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.

Gbenga Olawepo     Gbajabiamila     Oluwatoyin Lukman     Temitope Ogunbanke     Mohammed Alabi Lawal     John Kehinde Salako     Kayode Oyin-Zubair     Omoniyi     Osinbajo     KSIRS     Funke Adedoyin     Mansurat Amuda-Kannike     Kwara State Television (KWTV)     Bamikole Omishore     Balikis Jawondo     Abdulsalam A. Yusuf     Bayo Onimago     Ejidongari     Sanitation Exercise     Ibrahim Agboola Gambari     Erubu Oba Zubair     Umar Yakubu Jaja     Saka Aleshinloye     Ilorin Metro Park     GGDSS Pakata     Oro Grammar School Old Students Association     Lateef Alagbonsi     Sobi Specialist Hospital     CACOVID     Garuba Alikinla Shittu     Saraki     ASKOMP     Kola Olota     Saidu Isa     Mohammed Kamaludeen     Geri-Alimi Split Diamond Interchange     Sobi Hill     Garment Factory     Oyin-Zubair     AGILE Programme     Adeleke Ogungbe     Olosi Of Osi     Mustapha AbdulGaniyu     Folorunsho Alao     Marafan Shonga     Convocation Ceremonies     Age AbdulKareem     Taofeek Sanusi     Saudat Abdulbaqi     Funmilayo Zubair     Yusuf Abdulwahab     Abubakar Baba Sulaiman     Kazeem Oladepo     Rasheed Jimoh     Simeon Sayomi     Federal Neuro-Psychiatric Hospital     Abegunde Goke     Anilelerin     IHS     Olayinka Are     Barakat Community Secondary School     Samuel Olusegun Adedayo     Savannah Centre For Diplomacy, Democracy And Development     GRA     Hassan Saliu     Saliu Tunde Bello     Amos Bajeh     Lanre Olosunde     Lai Gobir     Onilorin Of Ilorin     Kuliyan Geri     Olukotun Of Ikotun     Special Agro-Industrial Hub     Garba Idris Ajia     Haashim Initiative For Community Advancement     Jimoh Saadudeen Muhammed     Apata Ajele Secondary School    

Cloud Tag: What's trending

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

Oniye     Monthly Sanitation     Omoniyi M. Ayinla     Sebastine Obasi     Busari Alabi Alausa     Yahaya Seriki Gambari     Omoniyi     ASUU     Elections     Saudat Abdulbaqi     Academic Staff Union Of Universities     Afolabi-Oshatimehin     FERMA     Habeeb Saidu     Adesoye     Abdulrahman Abdulrazaq     Oke-Kura     Toyin Olayinka Tejidini     Emir Of Kano     Saheed Alakoso     Abdulrauf Aliyu     Tunde Oyawoye     Federal Road Maintenance Agency     Federal Polytechnic Offa     David Adesina     David Oyerinola Adedunmoye     AbdulHamid Adi     Bola Magaji     Turaki     Adewuyi Funmilayo     Taofik Abiodun Ahmed     Wahab Egbewole     Tunde Idiagbon Road     CACOVID     Ayo Opadokun     Mohammed Alabi Lawal     Ibrahim Abikan     Olajumoke Monsura Gafar     Offa Grammer School     Shuaib Boni Aliyu     Idowu Aremu     Abdulrauf Yusuf     Rex Olawoye     Kola Olota     Omu Aran     Muhammadu Buhari     Kwha.gov.ng     Yekeen Alabi     Adeleke Ogungbe     Kunle Suleiman     Maryam Ado Bayero     Bolaji Aladie     RTEAN     Babaloja-General     Funmilayo Mohammed     SWAN     Yahaya Muhammad     Salman Alada     All Peoples Party     Isiaka AbdulRazaq     Ishaq Oloyede     Yahaya Abdulkareem Babaita     Borgu     Kwara Basketball Association     Musa Ayinla Yeketi     Salihu Ajibola Ajia     Femtech     Muslim Stakeholders Of Kwara State     AbdulFatai Adeniyi Dan-Kazeem     Issa Oloruntogun     Overland     Kpotum Mohammed Baba     KWTV     Ogidi-Oloje     Kale Bayero     Opolo Global Innovation Limited     Ministry Of Women Affairs And Social Development