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.

Orisun Igbomina     Valsolar Consortium     Bello Bature     Ahmed Shuaib Buranga     GANZY     Dan Iya     Waziri Yakubu Gobir     Zainab Abass     Ado Bayero     Vasolar Consultoria     Ahman Patigi     Mahee Abdulkadir     Kwara State Health Insurance Agency     Bayer AG     Manzuma     Suleiman Abubakar     Abdulmumini Jawondo     CCT     Theophilus Oyebiyi     Rotimi Oyedepo     Is\'haq Modibbo Kawu     Oloriegbe     Abiodun Jacob Ajiboye     Abdulmalik Bashir Mopelola Risikatullahi     Countryside Emerging Leaders Fellowship     Mohammed Katsina Ahmed     Share     Mohammed Danjuma     Adeola Abraham     Durbar     Umar Saro     Timothy Olatunde Fadipe     Yakubu Shaaba     Abubakar Lah     Ayegbeni     Olumide Daniel Ibitoye     Atunwa     Yakubu Danladi     Adamu Attah     Turaki Of Ilorin     Aminat Ahmed     Timothy Akangbe     Bola Iyabo Ibiyeye Adisa     Akeem Lawal     Dauda Adesola     Bola Ahmed Tinubu     Abiodun Musa Aibinu     Ahmed     Jumoke F. Ajao     Iyiola Oyedepo     Wahab Abayawo     Geri-Alimi Split Diamond Interchange     Ilorin Amusement Park     Tunji Oyawoye     Muslim Media Watch Group Of Nigeria     Sulu Babaita Isiaka     Ballah     Imam Gambari     CT Ayeni     Basic Education Certificate Examination     Yusuf Amuda Abubakar     Daud Adeshola     Shehu Alimi Foundation For Peace And Development     SSA Youth Engagement     Fatai Garuba Labaka     Lasiele Alabi Yahaya     Sam Onile     Abdullahi AbdulMajeed     Bahago     Mashood Abdulrafiu Agboola     Royal FM     Simon Sayomi     Akanji     Ilorin West     Omotoso Musa     Rotimi Atere     Baba Issa    

Cloud Tag: What's trending

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

CACOVID     Abdul-Rahoof Bello     Arandun     High Court     Ayegbeni     Ajayi Okasanmi     Jaiz Bank     Shehu Jimoh     Baba-Isale     Michael Nzekwe     Abdulwahab Ololele     Sulyman Atolagbe Alege     Association Of Kwara State Online Media Practitioners     Bank Of Industry     Prince Bola Ajibola     Yunus Lawal     Ojuekun     Femi Agbaje     ASUU     Budo-Egba     Ijagbo Health Centre     Taofik Abdulkareem     Ahmed \'Lateef     Abdulrazaq Magaji     Alanamu     Binta Abubakar-Mora     Abdulrahman Abdulrazaq     Katibi Ibraheem Adeola     Ilofa     All Confederation Of Principals Of Secondary Schools     Hamid Bobboyi     Bola Olukoju     Owu Fall     Kwara North     Paul Olawoore     SUBEB     Playing Host     Ibraheem Abdullateef     Muhammad Fawaz Abubakar     Garba Ayodele Wahab     JAAC     Garba Ado Sanni     Abubakar Suleiman     Face Masks     Lukman Adeloyin     Federal College Of Education (Special), Afon     Yusuf Aiyedun     Vasolar Consultoria     Orisun Igbomina     Ilorin Water Reticulation     Otoge     Oluwatoyin Lukman     Mutawali Of Ilorin     Lai Gobir     Buhari     Kwara University Of Education     Elections     Esuwoye     Femi Ogunsola     Yahaya Muhammad     Ibrahim Oloriegbe     Galland Marcias     Tunde Kazeem     Emir Of Yashikira     Senate     Adaramaja     Sarkin Malamai     Oke-Oyi     Harrison Osauwagboe     Boko Haram     Rasaq Jimoh     Shuaib Abdulkadir     Tunji Moronfoye     Yusuf Abdulkadir     Mashood Dauda     Ibrahim Labaika     Islamic Development Bank