ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home National

Kwara PDP faults Assembly for approving governor’s N35 billion loan request

- Says Assembly’s decision is ill-thought-out, disappointing, depressing - Challenges governor to account for huge financial inflows to the State since May 2019

27th January 2021
in National
0
Kwara PDP faults Assembly for approving governor's N35 billion loan request

Kwara Governor Abdulrahman Abdulrazaq

0
SHARES
110
VIEWS
Share on FacebookShare on Twitter

From Layi Olanrewaju, Ilorin

The People’s Democratic Party (PDP) in Kwara State has faulted the Kwara State House of Assembly for approving Governor Abdulrahman Abdulrazaq’s request to obtain a N35 billion loan, saying that the move would plunge the state into insolvency and hamper its capacity to meet future obligations.

In a statement by its state Publicity Secretary, Tunde Ashaolu, the party said by approving the ‘ridiculous and humongous’ loan request, the Speaker, Hon. Danladi Yakubu and other members of the House had shown that they do not care about the future of the state but were only out to satisfy their selfish interests.

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

The party averred that the decision of the Assembly to approve the loan request was ill-thought-out, depressing and disappointing, noting that the lawmakers are in the habit of approving whatever the governor puts on their table without considering its consequences on the future of the state and its people.

The Kwara PDP said it expected the House to have asked the governor to explain where the bulk of cash inflows into Kwara since May 2019 have gone to and also justify the reason for the loan request before approving it. The party also asked Governor Abdulrazaq to make public, a comprehensive utilization plan for the N35billion loan, for well-meaning Kwarans to see and debate its desirability.

It also challenged the Governor to account for the huge revenues that have flowed into the state since he assumed office, including federal allocations, grants and Internally Generated Revenue (IGR), before thinking of obtaining a loan.

Breaking!!! Earn up to N2 - N3 million monthly GUARANTEED (all paid in US Dollars). No training or refereal required. Do business with top USA companies like Amazon, Tesla, Facebook, IBM, Netflix, Zoom, etc. Learn more .

The statement reads in part:

‘Governor Abdulrazaq should explain to Kwarans how he spent over N60billion federally-allocated funds Kwara has received since he assumed office in May 2019 and all the internal revenue realized by the state including the N19.6 billion generated in 2020, as recently announced by the State Internal Revenue Service (KWIRS).

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .
Premature Ejaculation & "Small Joystick" Resolved in 7Days... Click Here For Details .

“Our party is worried that the growth in revenues of the state including monthly FAAC allocations and IGR, has not translated into better living condition for Kwarans. Despite an increase in revenues, Governor Abdulrazaq has failed to enhance the lives of our people through better infrastructures and sustainable programmes. Instead, the governor and his appointees have been using public money to finance their opulent lifestyle and party interests.

‘What has been the impact of our huge monetary inflows on the provision of infrastructural facilities, education, healthcare delivery, poverty alleviation, economy among others? We challenge the Governor to point at any significant project or programme he has executed or introduced since he assumed office. It is apparent that all that has been done by the administration of Governor Abdulrazaq isn’t commensurate with the huge financial resources that had accrued to the state since May 2019.

‘There is therefore no assurance that the government will ensure judicious use of the loan facility it wants to obtain. This is why well-meaning Kwarans must stand up and resist the Governor’s proposed borrowing that will plunge our state into insolvency and hamper its capacity to meet future obligations.

‘The Kwara PDP notes that the government can finance infrastructures and grow the state’s economy without resorting to reckless borrowings. As we earlier suggested, Governor Abdulrazaq should learn from immediate past Governor of the state, Abdulfatah Ahmed, who rather than borrowing, deployed his foresight to expand the state’s revenue base to finance critical infrastructure and programmes.

‘Governor Abdulrazaq should therefore look inward to improve the IGR base of the state, reduce the cost of governance, block leakages, stop awarding inflated and bogus contracts and ensure judicious use of the state available resources instead of throwing Kwara into unbearable debt burden and mortgaging its future.

‘The Kwara PDP concludes that as affirmed by a Chieftain of the All Progressives Congress, APC, Barrister Akogun Oyedepo on a radio programme yesterday, Governor Abdulrazaq was not prepared for leadership and has failed to fulfil to any of his campaign promises to Kwarans.’

Tags: Governor AbdulRahman AbdulRazaqkwara PDPkwara statekwara state economyKwara State House of AssemblyN35 billion loanPDPstate loans
David

David

Sun News Online team

Related Posts

Gov. Fintiri and the Uphill Battle for a Return to Dougirei Govt House
National

Gov. Fintiri and the Uphill Battle for a Return to Dougirei Govt House

22nd May 2022
2023: Jack-Rich pledges lasting solution to intractable security challenges
National

2023: Jack-Rich pledges lasting solution to intractable security challenges

22nd May 2022
Blasphemy: Killing of Deborah is sheer lawlessness – lawyer 
Cover

Protest erupts in churches nationwide over Deborah’s death 

22nd May 2022
Next Post
2023 Presidency: Kogi State lawmakers lobby for Yahaya Bello

2023 Presidency: Kogi State lawmakers lobby for Yahaya Bello

Jigawa disburses over 147 million to 239 health facilities

Jigawa disburses over 147 million to 239 health facilities

UN gives kudos to Kogi governor for including women in governance

UN gives kudos to Kogi governor for including women in governance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Highlights

PDP primaries: Aspirant for Enugu East Urban emerges unopposed 

Enough is enough of killing of Christians, CAN insists

Gender advocacy groups open Domestic Violence Clinic in Bayelsa

Don’t choose successor who’ll fight you, group warns Ugwuanyi

Anambra lawmakers mourn murdered colleague as gunmen kidnap another

We have overran PDP In Lagos, -APC group boast

Trending

Gov. Fintiri and the Uphill Battle for a Return to Dougirei Govt House
National

Gov. Fintiri and the Uphill Battle for a Return to Dougirei Govt House

22nd May 2022
0

  By Billy Graham Abel Yola As the 2023 general elections approaches, the Adamawa state political scene...

2023: Jack-Rich pledges lasting solution to intractable security challenges

2023: Jack-Rich pledges lasting solution to intractable security challenges

22nd May 2022
Blasphemy: Killing of Deborah is sheer lawlessness – lawyer 

Protest erupts in churches nationwide over Deborah’s death 

22nd May 2022
PDP primaries: Aspirant for Enugu East Urban emerges unopposed 

PDP primaries: Aspirant for Enugu East Urban emerges unopposed 

22nd May 2022
Enough is enough of killing of Christians, CAN insists

Enough is enough of killing of Christians, CAN insists

22nd May 2022

Follow us on social media:

Latest News

  • Gov. Fintiri and the Uphill Battle for a Return to Dougirei Govt House
  • 2023: Jack-Rich pledges lasting solution to intractable security challenges
  • Protest erupts in churches nationwide over Deborah’s death 
  • PDP primaries: Aspirant for Enugu East Urban emerges unopposed 
  • Enough is enough of killing of Christians, CAN insists
  • Gender advocacy groups open Domestic Violence Clinic in Bayelsa
  • Don’t choose successor who’ll fight you, group warns Ugwuanyi
  • Anambra lawmakers mourn murdered colleague as gunmen kidnap another
  • We have overran PDP In Lagos, -APC group boast
  • Alleged blasphemy: Ayokunle, other clerics lead Christians on peaceful protest in Ibadan against religious killings
  • Road to 2023: One killed as violence rocks PDP primaries in Bayelsa
  • Road To 2023: “There are only five Presidential Contenders in APC” – Fayemi
  • 2023: Osinbajo meets Kebbi APC delegates, says we deliberates on national issues
  • Obaseki’s aspirants emerge victorious in Edo PDP parallel primaries
  • Blasphemy:  Kaduna CAN protests Sokoto killings, attack on Bishop Kukah
  • Presidency 2023: Fayemi accuses APC of promoting mediocrity
  • APC, PDP primary: FAAN beefs up security at Abuja airport
  • Blasphemy: Plateau women, CAN protest murder of Deborah Samuel
  • Bayelsa  varsity promotes 188 lecturers, enrol 7,600 students in five years
  • Blasphemy: Anxiety in Borno over planned protests 

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....