shuaib Jawondo     Hamidat Sulyman-Yusuf     Tafida     Binta Abubakar Mora     Hassan Abdulazeez Elewu     Galadiman Ngeri     Mashood Abdulrafiu Agboola     Fareedah Dankaka     Ghali Alaaya     Abdulkadir Remi Hawawu     Olaiya Zuberu     Idris Garuba     Igbaja     Eleja Taiwo Banu     Olukotun Of Ikotun     Mutawalle     JUSUN     JMK Construction Company Limited     Razak Atunwa     Jebba     UNILORIN Alumni Association     Ilorin Like-Minds     Segun Ogunsola     Seun Bolaji     Labaeka     John Olajide Adedipe     Ballah     Funmilayo Zubair