The Peoples Democratic Party (PDP) in Kwara State has carpeted the House of Assembly for approving Governor AbdulRahman AbdulRazaq’s request to obtain N35 billion loan.
It said the move would plunge the state into insolvency and hamper its capacity to meet future obligations.
PDP’s spokesman Tunde Ashaolu said by approving the “ridiculous and humongous” loan request, the House had shown that it did not care about the state’s future.
The party said the decision of the Assembly to approve the loan request was “ill-thought-out, depressing and disappointing.”
It noted that the lawmakers are fond of approving whatever the governor puts on their table without considering its consequences on the future of the state and the people.
Kwara PDP said it expected the House to have asked the governor to explain where the bulk of cash inflows into the state since May 2019 had gone to and also justified reason for the loan request before approving it.
It asked Governor AbdulRazaq to make public a comprehensive utilisation plan for the N35 billion loan, for citizens to see and debate its desirability.
The party challenged the governor to account for the huge revenue that had flowed into the state since he assumed office, including federal allocations, grants and Internally Generated Revenue (IGR), before thinking of obtaining a loan.