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.

Ilorin Central Mosque     Mutawali     Kayode Yusuf     Abubakar Aliagan     Alliance For Democracy     Bashirat Bola Bello     Ojo Isekuse     Mohammed Lawal     NYSC     Aliyu Sabi     Adamu Attah     Hameed Oladipupo Ali     Niyi Ogundiran     Sunday Popo-Ola     KWASSIP     Isaac Aderemi Kolawole     Ronke Adeyemi     Emir Of Lafiagi     Amos Bajeh     Lawan     NULGE     Isiaka Saka Opobiyi     CELF     Monthly Sanitation     Amos Sayo     Abdulrazaq Magaji     Raliat AbdulRazaq     Sheriff Shagaya     Sulyman Age AbdulKareem     Jebba     Atiku     Bashir Omolaja Bolarinwa     Tinubu     Eleja     Medview Airlines     Yusuf Amuda Aluko     Al-Hikmah University     Shola Odetundun     Oja-Oba     Aremu Bose Deborah     Tosho Yaqub     Mufutau Olatinwo     Veterinary Teaching Hospital     Kazeem Gbolagade     Yusuf Amuda Gobir     Simeon Ajibola     NURTW     Mustapha Akanbi     Jamila Bio Ibrahim     Esinniobiwa Quareeb     Binta Sulyman     Abdulrosheed Okiki     07039448763     Dasuki Belgore     Igosun     Kwara State Coalition Of Business And Professional Associations     Peculiar Allowance     Lawal Olohungbebe     Olatunde Olukoya     IF-K     Aisha Ahman-Pategi     Aisha Gobir     BECE     Bukola Ajikobi     Saka Keji     2017 Budget     Atiku Abubakar     Ahmed Bayero     Bayo Ojo     Women Radio     Bursary     Obayomi Azeez     Okin Biscuit     Lotus Bank     Kunle Suleiman     Oko-Erin     Ayobami Seriki    

Cloud Tag: What's trending

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

Harmony Holdings     Kudirat Arinola Lawal     Olomu Of Omu-Aran     Muyideen Ajani Bello     Binta Sulyman     Yomi Ogunsola     Marafan Shonga     Radio SBS     Saraki     AGM Professional Services     Oba Abu     Ayo Salami     Idofin     Obayomi Azeez     Kwara Primary Health Care Development Agency     Academic Staff Union Of Universities     Garuba Alikinla Shittu     Ibrahim Issa Jetti     Oluronke Adeyemi     Saadatu Modibbo-Kawu     Ibrahim Agboola Gambari     Oyelere Oyinloye     Maigida Soludero Transit     Abubakar B.M     Fulani     Student Learning Support Helpline     Mahfouz Adedimeji     TIIDELab     Usman Alkali Baba     Raliat Islamic Foundation     Saheed Akinwumi     Ibrahim Abdulkadir Abikan     JSSCE     HYPPADEC     College Of Education     Jare Olatundun     Kwara Restoration Project     Abubakar Imam     Labaeka     Lawal Olohungbebe     GRA     Freshvine Nigeria Limited     Towoju     Prince Mahe Abdulkadir     Adegoke Bamidele     Surajudeen Akanbi     Ella Supreme Tissue Paper     Ahmed Bolaji Nagode     Centre For Digital Economy     Emir Of Lafiagi     Shehu Alimi Foundation For Peace And Development     IDPU     Toyosi Thomas     Ganiyu Taofiq     Mohammed Lawal Bagega     Monthly Sanitation Exercise     Yunus Lawal     General Hospital     Mustapha Olanipekun     Societe Generale Bank Of Nigeria     Funmilayo Oniwa     Dan-Kazeem     Muritala Awodun     Abdulrazaq Solihudeen     Olaitan Buraimoh     Yakub Lai Gobir     Kayode Ibrahim     Ayo Adeyemi     Abdulhakeem Adelaja Amao     Abdulkadri Ahmad Alaiye     Al-Adaby     Mohammed Lawal     Alao Ayotunde     Asa     Tsaragi     Arca Santa     Adesina Simon Sodiya