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.

Makama Of Kaiama     Nigeria Governors\' Forum     Ilorin Airport     Igbaja     Oluwarotimi Boluwatife Adenike     Al-Hikmah Radio     Muhammadu Buhari     Hassan Abdulazeez Elewu     Oba Sulaiman Asude     Park     Folaranmi Aro     Moshood Mustapha     Gbemisola Oguntimehin     Moji Makanjuola     Oloye     Inside Kwara     Joseph Alex Offorjama     Post-utme     Asa     Oko-Erin     Gbenga Adebayo     Saka Balikis Kehinde     Musa Yeketi     Shuaib Boni Aliyu     Village Alive Development Association     Olaosebikan     George Innih     Jani Ibrahim     Abdulkadir Akanbi-Oke     Yusuf Abubakar     Ronke Adeyemi     Offa Poly     Maimunat Oniyangi     Sulyman Tejidini     Wahab Kunle Shittu     COEASU     Abdulkareem Alabi     Ile Arugbo     AbdulRaheem Ahmad Shayi     Hakeem Idris     Ophthalmological Society Of Nigeria     Muhammad Akande Olarewaju Odunade     Jimoh Akani     Gbemi Saraki     Umar Ayinla Saro     Moses Adekanye     Simeon Ajibola     Maigidasanma     Olatunde Jare     Abdullahi Atanda     Jalala     Yusuf Abdulraheem     Ayodele Shittu     Ayo Adeyemi     Ahmad Fatima Bisola     Shade Omoniyi     Lanre Issa-Onilu     Ado Ibrahim     Ayobami Seriki     Oke-Odo     Alimi Abdulrazaq     Kayode Bankole     Toyin Olayinka Tejidini     Harrison Osauwagboe     PharmAccess Foundation     Abubakar Lah     Bilikisu Oniyangi     Unilorin FM     KWIRS     Lai Mohammed     Ajibola Saliu Ajia     Zainab Abass     Magaji Are     College Of Arabic And Islamic Legal Studies     Idowu Laro     National Party Of Nigeria     Bello Abubakar    

Cloud Tag: What's trending

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

Read With Me     Sabitiyu Grillo     Idi-Ape     Wakilin Mata Lafiagi     Olosi Of Osi     Oke-opin     Bello Abubakar     Sarafadeen Kayode Akorede     Ibraheem Abdullateef     Abdulrazaq Sanni     Ola Falade     Ajikobi     Tunde Idiagbon Road     Najim Yaasin     Mustapha Akanbi     Folashade Omoniyi     Aso-ofi     Ahmed Saidu Rufai     MalHub     SSUCOEN     Shehu Raheem Adaramaja     Yusuf Ali     Christopher Odetunde     Ibrahim Taiwo Road     Doyin Agbamu     Alore     Bashirat Bola Bello     Owo Arugbo     Adam Abdullahi Al-Ilory     Dan Iya Of Ilorin     Kola Olota     AGILE Programme     Timothy Akangbe     Omar Gambari     M.Y. Abdulrahaman     Babata     Adijat Adebiyi     AbdulRaheem Ahmad Shayi     Akeem Olatunji     Ajibike Katibi     Aminu Ado Bayero     Elections     Ayedun     AbdulRasaq Abdulmajeed Alaro     Ayodele Shittu     Durosinlohun Atiku     Azeez Salawu     11th Galadima     Labour Party     Galadiman Ngeri     Onikijipa     Guber Aspirant     John Dara     Issa Baba     Chief Imam Of Lafiagi     Shehu Adaramaja     Bayo Lawal     Haleeman Salman     Abdulrazaq Adebayo     Aliyu U. Tilde     Baba Issa Awoye     Salman Alada     Ethical College     Kola Shittu     National Information Technology Development Agency     Iyabo Adewuyi     Toyin Sanusi     Ramadhan     Ibrahim Oniye     Lafia Aliyu Korasabi     Kisira     Nigeria Computer Society     Alabi Olayemi Abdulrazak     Omotosho     C2c@kwarastate.gov.ng     Salihu Ajibola Ajia     Femtech