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.

Adekunle David Dunmade     Elekoyangan     NIPOGA     Ibrahim Sulu Gambari     Charcoal     Madawaki     Raliat Elelu-Habeeb     Femi Gbajabiamila     Kwara State Polytechnic     Ibrahim Bio     Abdulrahman Onikijipa     John Obuh     Kwara State Branch Of The National Library     Amos Bajeh     Amusement Park     Abubakar Suleiman     Labaeka     Kulende     Centre For Peace And Strategic Studies     Abatemi Usman     ANCOPPS     Abdulraheem Olesin     Isiaka Saka Opobiyi     Muhammed Taofeeq Abdulrazaq     George Innih     Isiaka Abdulrazak     Edret Sabi Abel     Oba Mogaji Abdulkadir     Ilorin West     Maigidasanma     Aro Yahaya     College Of Health     Islamiya Abdulraheem     Orisa Bridge     Abubakar Atiku     Ambassador Kayode Laro     Balogun Ajikobi     Yusuf Aiyedun     Ilorin South     Amada Jidda     Azeez Bello     Harafat E. Mukadam     EFCC     Seni Saraki     Yakub Lai Gobir     Micheal Imoudu     Abdulkadir Bolakale Sakariyah     Kunle Suleiman     Kwara 2023     Tunde Yusuf     Diagnostic Centre     Kisira     Alanamu     Shettima     Bashiru Makama     JSSCE     Kwara Teaching Service Commission     Peculiar Allowance     Yusuf Abdulkadir     Budo Egba     Ahmed Ayinla Jimoh     Nupe     Gbenga Olawepo     Bluenile Associates     Amuda Bembe     Ekiti     Alabi Lawal     Kamaldeen Gambari     Oko     Lateef Ademola Olatunji     Isiaka Yusuf     Opolo Global Innovation Limited     Ile Arugbo     Issa Memunat Moyosore     Olawuyi     Bolaji Abdullahi     Kassim Babamale    

Cloud Tag: What's trending

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

Musa Yeketi     Alimi Abdulrazaq     Mohammed Katsina Ahmed     Bareke     Mahmud Babatunde Baker     Onilorin     Abdulmajeed Abdullahi     Abdulwaheed Musa     NYSC     Shettima     Balogun-Ojomu     Rotimi Samuel Olujide     Gambari     Adesoye     Lawan     Gbenga Adebayo     Simon Sayomi     Ilorin Airport     Col. Adedipe     Abdulmumin Yinka Ajia     Marufat Oladosu     Abraysports FC     Henry Makinwa     Mutawali Of Ilorin     Teachers Specific Allowance     Khairat Gwadabe     Taofik Abiodun Ahmed     AbdulRazaq Jiddah     JAMB     Sheikh Alimi     Olofa Of Offa     Yoruba     Trade Lenda SME Fair     Amuda Musbau     Tafidan Kaiama     Adeniyi Ojo     NULGE     Majlis For Sadaqah, Zakat And Waqf     Waziri Yakubu Gobir     Magaji Nda     Oke-Kura     Dar-Al-Handasah Consultants     Afin Descendants Union Of Odo-Owa     Shagari     Ogidi-Oloje     Ilorin Likeminds Foundation     Ita-Nmo Market     Sidikat Uthman Ajibola     Temi Kolawole     Oba Sulaiman Asude     KWASEIC     Yusuf Zulu-Gambari     James Kolo     Amada Jidda     Adamu Atta     Oyedun Juliana Funke     Usman Rifun     Abdulkadir Remi Hawawu     Kwara State Pension Board     Age AbdulKareem     Kwara State Government     Mohammed Yahaya Barki     John Kehinde Salako     IFK     Sheikh Ridhwanullah     Emir Of Lafiagi     Idris Amosa Saidu     Ayinde Oyepitan     Salihu Jibril Garbi     Jumoke Monsura Gafar     Ilorin Like-Minds     Neo Mundo Ltd     V.O. Abioye     Ilorin Emirate Staff Association     HAMFAT Clinic And Maternity     Alumni Association Of The Federal Polytechnic Offa     IF-K