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.

Elesie Of Esie     Ahmed Mohammed Rifun     Kola Shittu     Tunji Moronfoye     KWAFFA     Tanke Road     Yahaya Abdulkareem Babaita     Hamid Bobboyi     Mohammed Khadijat Kubura     Okiki     Kassim Babamale     Ibrahim Mohammed     Hijaab     Awwal Jawondo     N-Power     Joseph Yemi Ajayi     Baba Isale     John Kehinde Salako     Suleiman Yahya Alapansapa     Goodluck Jonathan     Chief Of Staff     Durbar     Abubakar Aliagan     Maimunat Oloriegbe     KWATMA     Orisun Igbomina     Susan Modupe Oluwole     Sulyman Atolagbe Alege     Quareeb Islamic Association     Olomu     Saadu Gbogbo Iwe     Magaji Are     Yusuf Aiyedun     Ramadan     Olaosebikan     Abikan     Ajibola Saliu Ajia     Bibire Ajape     Dagbalodo     Tricycle Owners Association Of Nigeria     Ademola Kiyesola     Tunde Mukaila Mustapha     Baboko Primary School     Mogaji Aare     Abubakar Usman Jos     Temi Kolawole     Tope Daramola     Mufti Of Ilorin     Kwara Polytechnic     Ayinde Oki     Okanlawon Musa     Kpotum Mohammed Baba     Kale Ayo     Dauda Adeniran Adeshola     MMWG     Saheed Popoola     Ubandoma Of Ilorin     Naira Redesign     Tsado Manman     Muhammad-Mustapha Suleiman     Adeniyi Ojo     Kwara State Council Of Chiefs     Ariyo     Abdul-Rahoof Bello     Wahab Issa     Michael Imoudu National Institute For Labour Studies     Umar Bayo Abdulwahab     Bolaji Aladie     Osuwa     Hameed Oladipupo Ali     Yeketi     Igbaja     Mumeen Lah     Kisira     Mohammed Lawal     Samuel Adedoyin     ER-KANG Mining Nigeria Company Limited    

Cloud Tag: What's trending

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

Rapheal Ashaolu     Malete     Olatunde Jare     Idofin     Adama Isa     Omotoso Musa     Tafida Of Ilorin     SGBN     Isaac Aderemi Kolawole     Government House     Issa Oloruntogun     ER-KANG     Abubakar Kawu Baraje     JMK Construction Company Limited     Mahee Abdulkadir     Colleges Of Education Academic Staff Union     Mohammed Alabi Lawal     Peter Amogbonjaye     Amule Elementary School     Ayinde Oki     Ibrahim Orire     Abdulhakeem Adelaja Amao     Niyi Ogundiran     Esuwoye     Saheed Akinwumi     Ilorin Durbar     Wahab Abayawo     Taofeek Sanusi     Donatus Ejidike     Senate Presidency     Kazeem Adekanye     Kolawole Bashirat     Gamji Members Association     Radio SBS     Aliyu Kora Sabi     Seun Bolaji     Saliu Ajibola Ajia     Lotus Bank     Adebayo Mohammed Kamaldeen     Osinbajo     Elewu     Woro     Sabi     Baruba     Ilorin South Constituency     Femtech     Sunset Workers     NURTW     Ita-Ore     Ministry Of Women Affairs And Social Development     Abraysports FC     Suleiman Idris     Oke-Ode     Majlis For Sadakah, Zakat And Waqf     Abubakar Imam     Micheal Imodu-Ganmo Road     Abdulkadir Akanbi-Oke     Ambassador Kayode Laro     Mohammed Yahaya Barki     Ilorin International Airport     Kupchi Hosea Maxwell     Ahmad Lawan     Ahmed Alhasssan     Zainab Abass     Onilupeju Of Ilupeju     Saliu Tunde Bello     Wahab Femi Agbaje     Wahab Egbewole     RTEAN     Savannah Centre For Diplomacy, Democracy And Development     Olusola Saraki     AGM Professional Services     Olohungbebe     Olabanji Orilonishe     Abdulkareem Alabi     Olatunji Abdulmumeen     Kehinde Baale