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.

Yemi Osinbajo     Agboola Babatunde     Mohammed Abduraheem     Babaloja-General     Tinubu Legacy Forum     Ilesha Gwanara Road     Ijagbo Health Centre     Khairat Gwadabe     Government Girls’ Day Secondary School Pakata     Saliu Oluwole     Amos Sayo     March 18     Justina Oha     Third Estate     Bareke     Nurudeen Mohammed     Charcoal     Volunteers Of Ilorin Community And The Emirate     Nagode     Oba Sulaiman Asude     Jimoh Bashir     Kwara State Football Association     Abdulkadir Akanbi-Oke     Onilu     Folaranmi Aro     AbdulFatai Adeniyi Dan-Kazeem     Baboko     Oyeyemi Olasumbo Florence     Bello John Olanrewaju     Abdulfatai Ahmed     Kumbi Titiloye     Oladimeji Thompson     Centre For Community Empowerment And Poverty Eradication     Afolasade Opeyemi Kemi     Abdulwaheed Musa     Tricycle Owners Association Of Nigeria     Sheu Ndanusa Usman     Rice Farmers Association Of Nigeria     Bature Bello     Mashood Dauda     Surajudeen Akanbi     Abikan     Emir Of Kano     Isiaq Khadeejah     Azeez Bello     Lateef Alagbonsi     Baakini     Kemi Adeosun     Abdulrazaq Magaji     Abdulmumini Jawondo     Saka Isau     Ilorin General Hospital     Aminu Adisa Logun     Abdulrahman Abdulrazak     Segun Ogunsola     Busari Toyin Isiaka     A.G.F Abdulrasaq     Www.Kwarareports.com     NaAllah     IHS     Ilorin South Constituency     Adeola Abraham     Sulyman Buhari     Moji Makanjuola     Maryam A. Garuba     Mohammed Halidu     Muhammad Toyin Sanusi     Abdulraufu Mustapha     KWSIEC     Gbadeyan Gbadura Yomi     Shaykh Luqman Jimoh     Bolaji Abdullahi     Share/Tsaragi     Odogun Olushola Gabriel     Nigeria Governors\' Forum     Yahaya Jibril Usman     Opobiyi    

Cloud Tag: What's trending

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

Kwara Muslim Pilgrims Welfare Board     Erubu Oba Zubair     Kale Bayero     Lanre Badmus     Kolade Solagberu     Muslimah Entrepreneurship Forum     Kayode Oyin-Zubair     Musibau Akanji     Asa     Baboko Primary School     Risikat Lawal     TETFUND     Royal FM     College Of Education     Adesoye College     Oba Of Jebba     Fatai Olodo     Saidu Kawu     Sulu Gambari     KWTV     Hassanat Bello     Yahaya A Paniyaro     Sunday Popo-Ola     Muhammad Sirajo Aliyu     Afusat Nike Ibrahim     Abdulazeez Arowona     Adewuyi Funmilayo     Abioye Bello     Gbadeyan Gbadura Yomi     Lanwa     Nigeria Customs Service     Alfa Modibo Belgore     National Information Technology Development Agency     Abubakar Kawu Baraje     Olohungbebe     Mutawalle     Awoye     Public Holiday     Bolakale Ayo     Special Agro-Industrial Hub     Susan Modupe Oluwole     Oyun     Abatemi-Usman     Kola Ologbondiyan     Kolawole Bashirat     Simeon Ajibola     Ubandoma     Shaykh Luqman Jimoh     Mohammed Yahaya Barki     Ajayi Okasanmi     Jalala     Amuda Aluko     Ifelodun     Haruna Olawale Sulaiman     Grillo     Kwabes     Simon Sayomi     State Bureau Of Internal Revenue     Olofa Of Offa     Bayo Ajia     Abdulraufu Mustapha     Olaiya Lawal     Eleja Taiwo Banu     Abdulrahman Iliasu     Saadu Yusuf     Idris Garuba     Kishira     Habeeb Abdullahi Al-Ilory     Musa Alhassan Buge     Sambo Murtala     Mahmud Babatunde Baker     Lasiele Alabi Yahaya     Muslim Media Watch Group Of Nigeria     Abubakar Baba     Alaro     Aminat Omodara     Ahmed Bayero