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.

Yoonus Lawal     Fatimah Abdulkadir     Opolo Global Innovation Limited     Quarry Royal Valley     Tanke     Emir Of Ilorin     Usman Rifun     Adekunle David Dunmade     Bilikis Oladimeji     Lithium Deposit     National Union Of Road Transport Workers     Kuliyan Geri     Bisi Kristien     Umar Saro     Sulyman Atolagbe Alege     Joseph Alex Offorjama     Assayomo     Afolasade Opeyemi Kemi     Tunji Moronfoye     Abdullah Janet Amudat     Raliat AbdulRazaq     Oba-Solagberu     Barakat Community Secondary School     Bello Abubakar     Quran     Amoyo     Geri-Alimi Split Diamond Interchange     Saliu Oluwole     Ekiti     Nigeria Customs Service     Opaleke Bukola Iyabo     Ogidi-Oloje     Oloye     Ilofa     Jimoh Akani     Joseph Bamigboye     Plat Technologies Limited     Maigida     Adeniyi Ojo     Sherif Sagaya     Oyeyemi Olasumbo Florence     AGF Abdulrazaq     Yekeen Alabi     State Bureau Of Internal Revenue     Joshua Adeyemi Adimula     Kwara University Of Education     Yoonus Kola Olatinwo     Joana Nnazua Kolo     James Kolo     Mohammed Jimoh Faworaja     Shehu Salau     Michael Nzekwe     Yusuf Amuda Abubakar     Ohoro Of Shao     Zulkifli Ibraheem     Ajibola Ademola Julius     Sulu Babaita Isiaka     Ilorin Descendants Progressive Union     LAK Jimoh     Durbar     Ahmed Saidu Rufai     Kwara State Coalition Of Business And Professional Associations     Code Of Conduct     NaAllah     Mohammed Lawal     Imodoye Writer’s Enclave     Toyosi Thomas     Suwa-Arabs     Mutawali Of Ilorin     Rapheal Ashaolu     Olofa Of Offa     Sabo-Oke     Durbar Festival     George Innih     Alapado     Bello Taoheed Abubakar     Timothy Olatunde Fadipe    

Cloud Tag: What's trending

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

Sulu Gambari     Habeeb Abdullahi Al-Ilory     Adanla-Irese     Plat Technologies     Razak Atunwa     Bashir Badawi     Federal College Of Education (Special), Afon     All Peoples Party     Kwara State Fire Service     Saduki Lafiagi     Suleiman Rotimi Iliasu     Yusuf Ali     Abdulwahab Oba     A.G.F Abdulrasaq     Minister     Playing Host     Press Release     IPSAS     Jamiu Oyawoye     AbdulQowiy Olododo     Kwara Politics     Ahmed Shuaib Buranga     Ayinde Oki     IYA YUSUF     Adamu Attah     AbdulFatai Adeniyi Dan-Kazeem     Hassanat Bello     Iqra Books     Muritala Olarewaju     Marufat Oladosu     Abdul Jimoh Mohammed     Kwara Consultative Forum     Aishatu Ahmed Gobir     Sambo Murtala     SARS     Oye Tinuoye     Aminat Ahmed     Awodun     Oyedepo     Suleman Abubakar     Idris Amosa Saidu     Maryam A. Garuba     Ahmed Ayinla Jimoh     Kehinde Baale     Haashim Initiative For Community Advancement     Abdulrasaq Alaro     Ganiyu Abolarin     Oko Erin     Patigi Regatta     NAWOJ     Dauda Adesola     Oba-Solagberu     Abdulquowiyu Olododo     Mohammed Yisa     Alimi Abdulrazaq     Jimoh Lambe Abdulkareem     Dan Masanin     AbdulHamid Adi     Sardauna Of Ilorin     Logun     Yahaya Dumoye     Forgo Battery Company Limited     Ebola     Saheed Popoola     Ayobola Ipinlaiye     Amusa Bello     Durosinlohun Kawu     Abdulkarim Adisa     Peter Amogbonjaye     Abdulmajeed Wahab     Michael Nzwekwe     Gafaru Olayiwola Olorisade     Kwara Central     Ilorin International Airport     Olatunji Abdulmumeen     Kwara Volleyball Association     Nurudeen Mohammed