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.

Ramadan     SSA Youth     Unilorin FM     Yusuf Olaolu Ali     Ojo Isekuse     Abdulazeez Arowona     Neuropsychiatric Hospital     Mufutau Gbadamosi Esuwoye     All Confederation Of Principals Of Secondary Schools     Ijagbo Health Centre     Abdulrahman Abdulrasak     Hakeem Lawal     Mogaji Aare     Olatunji Ayeni     Kwara Coalition Of Business And Professional Associations     Jawondo     Sam Onile     Yusuf Abdulraheem     Countryside Emerging Leaders Fellowship     Raliat Islamic Foundation     Fatimat Saliu     Kolawole Bashirat     UTME     Memunat Monsuma     Ojuekun     Illyasu Abdullahi     Oko-Erin     Bola Magaji     Saka Asiat Ayinke     Micheal Imoudu     Musa Aibinu     Ibrahim Taiwo Road     ARMTI     Nigerian Medical Association     Adedipe     Mohammed Tunde-Jimoh     SWAN     Societe Generale Bank Of Nigeria     Olabode George Towoju     Ali Ahmad     Musa Alhassan Buge     Yomi Ogunsola     Muazam Nayaya     Fatima Abolore Jimoh     Saadu Gbogbo Iwe     Katibi Ibraheem Adeola     Arandun     Bayo Ojo     Magaji Nda     Sodiya     Ministry Of Women Affairs And Social Development     Tunji Olawuyi     Gobirawa     Aliyu Umar     Bankole Omisore     Ibrahim Abduquadri Abikan     Quranic Recitation Competition     Wole Oke     Idowu Aremu     Salman Alada     Plat Technologies Limited     Abdulkadir Jimoh     Obayomi Azeez     Okeose Christian Cementary     Mohammed Halidu     Jaiz Bank     Kunle Akogun     College Of Health     Isiaka Rafiu Mope     Mahmud Ajeigbe     Okin Malt     BECE     Apado     Nagode     Muhammed Akanbi     Saad Omo Iya     Abdulmajeed Wahab    

Cloud Tag: What's trending

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

Ayobami Akanbi     Yomi Ogunsola     Patience Jonathan     Oju Ekun Sarumi     Transition Implementation Committee     Opobiyi     Omupo     Rachael Obisesan     Yahaya Oloriegbe     Share     Titus Ashaolu     Naira Redesign     Esuwoye     Toyin Abdullahi     Royal FM     Danhawa     REO CAKES     Umar Sanda Yusuf     Al-Hikmah University     Ezekiel Yissa Benjamin     Kola Adesina     Babatunde Idiagbon     Abdulwahab Oba     Kwara NIPR     Yahaya A Paniyaro     KWIRS     Lanre Jimoh     Harafat E. Mukadam     Centre For Digital Economy     Kolawole Bashirat     Adebayo Salami     Saliu Alamoyo     Sa\'adu Salau     Kwara Pdp     Federal College Of Education (Special), Afon     Ibrahim Issa Jetti     Ambassador Kayode Laro     Ibrahim Abikan     Abdulazeez Uthman     Mohammed Ajia Ibrahim     Kwara State Government     Kudirat Arinola Lawal     Ridwan Agboola     S.O. Opowoye     Abdulrasaq Alaro     Hamza Usman     Sam Onile     School Of Nursing     Tunde Idiagbon Road     Mary Kemi Adeosun     Agbarere     Assayomo     Toyin Falola     April 11     Rex Olawoye     Sola Saraki University     Wahab Egbewole     Saad Omo Iya     Saka Balikis Kehinde     National Pilot     AbdulRaheem Ahmad Shayi     Dan Masanin     Tanke Flyover Bridge     Plat Technologies     Ajeigbe     Elerinjare     Oye Tinuoye     Lawal Jimoh     Ahmad Fatima Bisola     Medview Airlines     Societe Generale Bank Of Nigeria     Saheed Akinwumi     Abdulfatai Ahmed     Split Diamond Interchange     Offorjama     11th Galadima     Dele Belgore