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.

Gbugbu     Communication Network Support Services     Kwara Central     Majlis For Sadakah, Zakat And Waqf     Senate     Ubandawaki     Bio Ibrahim     Sulyman Buhari     Ghali Muhammed     Government House     Kudirat Arinola Lawal     Idowu Laro     Ilorin South Constituency     Ibrahim Abduquadri Abikan     Ogidi-Oloje     Olaiya Zuberu     Daud Adeshola     Abdullahi G. Mohammad     HAMFAT Clinic And Maternity     Ilesha-Baruba-Gwanara     National Information Technology Development Agency     Adebara     Sanusi Abubakar     Kishira     Hakeem Lawal     Abdul Jimoh Mohammed     Shero     Maigida Soludero Transit     Dagbalodo     Niyi Ogundiran     AbdulRazaq Abubakar Jiddah     Kumbi Titiloye     Umar Ayinla Saro     Saba Jibril     Shuaib Boni Aliyu     Musa Aibinu     Abdulrauf Yusuf     Ishola Moses Abiodun     Femi Gbajabiamila     Local Government     COVID-19 Palliatives     Alagbado     Gaa Olobi     Egbejila     Salihu Yahaya     Oko-Erin     Aremu Bose Deborah     NYSC     Dan Iya     Hajj     Olaosebikan     Igbaja     ITEM 7     Gobirawa     Okeose Christian Cementary     Senate Presidency     Oluwole Dupe     Muritala Awodun     Malete     Tuesday Assayomo     Popo-Igbonna     Read With Me     James Ayeni     Inside Kwara     Kehinde Boyede     Oko     Moshood Bakare     Abubakar Ndakene     Wale Oladepo     Ibrahim Taiwo Road     Jani Ibrahim     Abdulmalik Bashir Mopelola Risikatullahi     KWSIEC     Abdulmumini Jawondo     Omotosho     Amusement Park     Olumide Daniel Ibitoye    

Cloud Tag: What's trending

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

Lanre Badmas     Oba David Oyerinola Adedunmoye     Sambo Murtala     Michael Ologundea     Shero     Diagnostic Centre     Mary Arinde     Issa Oloruntogun     Rasaq Jimoh     Damilola Yusuf Adelodun     Shagari     Olaiya Lawal     Yoruba     KWACOBPA     Matthew Babaoye     Okiki     Abdullateef Abdussalam     Mumeen Lah     Obasanjo     Moronfoye     Abdullahi G. Mohammad     Zulu Gambari     Rebecca Olanrewaju     Omotoso     Segun Ogunsola     Idris Garba     Kupchi Hosea Maxwell     Yusuf Lawal     COVID     Afolabi-Oshatimehin     Yekeen Alabi     Sam Onile     Moshood Bakare     Kayode Laro     Zulkifli Ibraheem     Yusuf Zulu-Gambari     Ajibola Ademola Julius     Senate President     Ilorin Talaka Parapo (ITP)     Alagbado     National Broadcasting Commission     AbdulHamid Adi     Labaeka     Okin Group     Samari     Prince Sunday Fagbemi     Shehu Alimi Foundation For Peace And Development     Bayo Onimago     Idris Amosa Saidu     Taofik Abdulkareem     Centre For Peace And Strategic Studies     Kayode Ogunlowo     Ileloke     Elelu     20 Billion Bond     Jimoh Lambe Abdulkareem     Chief Imam Of Lafiagi     Guber Aspirant     NULGE     Saheed Popoola     Shola Odetundun     Adekunle David Dunmade     Wahab Issa     Sadiq Umar     Harrison Osauwagboe     Cassava Growers\' Association     Yaru     Sheriff Shagaya     Afetu Of Alabe     AbdulKareem Yusuf Danhawa     Agboola Babatunde     AbdulRazaq Abubakar Jiddah     Fatai Olodo     Quareeb Islamic Association     Opolo Global Innovation Limited     Ilorin Likeminds Foundation     Kayode Bankole