Kwara PDP tackles govt over N23bn bond
Kwara State chapter of the Peoples Democratic Party (PDP) at the weekend kicked against plans by the state government to source a N23 billion bond from the capital market.
The party in a statement by its caretaker committee chairman, Solomon Edoja, accused nthe government of “embarking on endless bond sourcing with no genuine reasons, all with the motives of impoverishing and liquidating the financial base of the state”.
The party said it passed a vote of no confidence on the state government for its failure to “implement people oriented programmes to eradicate poverty”.
The PDP also queried the rationale for the loan, urging it to emulate other state governments which implement people-oriented programmes without sourcing for loan.
“Why can’t Kwara State government borrow a leaf from states whose federal allocation fall in its categories and still perform wonderfully well in the delivery of the dividends of democracy without taking a dime from banks either in bond or the likes?, the party said.
But the state government in a reaction described the PDP’s comment as a deliberate act of mischief targeted at inciting the public against the government, saying the ploy to discredit the government would fail.
The state government accused the party of “attempting to incite public disaffection through mischief and disinformation”.
The government in a statement described the PDP’s criticism of its policies as the latest “in a futile campaign of fallacy and mischief against a high-performing government”.
The statement read in part: “The PDP is either completely out of touch with reality or plainly ignorant of public sector finance. It is obvious to all but the mischievous that Governor Abdulfatah Ahmed has remained high-performing since inception through lifetransforming programmes. These include the employment of 5000 youths, disbursement of N640 million to cooperatives, artisans and transporters, the reduction in KWASU fees, abolishing of tuition fees at senior secondary school level, payment of bursaries to students, rehabilitation of five general hospitals and massive overhaul of road, energy, education and water infrastructure, to mention a few”.