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.

Oba Sulaiman Asude     Baruten     Saliu Ajibola Ajia     AbdulRazaq Jiddah     Ebola     Aminat Omodara     Omu-aran     Yusuf Olaolu Ali     Mohammed Lawal Bagega     Garment Factory     Simeon Sule Ajibola     Hamid Bobboyi     Abdullahi AbdulMajeed     Chemiroy Nigeria Limited     Offa Descendants Union     Ohoro Of Shao     Amuda Aluko     Balikis Jawondo     General Tunde Idiagbon International Airport     IPSAS     Sabitiyu Grillo     Marufat Oladosu     Shuaibu Yaman Abdullahi     Mogaji Aare     Sunday Popo-Ola     Obasanjo     Moses Rahman Popoola     IEDPU     Sherif Shagaya     Abdulkadri Ahmad Alaiye     Lanre Olosunde     Federal Allocation     Ajibike Katibi     AbdulRazaq Abubakar Jiddah     V.O. Abioye     Lithium     Abubakar Usman Jos     The Herald     UNILORIN Alumni Association     Kwara Liberation Group     Aliyu Salihu     Oloye     Henry Makinwa     Olatunde Olukoya     Oloje     Funmi Salau     Ayegbeni     Muslim Media Watch Group Of Nigeria     Hassanat Bello     Fatima Abolore Jimoh     Tunde Saad     Ayoade Akinnibosun     Omotosho     Alaro     Kayode Oyin-Zubair     Omar Bolaji Gambari     Bello Oyedepo     Kannike     Kwara Apc     Wahab Egbewole     Eleja     Doyin Awoyale     Oyin-Zubair     Alore     KWATMA     Kwara State Printing And Publishing Corporation     Gbemisola Saraki     Ibraheem Adeola Katibi     Apata Ajele Secondary School     Ayotunde Emmanuel Alao     Ariyo     Abdulwahab Olarewaju Issa     Temitope Ogunbanke     Mufutau Olatinwo     COEASU     Centre For Community Empowerment And Poverty Eradication     Fareedah Dankaka    

Cloud Tag: What's trending

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

State Bureau Of Internal Revenue     Falokun-Oja     Elerin Of Adanla     Kwara University Of Education     Abiodun Abdulkareem     2023 Elections     Sarah Alade     Leke Ogungbe     Pius Abioje     Kayode Bankole     Oni Adebayo     Bashir Adigun     REO CAKES     Mohammed Yisa     Popo-Igbonna     Apaola     ENetSuD     Jimba Babatunde     2017 Budget     Durbar Festival     Ali Ahmad     Oyin-Zubair     Alfa Modibo Belgore     Abdulraheem Olesin     Adamu Ibrahim Sabi     Tricycle Owners Association Of Nigeria     Babajide Ajayi     Shonga Farm Project     Saka Aleshinloye     Fatai Adeniyi Garba     Ilesha-Gwanara     Tescom.kwarastate.gov.ng     Federal Neuro-Psychiatric Hospital     Overland     Saka Saadu     Kwara State Council Of Chiefs     Umar Gunu     Saduki Lafiagi     Omar Bolaji Gambari     Labour Party     Alfa Modibbo Belgore     Demola Banu     Kwara Polytechnic     Ojuekun     Jimoh Bashir     Akeem Olatunji     Tanke     Abubakar Atiku     Idris Amosa Oladipo Saidu     Abdulrahman Abdulrazak     Kudirat Arinola Lawal     Government High School Adeta     Ganmo     Sa\'adatu Modibbo-Kawu     Ibrahim Abikan     Olukotun Of Ikotun     Abubakar Abdulraheem     KWTV     John Dara     Ado Ibrahim     Kolawole Akande     Abiodun Musa Aibinu     Habeeb Abdullahi Al-Ilory     Busari Alabi Alausa     Bayo Onimago     Maimunat Oniyangi     Taiwo Joseph     Is\'haq Modibbo Kawu     Sobi Hill     Mustapha AbdulGaniyu     Odo-Owa     Ope Saraki     Jamiu Oyawoye     Emir Of Lafiagi     Abubakar Baba Sulaiman     Abdulmutalib Shittu     Aminat Ahmed