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.

Oladipo Akanmu Tolani     Kwara Consultative Forum     Oniyangi Kunle Sulaiman     Folorunsho Alao     Demola Banu     Oniye     Ilorin     Oro Grammar School Old Students Association     Innocent Okoye     Niyi Osundare     Elections     LEAH Charity Foundation     Olusola Saraki     Dapo Teni Nig Enterprise     Yomi Adeboye     Abdulmajeed Abdullahi     Abdullahi AbdulMajeed     Bola Ahmed Tinubu     Khadijat Ayoola Yusuf     Awoye     Sabo-Oke     Abdulrahman Abdulrazak     Ahmad Lawan     NIPOGA     Abdulmalik Bashir Mopelola Risikatullahi     08001000100     Coalition Of Kwara North Groups     John Olajide Adedipe     Olajumoke Monsura Gafar     Hassan Abdulazeez Elewu     Kwara Muslim Pilgrims Welfare Board     Abdulrasheed Na\'Allah     Ghali Alaaya     Umaru Saro     Wahab Olasupo Egbewole     Kamoru Kadiri     Mufutau Olatinwo     Ilorin East/South Federal Constituency     Erin-ile     Kehinde Baale     Mohammed Jimoh Faworaja     Aliyu Adebayo     Olatomiwa Williams     Balogin Alanamu     Lafiagi     3MTT     Aliyu Salihu     Barakat Community Secondary School     Amule Elementary School     Agboola Abdulraheem     Olatunde Olukoya     Illyasu Abdullahi     Afolasade Opeyemi Kemi     Jaiz Bank     Balikis Jawondo     Ahmad Uthman     Aliyu U. Tilde     Kehinde Boyede     Diagnostic Centre     Bello Taoheed Abubakar     Hamidat Sulyman-Yusuf     Yusuf Zulu-Gambari     Cornelius Adebayo     New Model Police Station     Hassan Oyeleke     Ahmed     Oasis Muslim Care Foundation     Kwara NIPR     Sa\'adatu Modibbo-Kawu     Yahaya Seriki Gambari     Congress For National Consensus     Ope Saraki     Saidu Isa     Aisha Gobir     Clement Yomi Adeboye     Yusuf Olaolu Ali     Elerin Of Erin-Ile    

Cloud Tag: What's trending

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

Yinka Aluko     Osuwa     Alagbado     Mufutau Gbadamosi Esuwoye     Aminu Ado Bayero     Ballah     Dapo Teni Nig Enterprise     Bolakale Saka     Isiaka Oniwa     Usman Alkali Baba     Aisha Gobir     Oni Adebayo     Suleiman Ajadi     Lawan     Kupchi Hosea Maxwell     Funmilayo Zubair     Ayo Salami     Kazeem Gbolagade     SAPZ Project     Paul Odama     Danladi     Kisra     Shururat Olatinwo     Omotoso Musa     Wahab Agbaje     Kemi Adeosun     Umar Danladi Shero     Special Agro-Industrial Hub     Okin Biscuits     Frootify     ASUU     Sheu Ndanusa Usman     Abdulwahab Ololele     Omar Bolaji Gambari     Femi Gbajabiamila     Modibo Kawu     Haruna Olawale Sulaiman     Tunji Moronfoye     Baboko Primary School     Taibat Ayinke Ahmed     KWASSIP     Abdulmumini Jawondo     Ophthalmological Society Of Nigeria     Oluwole Dupe     Savannah Centre For Diplomacy, Democracy And Development     Kwasu     Guber Aspirant     Dairo Kunle Paul     Hauwa Nuru     Suleiman Abubakar     Rice Farmers Association Of Nigeria     Abdulkareem Alabi     Metro Park     Gbenga Olawepo     Olomu     Bola Shagaya     Nigerian Army     HICA     Shehu Raheem Adaramaja     Tosho Yaqub     Hijaab     Taofik Abiodun Ahmed     Hassanat Bello     Olosi Of Osi     Saduki Lafiagi     M.Y. Abdulrahaman     Awili Pedro     Atiku     NIPOGA     Chief Imam Of Lafiagi     Farouk Salim     Abubakar Suleiman     Amoyo     Park     Kwara 2015     Nigerian Medical Association     Memunat Monsuma