Kwara Govt Denies Borrowing N93bn

Kwara Govt Denies Borrowing N93bn

Abdul Salaudeen, Ilorin

Kwara State Government has denied borrowing N93 billion over the last three years, describing the claim by Saheed Popoola as false and “totally out of line.


A statement by the Commissioner for Communications, Bode Towoju, said the interest of the people is paramount to Governor AbdulRahman AbdulRazaq and urged them to beware of rumour mongers who have started springing up poorly-calculated mischief in a bid to mislead the populace for selfish political gains. 

The commissioner was reacting to a claim by Popoola on a radio programme where he alleged that the state government had taken a total of N93 billion loan since 2019, describing it as “outright falsehood.”

“How can you come up with such preposterous propaganda when the facts of what the administration received are in public domain? 

“Government has spoken extensively on the bond it took, as well as the budget support/loan refinancing facility.

“There is a debt stock of N93 billion. For the sake of emphasis, as against the unfounded claims, the totality of this loan was not accrued over the last three years under the leadership of the executive governor of Kwara State, Mallam AbdulRahman AbdulRazaq.

“Past administrations left a foreign loan of $43 million. This is apart from the domestic debt of over N63 billion that this administration met on ground.

“This administration, for the three years it has spent, has only taken a bond of N27 billion, out of which only N12 billion has been drawn so far. The effect of what the administration has accessed can be seen in the numerous projects that are ongoing across the state. 

“Some N18.6 billion refinancing facility has also been given to all the states, including Kwara State, by the federal government to cushion the effects of the repayment of loans taken by past administrations and as a form of budget support”, the statement said.

The commissioner asserted that the loan secured by the present administration was for projects like the ongoing General Tunde Idiagbon flyover at Tankein, Ilorin, two campuses of the Kwara State University in Osi and Ilesha Baruba that were abandoned by the past administration and other monumental projects such as Osi-Obbo road, Ilesha Gwanara road and other projects that are ongoing.

Towoju advised Popoola to focus on the legislative business for which the people of his constituency elected him, rather than chase shadow on radio.

He called on Kwarans to get their Permanent Voter Cards, PVCs, and focus on the numerous achievements of the governor, without paving ways for “rumour mongers” and “fake news carriers.”

Tags assigned to this article:
Borrowingkwara state