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.

KWIRS     Abdul-Rahoof Bello     Congress For National Consensus     Oloruntoyosi Thomas     Samuel Adedoyin     Saka Saadu     Oloyede     Third Estate     Oasis Muslim Care Foundation     Folashade Omoniyi     Oyin-Zubair     Countryside Emerging Leaders Fellowship     Laboratory-to-Product     Fatima Abolore Jimoh     Bankole Omishore     Kwara State Internal Revenue Service     Doyin Awoyale     Ayodele Kuburat Olaosebikan     Chief Imam Of Lafiagi     Saidu Yaro Musa     Balikis Jawondo     Umar Bayo Abdulwahab     Principal Private Secretary     Olabanji Orilonishe     International Vocational Centre     Kannike     Razak Atunwa     Atiku     Funmilayo Mohammed     Rice Farmers Association Of Nigeria     Ubandawaki     Muhammad Mustapha Suleiman     Ifelodun     Mamatu Abdullahi     Ahmed Idris Mohammed     Tunde Idiagbon Road     IYA ALFA NLA     Moshood Bakare     Akeem Olatunji     Kumbi Titilope     Saheed Akinwumi     Tunde Kazeem     Makama Of Kaiama     Ado Ibrahim     Taofeek Ibraheem     Wahab Femi Agbaje     Alfa Modibo Belgore     Ahmed Mohammed Rifun     AbdulKareem Yusuf Danhawa     Plat Technologies     Dankaka     Kwarareports.com     Yusuf Amuda Gobir     Marafan Shonga     Kawu Baraje     April 11     Shonga Farm Project     National Democratic Congress     Baruba     Hausa     Doyin Agbamu     Amuda Musbau     Taofik Mustapha     Toyin Sanusi     Toyin Saraki     Kwara Pdp     Issa Oloruntogun     Stephen Fasakin     Omar Gambari     PPS     Saliu Tunde Bello     Nurudeen Mohammed     Lithium Deposit     Alore     Oniye     Garuba Alikinla Shittu     Oke Sunna    

Cloud Tag: What's trending

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

Ile Arugbo     Abdulraheem Olesin     Earlyon Technologies     Kanu Agabi     Abdulhakeem Amao     KSIRS     Economic And Financial Crimes Commission     Paul Olawoore     Emir Of Lafiagi     NITDA     Sidikat Alaya     Kwara Hotel     Omotoso     Saliu Alamoyo     NULGE     Fatimah Abdulkadir     Ballah     Salman Alada     Sebastine Obasi     Emir Of Ilorin     Solomon Edoja     Summit University     Ganmo Power Sub-Station     Kwara NIPR     Tanke Flyover Bridge     Olokoba Abdullahi Ayinla     Ita-Nmo Market     Ibrahim Abdulqadir Abikan     Kwara Coalition Of Business And Professional Associations     Share-Tsaragi     JSSCE     Ibrahim Taiwo     Osi     Hussein Oloyede     Ilorin Curfew     Raliat Elelu-Habeeb     Moses Adekanye     Isaac Aderemi Kolawole     Lawyers Unite Against Corruption     Peculiar Allowance     Aisha Gobir     Abdulganiyu Oladosu     Aliyu Olatunji Ajanaku     Abdulrahman Abdulrazak     Aliyu U. Tilde     AbdulHamid Adi     Olanrewju Okanlawon Musa     Elerinjare-Ibobo     Musa Yeketi     Ibrahim Sulu Gambari     Gurei     Kwara Consultative Forum     Suleiman Idris     CCEPE     Okin Biscuits     Lafia Aliyu Korasabi     Ilorin Muslim Community     Bankole Omisore     Mufutau Olatinwo     Binta Abubakar Mora     Ahmad Belgore     Afonja Descendants Union     Wahab Isa     Sulyman Age AbdulKareem     Toyosi Thomas     UTME     Yusuf Amuda Aluko     Dumagi     Kishira     Hamidu Olowo     Bayo Onimago     Moshood Kashimawo Abiola     Rasheed Jimoh     Yakubu Dogara     Eleja Taiwo Banu     Taofeeq Olateju     Abdul-Rahoof Bello