Peoples Democratic Party in Kwara State has warned Governor Abdulrahman Abdulrazaq against getting more loans, adding that such was tantamount to mortgaging the future of the state.
The loan, according to the governor, would be used to finance infrastructure gaps and other commitments which could not be met due to the effect of repayment of existing Federal Government intervention facilities. According to the party, with the N18.74bn loan from the Federal Government, the governor has succeeded in incurring over N50bn loans within the space of five months.It also asked the governor to account for the revenues that had flowed into the state since he got to power, noting that Kwara had received in revenues over N280bn within a little over two years of his administration.
Source: Loan Digest (loandigest.net)
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