The Lagos State chapter of the Peoples Democratic Party has berated Governor Akinwunmi Ambode for “hastily” obtaining a N39.4bn loan from the World Bank.
In a statement by its Publicity Secretary, Taofik Gani, on Sunday, the Lagos PDP advised the governor to rescind the decision to borrow pending the book check on all previously obtained loans in the state, especially by the last administration of ex-Governor Babatunde Fashola.
The PDP also described Ambode “as weak to fight corruption and block leakages” in the state.
“The party’s positions are on the heels of the reports of another World Bank loan and the recent announcement by the governor to scrap the state’s finance and administration department while renaming its administration and human resources department,” the statement said in part.
The PDP noted that “the history of loans in the state is very embarrassing and has plunged the state into local and foreign debts running into a trillion naira.”
“Why indeed will a state still run after a World Bank loan when such state realises an average of N27bn as monthly internally generated revenue?
Governor Ambode should have a rethink and be prudent,” it said.
The party also demanded for a detailed and public defence of the loan.
It said, “Again we reiterate that this administration will not be different from the two previous administrations in the areas of amassing unwarranted loans and fighting corruption in the state.
Governor Ambode does not have the will and cannot exert his authority to fight corruption in this state; otherwise all a governor should do in Lagos State is to block the leakages and the monthly IGR now standing at N27bn will definitely shove up.
“But alas, this governor is jittery to fight corruption and block the financial leakages because the state’s tax consultant firm, Alpha Beta, is believed to be the company of the governor’s godfather. Until the services and activities of the firm in the state are probed, Lagosians will continue to bear huge figures of loans in spite of huge IGR.”
Punch report.
The way monies are borrowed na wah..Is Lagos state broke?
Not broke is theif theif everywere
ReplyDeleteHe has started from where he stopped!
DeleteTinubu toy,in done send am.
Money issue everywhere in Naija. It is well with us.
ReplyDeleteHalos
DeleteIt is sometimes expedient to borrow to accelerate projects and development considering the fact that most of the income of the state government comes in trickles but aggregates into billions. The finance experts know this
ReplyDeleteTinubu keeps draining Lagos's funds...smh
ReplyDeleteLagos state is not broke and can't be broke with the plenty plenty tax that's bin collected here...
ReplyDeleteAll their loan I'm sure is for selfish reasons.
God will deal with u pple, Time will tell.
Am not surprised. He needs to settle his godfather and leader of his tribe.
ReplyDeleteHmmmmm......God is watching with 3D.
ReplyDeleteLagos state should not be broke because authoritatively Lagos Internal Revenue generates 25billionba month.
ReplyDeleteNo be small thing o
ReplyDeleteSofri o,Amode.
ReplyDeleteBefore you land your state in serious debt.
#WhiteDiamondOut
Broke? Lagos isn't and can't be broke,its where the money went/is that is d problem
ReplyDeletePDP has turned to the opposition.
ReplyDeleteNa wa o.
Hmmmm the way this people call money frightens me.
ReplyDeletea.k.a EDWIN CHINEDU AZUBUKO said..
ReplyDelete.
If the guy dey work then they should shut up abeg...
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***CURRENTLY IN JUPITER***
Lagos state broke
ReplyDeleteHow is that possible
good for the opposition party, when rivers State governor, Wike, borrowed N20b APC was talking as if they are saint now they borrowed N39b and expect PDP to clap for them
ReplyDelete15 Scriptural Passages on Peace
11 Scriptural Passages that Encourages Us to Continue
Ambode, abeg pay pensioners . pls my mama has not collected a dime since 2013 she retired as a teacher in lagos state. its fasholas fault we know. but do something b4 water pass garri
ReplyDelete