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.

Saadu Yusuf     Afeyin-Olukuta     Sam Okaula     Jimba Babatunde     Dunmade     Kwara State Fire Service     Fareedah Dankaka     Salihu Alhaji Musa     Shehu Jimoh     Kwara 2023     Moro     Tunde Mukaila Mustapha     Federal Allocation     Gaa Olobi     Just Event Online     Ganmo Electricity Sub-Station     Kwara Coalition Of Business And Professional Associations     Ahmed Ayinla Jimoh     Tunde Kazeem     Tanke     Gafaru Olayiwola Olorisade     Bond     Muhammad Mustapha Suleiman     Omoniyi     Share-Tsaragi     Olatunde Michaels     Guber Aspirant     Adijat Adebiyi     CACOVID     Alikinla     Moronfoye     Segun Abifarin     Abubakar Suleiman     Balogun-Ojomu     Opobiyi     IESA     Oko-Erin     Baruten     Opolo Global Innovation Limited     United Nigeria Congress Party     Afin Descendants Union Of Odo-Owa     Kulende     3MTT     Memunat Monsuma     Egbejila     CT Ayeni     Jare Olatundun     Sheikh Ridhwanullah     Jimoh Olusola Imam     Ilota     AbdulRauf Keji     Ibrahim Agboola Gambari     Rebecca Bake     Women For Change And Development Initiative     Ballah     Local Government     Abdulganiyu AbdulAzeez     Abdulwahab Olarewaju Issa     Dorcas Afeniforo     ASUU     Salaudeen Oyewale     Idofin     John Kehinde Salako     ASMAU PLAZA     Vishvas KOZ Tractors     Saka Keji     Abdulrahman Abdulrazak     Ahmad Uthman     Yahaya Muhammad     Buhari     Ojuekun     IQRA College     Sheikh Ariyibi     Roheemat Hammed     Kwara Central     Sabi     Bayo Onimago    

Cloud Tag: What's trending

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

Busari Alabi Alausa     Ebola     Kwara Poly     All Confederation Of Principals Of Secondary Schools     Gurei     Ilesha-Baruba-Gwanara     Abdulrasheed Akogun     Adegoke Bamidele     Kwara Teaching Service Commission     Kwara State Printing And Publishing Corporation     NURTW     Galadiman Ngeri     Aminat Omodara     Elerin Of Adanla     Yoonus Lawal     ASKOMP     School Of Nursing     Air Peace     Ramadan     Ilorin International Airport     Abdulmumin Yinka Ajia     Kumbi Titiloye     Abdul Jimoh Mohammed     Simeon Ajibola     Salihu Ajia     AbdulGafar Tosho     Ridwan Agboola     Binta Abubakar Mora     Jaigbade Alao     Overland     Universal Basic Education Commission     Kamaldeen Ajibade     Moremi High School     Ella Supreme Tissue Paper     Sarah Alade     Abubakar Bature Sulu-Gambari     Leke Ogungbe     Yahaya Seriki Gambari     Amada Jidda     Habeeb Saidu     Benin Republic     Muhammad Akande Olarewaju Odunade     20 Billion Bond     Bisi Oyeleke     Gbemi Saraki     Rafiu Ajakaye     Biliaminu Aliu     Lawyers Unite Against Corruption     Shehu Salau     Doyin Agbamu     Association Of Kwara State Online Media Practitioners     Gambari     Ishaq Salman     Ayo Salami     Yoruba     Opaleke Bukola Iyabo     Tunji Ajanaku     Elerin Of Erin-Ile     Amina Susa\'a De Ahmed     Jaiz Bank     Illyasu Abdullahi     Lanre Issa-Onilu     Olayinka Olaogun     Shehu Jimoh     Muhammed Akanbi     Kwara Pdp     Adesoye College     Hausa     Bahago     Doyin Awoyale     Mohammed Alabi Lawal     Aliyu Kora Sabi     Bello Oyebanji     Olusin Of Ijara Isin     NIPR     Hijaab     Nigerian Army