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.

Isiaka Alikinla     Saka Keji     Ezekiel Yissa Benjamin     Babs Iwarere     Aishat Mohammed Lawal     Valsolar Consultoria     Adaramaja     Kwara 2019     School Of Nursing     Council Of The Wise     Lawal Jimoh     Shola Odetundun     Usman Alkali Baba     Olatunji Abdulmumeen     Freshvine Nigeria Limited     Bayo Lawal     Usman Yunusa     Yahaya Seriki Gambari     Umar Danladi Shero     Femi Ogunsola     Zaratu Umar     Bashir Badawi     Hamidu Olowo     Ahmed     IQRA College     Alumni Association Of The Federal Polytechnic Offa     Abubakar Abdulraheem     Ajuloopin     Mohammed Yisa     UNILORIN Alumni Association     Kulende-UITH     Mukhtar Shagaya     Budo Egba     Yusuf Amuda Abubakar     Dankaka     Abubakar Lah     Idowu Laro     Yakubu Mohammed Abdullahi     Alikinla     Jide Ashonibare     Ahmed Alhasssan     Suleiman Yahya Alapansapa     Sam Onile     Oladimeji Thompson     Bola Ahmed Tinubu     Bola Shagaya     Shehu Alimi Foundation For Peace And Development     Aliyu Muyideen     FERMA     Jamila Bio Ibrahim     Abdulganiyu Salahudeen     Ilorin Metro Park     Toyin Olayinka Tejidini     Shettima Of Ilorin     Bello Taoheed Abubakar     Yinka Aluko     Kwara Metro Park     Aminat Omodara     ANCOPPS     Edret Sabi Abel     Harmony Holdings     Salary     Irepodun     Moshood Mustapha     Henry Olaosebikan     Adeniyi Ojo     First Lady     Kamaldeen Gambari     Dar-Al-Handasah Consultants Ltd     Bolaji Abdullahi     Mohammed Kamaludeen     Olaitan Buraimoh     Tope Daramola     Tsaragi/Share     IFK     Kwara United     Omotoso Musa    

Cloud Tag: What's trending

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

Abdulrauf Yusuf     David Oyepinola Adedumoye     John Mayokun Dada     Sobi Specialist Hospital     Olokoba Sulyman     Emmanuel Olatunji Adesoye     Micheal Imodu-Ganmo Road     Muslim Stakeholders Of Kwara State     Iponrin     Ibrahim Mashood     Ileloke     Millennium Development Goals     Standard Organization Of Nigeria     Bareke     Kunle Akogun     Oloje     Abubakar Abdullahi Bata     Opolo Global Innovation Limited     Olaoye B. Felix     Sola Saraki University     Onilorin     Makama     Najim Yaasin     Egbewole     NAWOJ     Hamza Usman     Elerinjare-Ibobo     Iyiola Oyedepo     Awoye     CACOVID     Paul Olawoore     Ile Arugbo     Oba Abdulraheem     IEDPU     Surajudeen Akanbi     Arik     Dairo Kunle Paul     Kisra     Olayinka Olaogun     Egbejila     Saliu Ajibola Ajia     Peter Obi     Iqra Books     Elewu     Katibi Ibraheem Adeola     Olukotun Of Ikotun     Lola Olabayo     Mahmud Babatunde Baker     KWAFFA     Sam Onile     Centre For Digital Economy     Toun Okewale-Sonaiya     Nigerian Medical Association     Ayotunde Emmanuel Alao     08001000100     Samuel Adedoyin     Jani Ibrahim     Yomi Adeboye     JAAC     Ayinde Oyepitan     Saka Saadu     Tunde Oyawoye     Sherif Shagaya     Kwara Pdp     Jamiu Oyawoye     Kayode Ibrahim     National Pilot     Shuaibu Yaman Abdullahi     Olayinka Jelili Yusuf     AbdulGaniyu Kareem     Senate President     Ahmed Bayero     Is\'haq Modibbo Kawu     Ilorin Talaka Parapo     Dan Iya Of Ilorin     Clara Nwachukwu     Gbemisola Saraki