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.

Olomu     Universal Basic Education Commission     Onikijipa     Otuka     Bolaji Nagode     Oluwatoyin Lukman     Clement Yomi Adeboye     Rasaq Jimoh     Yomi Adeboye     Yahya Mohammed     Salihu Ajia     JAAC     Oba-Solagberu     March 28     Femi Oladiji     Makama     Offa Metropolitan Club     Tafida Of Kaiama     Ojuekun Sarumi     COVID     Durbar     Umar Yakubu Jaja     AbdulFatai Adeniyi Dan-Kazeem     Ayo Salami     Ibrahim Gambari     Lola Ashiru     Umar Saro     Salman Alada     Oba Sulaiman Asude     Agboola Babatunde     Abdullateef Abdussalam     Al-Adaby     Obasanjo     Goodluck Jonathan     Islamiya Abdulraheem     CCEPE     Ubandawaki     John Obuh     Yunus Lawal     Amos Sayo     Galadima     Ridwan Agboola     Abdulmumini Jawondo     Aisha Ahman Pategi     Plat Technologies     Oye Tinuoye     Roseline Oni Aremu     Oloje     Kwara-SAPZ Project     Babaloja-General     Col. Adedipe     Sulyman Age AbdulKareem     George Innih     Economic And Financial Crimes Commission     Amuda Bembe     Memunat Monsuma     Senate President     Alaaya     Bayo Ojo     Kwara Central     Salman Jawondo     Kayode Issa     Saliu Oluwole     Amosa     Bashiru Makama     Garba Dogo     Akorede     Mohammed Ibrahim     Jamila Bio Ibrahim     Oladimeji Thompson     Aminu Adisa Logun     Ophthalmological Society Of Nigeria     Okin Group     Abdul Jimoh Mohammed     Yusuf Babatunde Abdulwahab     Joseph Alex Offorjama     Tunde Akanbi    

Cloud Tag: What's trending

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

Aishat Mohammed Lawal     Sunday Otokiti     Okiki     Opaleke Bukola Iyabo     Muhammed Abdullahi     Abdulrahman Onikijipa     Shuaib Abdulkadir     Bayo Ajia     Saliu Mustapha     Aishat Sulu-Gambari     Kayode Laro     Kale Belgore     Taofeek Sanusi     Abdulrauf Yusuf     IYA YUSUF     Ubandoma     Maigida Soludero Transit     Umar Danladi Shero     Taofik Abdulkareem     Suleiman Abubakar     Usman Rifun     Baba Issa Awoye     TIC     Crystal Corner Shops     Salake     Valsolar     Ariyo     Ilorin Curfew     Sa\'ad Alanamu     Muazam Nayaya     Bello Bature     Ibrahim Abduquadri Abikan     Abubakar Abdullahi Bata     Kisira     Bayo Onimago     Jide Oyinloye     John Obuh     Yunus Lawal     Saheed Popoola     Abubakar Usman Jos     Sa\'adatu Modibbo-Kawu     SWAN     Ajikobi     Rice Farmers Association Of Nigeria     Kwara South     SUBEB     Budo Egba     Lawyers Unite Against Corruption     Nigeria Governors\' Forum     Issa Memunat Moyosore     Mufutau Gbadamosi Esuwoye     Olota Of Odo-Owa     Alliance For Democracy     Okanlawon Taiwo     Ibrahim Oloriegbe     Jeunkunu-Malete-Bani     Abdulrauf Aliyu     Abdulmumin Yinka Ajia     Idi-Ape     NULGE     Sulu Gambari     Adedayo Yusuf Abdulkareem     Umar Yakubu Jaja     Kamaldeen Kehinde     Abdullahi Atanda     Abiodun Musa Aibinu     Egbejila     Mohammed Abduraheem     Ilorin West     Abdulfatah Ahmed     Onilorin Of Ilorin     Damilola Yusuf Adelodun     Oye Tinuoye     Bello John Olanrewaju     Abdulganiyu AbdulAzeez     Lawan     Obuh