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.

Oloyede     Arinola Fatimoh Lawal     Yekini Adio     Offa Descendants Union     General Tunde Idiagbon International Airport Ilorin     Lateef Ademola Olatunji     JUSUN     Binta Abubakar-Mora     Sheikh Ridhwanullah     Bolaji Abdullahi     Matthew Okedare     Kanu Agabi     Ilorin Airport     Olatunde Olukoya     Bashir Badawi     Ahmad Ali     Omotoso     Isiaka Gold     Funmilayo Oniwa     Code Of Conduct Tribunal     Kwara Polytechnic     Ibraheem Abdullateef     Police Commissioner     Oluwole Dupe     Grillo     Gaa Olobi     Dar-Al-Handasah Consultants     Moronfoye     Kale Ayo     Eruku     Bahago     Ijagbo     Ishola Balogun Fulani     Basic Education Certificate Examination     KwaraLearn     Mumini Ishola Hanafi     Idris Amosa Saidu     Ilorin Descendants Progressive Union     Mohammed Ghali Alaaya     Lawal Jimoh     Omu-aran     Joseph Offorjama     Razak Atunwa     Ogbondoroko     Aiyedun     IYA YUSUF     Monsurat Omotosho     Diagnostic Centre     Bolakale Saka     Oyedepo     LEAH Charity Foundation     Revenue Court     CCT     Kwara NIPR     IF-K     Babatunde Ishola Babaita     Jimba Babatunde     Kwara Basketball Association     Oba Abu     Rihanat Ajia     Salman Suleiman     Haruna Olawale Sulaiman     Joseph Yemi Ajayi     Hussein Oloyede     NTA Ilorin     Micheal Imodu-Ganmo Road     Ado Ibrahim     Kwara State Fish Farmers Association     Abdulrauf Yusuf     Olosi Of Osi     Naira Redesign     Chemiroy Nigeria Limited     TIIDELab     Lanwa     Abdulkareem Alabi     Damilola Yusuf Adelodun     Radio SBS    

Cloud Tag: What's trending

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

Ajia-Bako     Dairo Kunle Paul     Muritala Olarewaju     Abdulkadir Jimoh     Saad Omo\'ya     Federal Polytechnic Offa     Issa Memunat Moyosore     Igbaja     Amusement Park     Durosinlohun Kawu     United Nigeria Congress Party     Mohammed Kamaludeen     Saraki     Curfew     Prince Mahe Abdulkadir     Muritala Awodun     Oba Sulaiman Asude     Danhawa     Kwarareports.com     Abdulrahman Abdullahi Kayode     Isapa     KWACOBPA     Sobi FM     Oba Mogaji Abdulkadir     Awoye     Ilorin International Airport     Ilorin Descendants Progressive Union     Bareke     Yusuf Mubarak     Abdulmumini Jawondo     March 18     Ahmad Olanrewaju Belgore     Government High School Adeta     Yusuf Ibitokun Sherifat     Timothy Olatunde Fadipe     Biliaminu Aliu     Yomi Adeboye     Borgu     Abdulrahman Abdulrazaq     Ilesha-Baruba-Gwanara     Kayode Alabi     Sherif Shagaya     Lithium Deposit     Local Government     Rotimi Atere     Femi Ogunsola     Yakubu Dogara     Maigida     Idi-Ape     Micheal Imoudu     Gabriel Fashanu     Vishvas KOZ Tractors     Temi Kolawole     Barakat Community Secondary School     Obayomi Azeez     Oladipo Akanmu Tolani     David Oyerinola Adedunmoye     Radio SBS     Muhammed Danjuma     Babata     Hydroelectric Power Producing Areas Development Commission     Ahmed Dankaya     Aishatu Ahmed Gobir     Abubakar Bature Sulu-Gambari     Saka Asiat Ayinke     IEDPU     Baba Issa     Niyi Osundare     Yusuf Abubakar     AbdulHakeem Ajibola Akanbi     Ifelodun     Ayo Salami     Bolaji Abdullahi     Col. Taiwo     Adam Abdullahi Al-Ilory     Sanitation Exercise     Yaman