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.

Moshood Kashimawo Abiola     Abiodun Musa Aibinu     Mohammed Jimoh Faworaja     Sulyman Tejidini     Ibrahim Mashood     Mohammed Yisa     Tsaragi-Share     Neo Mundo Ltd     JAAC     Belgore     Olukotun Of Ikotun     Facemasks     GRA     Taofik Mustapha     Hassan A. Saliu     Sulyman Atolagbe Alege     A.G.F Abdulrasaq     Timothy Olatunde Fadipe     Akorede     Abdulganiyu Oladosu     MalHub     Ahmed Dankaya     Jamiu Oyawoye     Ahmed     Abdulrazak Shehu Akorede     Mamman Saba Jibril     Kisira     Halidu Danbaba     YAKOOYO     Shonga Farm Project     April 11     David Adesina     Aminat Omodara     General Hospital, Offa     Saheed Akinwumi     General Hospital     Road Transport Employers Association Of Nigeria     Omu-aran     Isiaka Oniwa     Shehu Raheem Adaramaja     Saliu Tunde Bello     Ibraheem Abdullateef     Aliyu Kora-Sabi     Abdulrasheed Na\'Allah     Bareke     Ilorin Likeminds Foundation     Mujtabah Bature     Revenue Court     Oyedepo     Adedayo Yusuf Abdulkareem     Peculiar Allowance     Sidikat Alaya     Monthly Sanitation Exercise     Aliyu Adebayo     Offa Poly     Tunde Mukaila Mustapha     Lanwa     Olubukola Kifayat Adedeji     Wasiu Onidugbe     Javed Khan     Jebba     Agbarigidoma     Eghe Igbinehin     Moji Makanjuola     Centre For Peace And Strategic Studies     Alfa Modibo Belgore     IEDPU     Laboratory-to-Product     Moses Rahman Popoola     Post Utme     Ethical College     Alumni Association Of The Federal Polytechnic Offa     Countryside Emerging Leaders Fellowship     IYA ALFA NLA     Funmilayo Isiaka Oniwa     Moronfoye     Kisra    

Cloud Tag: What's trending

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

Christopher Tunji Ayeni     Ilorin Metro Park     Durosinlohun Kawu     Saadu Yusuf     Al-Hikmah University     Dairo Kunle Paul     Oba-Solagberu     AbdulRazaq AbduMajeed Alaro     Issa Memunat Moyosore     Maigida     Usman Alkali Baba     Saadu Gbogbo Iwe     Kola Olota     Ganmo     Aminu Adisa Logun     Olomu     Bayo Lawal     Local Government     CELF     Kayode Ogunlowo     Timothy Olatunde Fadipe     Ganmo Power Sub-Station     Samuel Adaramola     Durbar     James Kolo     Hakeem Lawal     Elesie Of Esie     Danhawa     Hassan Taiye Salam     Moremi High School     March 18     Ilorin Emirate     Musa Yeketi     Dauda Adeniran Adeshola     Opobiyi     CUTI     Umar Adelodun     Kolo     Saheed Popoola     Hamidat Sulyman-Yusuf     Bukola Ajikobi     Igosun     Baba-Isale     Christian Association Of Nigeria     Kwara University Of Education     Sarah Jubril     Kayode Ibrahim     Kunle Akogun     Shuaibu Yaman     Kisra     Yusuf Ibitokun Sherifat     Muhammad Fawaz Abubakar     Aminu Ado Bayero     George Innih     Kayode Alabi     Fola Consultant     Kwasu     Sherif Sagaya     Mohammed Jimoh Faworaja     Yeketi     Arandun     Muftau Akanbi Oke     Bello Bature     Segun Abifarin     IFK     Abubakar Imam     Olokoba Abdullahi Ayinla     Wahab Issa     Tunde Saad     Kwarareports.com     Abdulrahman Iliasu     Ajase-Ipo     Ilorin East/South Federal Constituency     Hikmah AbdulKareem     Ilorin East     Yetunde Balogun     Abioye Bello