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Nairaland Forum / Nairaland / General / Politics / Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu (9149 Views)
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Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by NaijaRoyalty(m): 4:51pm On Mar 19, 2019 |
The Kwara Government on Tuesday said the state’s debt currently stands at N30.2bn with a monthly repayment of N496m. The Commissioner for Finance, Demola Banu, told newsmen in Ilorin that this was contrary to some speculations. According to him, the debt was N31.4bn in 2017 and N30.7bn at the end of 2018, contrary to social media speculation of N50.2bn. Giving a breakdown of the current indebtedness, Banu explained that the loan included N15.3bn balance of the Federal Government restructured loan, N4bn salary bailout, excess crude account loan outstanding of N9.3bn and vehicle loan balance of N128m. Others are the Commercial Agriculture Credit Scheme and Anchor Borrowers Programme Agriculture Scheme with respective balances of N646m and N679m as well as International Aviation College loan balance of N96m. Banu said that the repayment of N496m was being deducted from the state’s monthly federal allocation, adding that the figure included a monthly deduction of N39m as repayment for foreign loans obtained by the government in the 1970s. Banu said that the Federal Government restructured the state government’s short and long-term bank loans to reduce monthly repayment, while the state also benefited from a five billion salary bailout loan in 2015. The commissioner said that the excess crude account loans were Federal Government-backed bank facilities which served as seed money for the Kwara Infrastructure Development Fund (IF-K) and payment for ongoing projects in the state. He said that the CACS and ABP were state-government guaranteed Central Bank of Nigeria loans to farmers in the state. (NAN) https://punchng.com/kwara-debt-is-currently-n30-2bn-not-n50-2bn-says-commissioner/
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Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by ojun50(m): 5:12pm On Mar 19, 2019 |
Make them pay am, na them use am 3 Likes |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by richidinho(m): 5:13pm On Mar 19, 2019 |
Even at 50bn, its the lowest compared to states with highest IGR like Lagos (1trillion), Ogun (280bn), Kano (300bn) 4 Likes 2 Shares |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Amuocha: 5:16pm On Mar 19, 2019 |
Amazing clarification... Lai's APC would increase it to N120bln in 4 years time. Useless party 3 Likes 1 Share |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by NaijaRoyalty(m): 5:22pm On Mar 19, 2019 |
Amuocha: APC na useless party na 6 Likes 3 Shares |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Femich18(m): 7:12pm On Mar 19, 2019 |
30 Billion Kwa? |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Staro: 7:13pm On Mar 19, 2019 |
So small then 1 Like 1 Share |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by SOLUTION99(m): 7:13pm On Mar 19, 2019 |
How much Kaduna and Kano dey own |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Nobody: 7:13pm On Mar 19, 2019 |
What difference is? Maybe Abdulfattah paid 20bn because he will soon hand over. #cleanhouse. 1 Like |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by fikiman7000(m): 7:15pm On Mar 19, 2019 |
richidinho:Who's talking about IGR? 2 Likes |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by EponOjukwu: 7:15pm On Mar 19, 2019 |
richidinho post=: You forgot to add that of Abia State. Ebonyi nko? Anambra? Ikpeazu was accused of collecting loan to use and buy drinks and you're here talking nonsense. They are using the future of Amaniro and other Abians to pop Hennessey and you're typing nonsense here. http://247ureports.com/2018/09/ikpeazu-wastes-billions-on-drinks-as-state-plunges-into-perpetual-debt/ 11 Likes 3 Shares |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by DBossNG(m): 7:16pm On Mar 19, 2019 |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by yemmight(m): 7:16pm On Mar 19, 2019 |
What is amazing clarification. Even with 32billion gbese wetin dey take the money do? May be you think that figure is moi-moi. If Lagos take any loan, we all see what they do with it. Saraki and the gang sucked the state like it belong to them. Anyway. God dey. 7 Likes 1 Share |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by blackboy(m): 7:17pm On Mar 19, 2019 |
How much is mega rich Lagos debt? Them all day owe. |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by iammo(m): 7:17pm On Mar 19, 2019 |
Africans mostly Nigerians think debt is a sin or crime , without knowledge of your Credit worthiness, or income level 1 Like |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by DemolaUnbias(m): 7:20pm On Mar 19, 2019 |
Gbese for incoming Government |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Honor10: 7:20pm On Mar 19, 2019 |
NaijaRoyalty: PDP is more useless. 5 Likes 1 Share |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by ShameOnAPC: 7:20pm On Mar 19, 2019 |
Better than Osun state debts |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by EponOjukwu: 7:21pm On Mar 19, 2019 |
NaijaRoyalty: Ikpeazu collected loan and used the money to buy Hennessey. Election time, he's spraying kerosene on Igbos as if they are cockroaches. That man is the most stupid PhD holder globally. It is Governors like Ikpeazu that Igbos deserve. http://247ureports.com/2018/09/ikpeazu-wastes-billions-on-drinks-as-state-plunges-into-perpetual-debt/ 6 Likes 2 Shares |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Honor10: 7:22pm On Mar 19, 2019 |
richidinho: So compared That Lagos to kwara, or to Ogun or to Kano, at least we are seeing the effect in the states, what is the effect of kwara debt in the state. For your information, USA is the country with the highest debt, debt is nothing if it is use for something significant, not to be looted by PDP or use to pay salary. 6 Likes 1 Share |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by EponOjukwu: 7:24pm On Mar 19, 2019 |
iammo: Using debt to pop Hennessey like Ikpeazu nko? Every resource in the hands of profligate leaders is a curse. 5 Likes 1 Share |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by richidinho(m): 7:24pm On Mar 19, 2019 |
fikiman7000: what that my small grammar mean be say, Lagos with highest IGR is owing 1Trillion naira |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by iammo(m): 7:27pm On Mar 19, 2019 |
EponOjukwu: But he popped kerosene for them na 2 Likes |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by richidinho(m): 7:29pm On Mar 19, 2019 |
Honor10: Tell us what they did with the money, common light rail of 20yrs still uncompleted? 2 Likes 1 Share |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by penplus: 7:30pm On Mar 19, 2019 |
What was the money used for? 2 Likes |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by EponOjukwu: 7:31pm On Mar 19, 2019 |
iammo: I guess that's their own share. They drank kerosene like insects 1 Like |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Staro: 7:31pm On Mar 19, 2019 |
yemmight: Gerraway joor. Lagos debts is over #1 trillion. Now, tell us what the money was used for. Meanwhile, Lagos is still ranked as the second worst city to live in the world Lagos - Badagry road is uncompleted. They have not done a quarter of the work. The Lagos rail network is nearly abandoned. Lagos does not have a reliable public water system like most other cities, even Nigerian cities. 3 Likes 2 Shares
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Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by Honor10: 7:31pm On Mar 19, 2019 |
richidinho: They swallow it, Odenson |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by NaijaRoyalty(m): 7:36pm On Mar 19, 2019 |
Hmm |
Re: Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu by yemmight(m): 7:37pm On Mar 19, 2019 |
Staro: Please list for me what they used the money for in Kwara ans I will list that of Lagos for you. Simple. 3 Likes |
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