Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,993,811 members, 7,294,655 topics. Date: Tuesday, 07 February 2023 at 06:43 PM

Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan (11502 Views)

INEC Apologises Over Drunk Returning Officer / Barnabas Bantex Loses Manchok Ward To PDP / Barnabas Bala Bantex To Run For Kaduna South Senate Seat (2) (3) (4)

(1) (Reply) (Go Down)

Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Blue3k2: 10:43pm On Apr 17, 2018
By John Shiklam in Kaduna

The Deputy Governor of Kaduna State, Barnabas Bala Bantex, has apologised over comments he made regarding the rejection of the $350 million World Bank loan request by the state government.

The Senate had rejected the $350 million World Bank loan, saying that the state already had an existing backlog of $231 million debt with a low internally generated revenue (IGR) status, adding that the facility would worsen the debt profile of the state.

The deputy governor, while representing Governor Nasir el-Rufai at the Law Week of the Nigerian Bar Association (NBA), Barnawa, Kaduna chapter on Monday, had said that the World Bank would not grant loan to any state if Kaduna is not included.
Bantex had also in an interview with journalists after declaring the event opened, said: “The World Bank are bugged with a moral issue. How do we deal with not approving or not giving out a loan for which a state government is fully qualified and approve to others, who I wouldn’t say are less qualified. That is the moral issue facing the World Bank.”

However, in a statement he personally signed on Tuesday, the deputy governor said in trying to highlight the issues surrounding the loan, during the NBA programme, he inadvertently strayed beyond affirming his sense of outrage.
“I wish to clarify statements I made yesterday (Monday) at a ceremony of the Barnawa branch of the NBA, regarding the World Bank loan for Kaduna State.
“As Deputy-Governor of Kaduna State, I am understandably unimpressed by the specious and unbecoming arguments that certain senators employed to deny my state a loan for which the World Bank had adjudged it eminently qualified” Batex said in the statement entitled “Clarification of Statement on World Bank loan.”
He said: “This same Senate passed loan requests for other states, including some that the World Bank has not yet approved.
“I therefore decided to point out the moral burden involved in refusing to endorse a loan request that had been approved for Kaduna State by the World Bank since 20 June 2017.

“If the World Bank’s positive assessment of the finances of a state is deemed irrelevant by the Senate, why would it accept the assessments made of other states by the same bank?”

According to him, “If the House of Representatives endorsed the loan based on the facts before the honourable members, why should the Senate let the frustrations of a few individuals lead them to abandon facts for sentiment?
“In trying to highlight these points, I inadvertently strayed beyond affirming my sense of outrage.

“It is certainly not for me to suggest how the World Bank chooses to relate with the Federal Government of Nigeria and its subnational entities.
“In fact, we do not wish the unfair treatment meted out to us on any other state or entity that is seeking development finance to build human capital and enhance their economic prospects.

“I regret the insinuations that came in off-the-cuff remarks I made after delivering the governor’s prepared text at the NBA event.
“It is neither my view nor that of the Kaduna State Government. These views have already been well articulated by the governor and the commissioner for finance.”

source: https://www.thisdaylive.com/index.php/2018/04/17/kaduna-dep-gov-apologises-over-remarks-on-world-bank-loan/

Front Page: Lalasticlala

3 Likes

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by ja2ken(m): 11:02pm On Apr 17, 2018
Hell rufai the tyrannical midget..

8 Likes 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by CodeTemplar: 11:07pm On Apr 17, 2018
Taking loans to pay terrorists?

11 Likes 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Obi1kenobi(m): 12:18am On Apr 18, 2018
I don't get why these Kaduna fellas are soooo determined to saddle that state with insolvency. Kaduna already has the largest foreign debt in Nigeria after Lagos, racking up over $238m in debt. Yet, they are determined to more than double it with little capacity to pay back.

11 Likes 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by uchman48(m): 12:19am On Apr 18, 2018
You don't need to aplogise, start packing your bags because the vehicle Nigerians hired to carry our cow president still have some space, (PVC motors), so just knw you are going to hell with hell rufai.

19 Likes 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Blue3k2: 12:29am On Apr 18, 2018
Ok dude just chill next time. The statement made for a good laugh at least.
Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Esseite: 6:10am On Apr 18, 2018
How do you seek $350m loan despite having a backlog of $285m debt?

Would you make such financial decisions with your very lives?

21 Likes 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by ican2020: 6:36am On Apr 18, 2018
Go and sin no more

1 Like

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Omeokachie: 6:48am On Apr 18, 2018
To think that a state government that goes about cap in hand to beg for loans can turn around and try to blackmail the same organization it wants to borrow from!


This shows that APC government will set the entire nation on fire if it does not get what it wants.


See them playing the "if I don't get it, then no other state will get it" gambit.

25 Likes 2 Shares

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by ZarahBuhari: 9:45am On Apr 18, 2018
Lol! Nigeria is running on debts with nothing to show for - Nigeria of yesterday is better than the Nigeria of today.


By the time the old finishes with the young eh.... Issorite

In the end CBN would come out with new policies on bank charges to make us pay these debts indirectly like they're already milking us through ATM maintenance charges today. Expect new policies from CBN soonest - The typical Nigerian would just wail as usual and nothing will happen.

11 Likes 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by greatman247(m): 9:45am On Apr 18, 2018
Since he said Other states owe and yet Senate does not have any problem with them, i feel he should state those states. Senate should stop playing politics with the country even though the Senate have a point though. I also feel Kaduna state should address the point made by the Senate by clearing the backlog of debt first before taking a new loan. And the Mr Deputy Governor does not have any right to determine who World Bank grant loan to, they make the decision not Kaduna State.
Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Bossontop(m): 9:45am On Apr 18, 2018
undecided
No be today una start dey fućkup na

7 Likes 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Lifeofpolice1(m): 9:45am On Apr 18, 2018
Isabelx21:
Bossontop:
undecided
greatman247:
grin
ZarahBuhari:
Lol
survival of the fittest

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Lanre4uonly(m): 9:49am On Apr 18, 2018
Ok. But he should be guided next time.
Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by JohnieWalker12(m): 9:49am On Apr 18, 2018
If the senator from Kaduna Sheshu sani contests for the highest office in Nigeria. I will gladly give him my vote and wait for Igbo presidency 2023.

4 Likes

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by ZarahBuhari: 9:50am On Apr 18, 2018
Lifeofpolice1:
survival of the fittest

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by IamaNigerianGuy(m): 9:51am On Apr 18, 2018
No need for apologies sir.
We know the terrorist mindset of the northern elite and now the world Bank leadership knows as well.

1 Like 1 Share

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by ottohan: 9:52am On Apr 18, 2018
The Senate had rejected the $350 million World Bank loan, saying that the state already had an existing backlog of $231 million debt with a low internally generated revenue (IGR) status, adding that the facility would worsen the debt profile of the state

Atleast d senate did d right thing , even if dey borrow, how do dey intend servicing the debt with their Low IGR..

The north has always been the burden of this country.

3 Likes

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by nabegibeg: 9:53am On Apr 18, 2018
Blue3k2:


source: https://www.thisdaylive.com/index.php/2018/04/17/kaduna-dep-gov-apologises-over-remarks-on-world-bank-loan/

Front Page: Lalasticlala

na aboki wetin una expect

dey act before they reason

1 Like

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Bustincole(m): 9:55am On Apr 18, 2018
Ur apology is not accepted

3 Likes

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Firefire(m): 9:59am On Apr 18, 2018
Useless APC party of rogues and terrorists.

3 Likes

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by Psalm18: 9:59am On Apr 18, 2018
El rufai has an unduly high sense of his worth, hence it transmits to those under him. I can't understand how the kaduna govt assumed it could dictate to WB how to disburse it's own money.
A case of a beggar having a choice

2 Likes

Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by fabrestove: 10:11am On Apr 18, 2018
Wait! So o Bally still dey alive? Wow
Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by DedeNkem: 10:28am On Apr 18, 2018
Corrupt Nigerian governors only borrow monies and loot them! They don't care about the debts!
Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by FrancisDiote(m): 10:32am On Apr 18, 2018
They need money to rig 2019 election
Re: Barnabas Bala Bantex Apologises Over Remarks On World Bank Loan by ollatobi: 11:32am On Apr 18, 2018
You can
be making more than 5,000 naira daily when you are serious in taking part in NNU activities.

Your referral earning, Daily login earning, Commenting, Sharing Sponsored Post, will earn you at least 30,000 - 50,000 naira or more every month.

Read more and register @@
https://nnu.ng/nip/?a=goldengenius


*Its Affordable Since Itbys
Just #1,600 To join*
☝☝☝☝☝☝☝


REMAIN BLESSED!!!

(1) (Reply)

President Buhari Returns To Abuja From Netherlands (Photos) / Is Nnamdi Kanu Preparing For War? See The Armored Tank He Poses With .PHOTOS / Court Adjourns Nnamdi Kanu’s Human Rights Suit To November 19

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 125
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.