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.

Aisha Ahman-Pategi     Nigerian Medical Association     Musa Ayinla Yeketi     Oyeyemi Olasumbo Florence     Bolaji Gambari     Goodluck Jonathan     Bola Tinubu     Rebecca Olanrewaju     Azeez Bello     John Mayokun Dada     Oba Abdulrahim     Yakubu Mohammed Abdullahi     Lafiagi     Dele Belgore     Folaranmi Aro     Mufti Of Ilorin     S.O. Opowoye     Raliat AbdulRazaq     Moshood Kashimawo Abiola     Idris Amosa Oladipo Saidu     Abraham Ojo     Olaitan Adefila     Yunus Oniboki     Dagbalodo     Lafia Aliyu Korasabi     Charcoal     Saka Asiat Ayinke     Aishat Sulu-Gambari     Emir Of Shonga     Alikinla     Umar Danladi Shero     FOMWAN     Olofa Of Offa     Elerin Of Adanla Irese     Ibrahim Mohammed     Kolo     Samuel Elizabeth Keatswa     2023 Elections     Olatunji Ayeni     Okoolowo     Taofeek Ibraheem     Kawu     Illyasu Abdullahi     John Dara     Mufutau Gbadamosi Esuwoye     Yusuf Lanre Badmas     Idowu Aremu     Transition Implementation Committee     Soffiyyallah Kamaldeen     Manzuma     Ahman Pategi University     Abdullahi Adisa Akodudu     Dauda Adeniran Adeshola     KWASEIC     Sheriff Olanrewaju     QuickWin     Ilorin Like-Minds     Yeketi     COVID     Oro Grammar School     Usman Rifun     Seun Bolaji     Simon Sayomi     Abdulganiyu Oladosu     Kwara Volleyball Association     Olaoye B. Felix     Sidikat Uthman Ajibola     Folashade Omoniyi     Kwara Hotel     Okiki     United Nigeria Airline     Obuh     Agor     Umaru Saro     NSCIA     Tunde Yusuf     Shuaibu Yaman    

Cloud Tag: What's trending

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

Mumini Ishola Hanafi     Baba-Isale     Isiaka Oniwa     Coalition Of Kwara North Groups     Gbenga Awoyale     Umar Adelodun     Presidential Election     Oba-Solagberu     SUBEB     Moro     Zulu Gambari     Abiodun Musa Aibinu     NIPOGA     Yakub Ali-Agan     Bayer Nigeria Limited     Omu Aran     David Oyepinola Adedumoye     Ojuekun Sarumi     Salaudeen Oyewale     Akande Idowu Ayoola Muhammed     Gbugbu International Market     Abdullahi AbdulMajeed     Nigerian Supreme Council For Islamic Affairs     Otuka     Jalala     Abdulkadri Ahmad Alaiye     Femtech     Isiaka Alikinla     Toyin Sanusi     Abdulkadir Orire     Savannah Centre For Diplomacy, Democracy And Development     KFA     Olayinka Olaogun     Ayekale     John Olobayo     Bilikisu Gambari     Albert Ogunsola     Bio Ibrahim     Hikmah AbdulKareem     Budo Egba     Javed Khan     Ita-Ore     Mashood Abdulrafiu Agboola     Oasis Muslim Care Foundation     Elerin Of Adanla     Ajibike Katibi     Shao     Kwara State Sports Commission     Amos Sayo     Gabriel Fashanu     Olugbense     Amina El-Imam     Oyelere Oyinloye     Hassan Abdulazeez Elewu     AbdulRaheem Ahmad Shayi     Al-Adaby     Amule Elementary School     College Of Arabic And Islamic Legal Studies     Ejidongari     Yusuf Lanre Badmas     Pacify Labs     Najim Yaasin     Roseline Oni Aremu     Awoye     IFK     Lawan     Oladipo Akanmu Tolani     Dapo Teni Nig Enterprise     A.E. Afolabi     AbdulGafar Tosho     Kwara 2019     Amusa Bello     Shuaib Olarongbe     Muhammad Ghali Alaaya     Bukola Ajikobi     Code Of Conduct     Sodiya