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.

Village Alive Development Association     Offa     20 Billion Bond     Rex Olawoye     Ayeyemi Sulaiman     Alapado     Dankaka     Hassanat Bello     Ladi Hassan     Taofik Abdulkareem     Abdulrasaq Alaro     Issa Oloruntogun     Federal Allocation     GANZY     Gbenga Awoyale     Towobola Abdulrahman Toyin     Sunday Otokiti     Veterinary Teaching Hospital     Ahmed Bolaji Nagode     Hussein Oloyede     Bamidele Adegoke     Principal Private Secretary     Otoge     Mohammed Kamaludeen     Bisi Kristien     Durosinlohun Kawu     S.O. Opowoye     Rebecca Olanrewaju     Eghe Igbinehin     Lanre Olosunde     Busari Alabi Alausa     Bello Oyebanji     Idiagbon     Presidential Election     Abdulrazaq Sanni     Ilesha-Baruba     Abdulkadir Bolakale Sakariyah     Isiaka AbdulRazaq     Lanre Aremu     Kwara Liberation Group     Maigida     Saadu Alanamu     Amuda Bembe     KWSIEC     Toyosi Thomas     Saka Asiat Ayinke     Rueben Parejo     Ahmad Belgore     Nurudeen Mohammed     Aiyedun     Adijat Adebiyi     Yusuf Zulu-Gambari     Suleiman Mora Omar     Alaro     Ibrahim Oloriegbe     Olomu Of Omu-Aran     Olaiya Victor Mobolaji     Kwara State Geographic Information Service     Saidu Isa     Agboola Abdulraheem     Ibrahim Sulu Gambari     Abdulganiyu Oladosu     Kwara NIPR     GRA     Ilorin General Hospital     Sheriff Olanrewaju     Ajike People Support Centre     Abdulazeez Arowona     AbdulQowiy Olododo     Binta Abubakar Mora     Akanbi-Oke     NFAI     Arinola Lawal     Olaitan Adefila     ITP     Bashirat Bola Bello     Gambari    

Cloud Tag: What's trending

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

Abdulrahman Abdulrasaq     Owode Market     Maimunat Oloriegbe     Fola Consultant     Kayode Yusuf     Mopelola Abdulmaliq-Bashir     Abdulsalam Firdaous Amosa     Sunday Popo-Ola     Harafat E. Mukadam     Sulyman Buhari     Tsaragi/Share     Khairat Gwadabe     MATTA Girls Foundation     Okoolowo     Oladipo Akanmu Tolani     KSIRS     Aliyu Alhassan     Jumoke Gafar     Bola Olukoju     Chikanda     Inside Kwara     Mutawali Of Ilorin     Kwara State Sports Commission     Umar Adelodun     Nurudeen Mohammed     Zara Umar     Garba Idris Ajia     Okasanmi Ajayi     Edu     Abikan     Shoprite     Kwara State Fire Service     UNILORIN Alumni     Bureau Of Lands     Kwara State Internal Revenue Service     Kwara State Football Association     Rafiu Ajakaye     Amos Justus Sayo     Baboko Primary School     Metro Park     M.Y. Abdulrahaman     Ilorin Like-Minds     Bamikole Omishore     Ahmad Ali     Yusuf Zulu-Gambari     ER-KANG Mining Nigeria Company Limited     Funmilayo Zubair     Ibrahim Abduquadri Abikan     Oluronke Adeyemi     Maryam Nurudeen     Apata Ajele Secondary School     Rex Olawoye     Olanrewju Okanlawon Musa     Oko-Olowo     AbdulHamid Adi     Kayode Alabi     Lasiele Alabi Yahaya     Monsurat Omotosho     Olatunji Ibrahim     CELF     Kwara Metro Park     Joseph Offorjama     Fatai Garuba Labaka     Oyin-Zubair     Ganmo     Emmanuel Olatunji Adesoye     Afonja Descendants Union     Ayodele Olaosebikan     Hydroelectric Power Producing Areas Development Commission     Moremi High School     Ilorin West     Sa\'adatu Modibbo-Kawu     Kwara State Council Of Chiefs     Aminat Ahmed     Saheed Alakoso     David Adesina     YAKOOYO