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.

Iyaloja-General     Tafida     Yakub Lai Gobir     Sheikh Ariyibi     Toyosi Thomas     Lawal Arinola Kudirat     Veterinary Teaching Hospital     Rabiu Kwankwaso     Yahaya Abdulkareem     Kwara Coalition Of Business And Professional Associations     Fatai Garuba Labaka     Abikan     Balogun Ajikobi     Raimi Iyanda     Kwara State Football Association     Ahmed Alhasssan     Bayo Ajia     Shola Odetundun     Academic Staff Union Of Universities     Vasolar     Aliyu Adebayo     Pakata     Kayode Ishola     Ibraheem Abdullateef     Kwara State Internal Revenue Service     JUSUN     New Nigeria People’s Party     Ibrahim Abikan     Yusuf Babatunde Abdulwahab     Abdulrahman Abdulrazaq     Oluwarotimi Boluwatife Adenike     Balogun Gambari     Lateef Alagbonsi     Isaac Aderemi Kolawole     A.G.F Abdulrasaq     SAPZ Project     CCEPE     Ibrahim Taiwo     Olaiya Lawal     Olukotun Of Ikotun     NITDA     Osinbajo     Olupako Of Share     Kwara 2015     Onilupeju Of Ilupeju     Salihu Jibril Garbi     Nigerian Medical Association     Michael Nzekwe     Adama Isa     Bluenile Associates     Shehu Alimi Foundation     Folashade Omoniyi     Moro     Mike Omotosho     Abubakar Suleiman     Edu     Sabitiyu Grillo     Oke-Ode     Abdulrahman Abdullahi Kayode     Sambo Murtala     Coalition Of Kwara North Groups     Muhammed Danjuma     Amos Sayo     Ayobami Seriki     Hussein Olokooba     Afonja     Mary Kemi Adeosun     Suleiman Abubakar     Lanwa     KWTV     Ahmad Fatima Bisola     Sola Saraki Educational Foundation     Abdulraheem Olesin     Revenue Court     Manzuma     Fola Consultant     Theophilus Oyebiyi    

Cloud Tag: What's trending

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

Abdulrahman Abdulrasak     Eleyele     Oyelere Oyinloye     Henry Makinwa     Ganiyu Abolarin     Ahmad Fatima Bisola     NAWOJ     Elese Of Igbaja     Adamu Attah     Amos Bajeh     Oniyangi Kunle Sulaiman     TVC Female National Debate     Mumeen Lah     Idris Amosa Oladipo Saidu     Shaykh Luqman Jimoh     Raliat Elelu-Habeeb     Yakubu Shaaba     Post Utme     Oko Erin     Simon Sayomi     UNILORIN Alumni Association     Garment Factory     Salihu S. Yaru     Balikis Jawondo     National Party Of Nigeria     Muhammed Danjuma     Modibo Kawu     Isiaka Gold     Sadiq Umar     Okasanmi Ajayi     Yahaya Muhammad     Kayode Oyin Zubair     Abdulkadir Jimoh     Suleiman Rotimi Iliasu     Wahab Kunle Shittu     Galadima     Lanre Aremu     Sarah Jubril     Ganmo Electricity Sub-Station     Owo Isowo     Arik     Saheed Alakoso     Doyin Awoyale     Senior Special Assistant On Student Affairs     NNPP     Onilupeju Of Ilupeju     Abubakar Atiku     Eghe Igbinehi     Leke Ogungbe     Sanitation Exercise     Ajikobi     Olatunde Michaels     Ibrahim Oniye     Ishola Moses Abiodun     Babatunde Idiagbon     Balogun Fulani     Kwha.gov.ng     Musa Aibinu     Funke Adedoyin     Opaleke Bukola Iyabo     Adisa Logun     Students Union Government     Isaac Aderemi Kolawole     Busari Toyin Isiaka     Twitter     Congress For National Consensus     Abubakar Baba     Dapo Teni Nig Enterprise     Kayode Oyin-Zubair     Suleiman Yahya Alapansapa     Sebastine Obasi     Sa\'adu Salau     Balogun Ajikobi     Aisha Gobir     Curfew     Bola Shagaya     Bola Ahmed Tinubu