News
PDP, Kwara Govt exchange words over state’s finances, debt
PDP Chairman, Hon. Babatunde Mohammed, asserted during a press conference that the APC-led government, headed by Governor AbdulRahman AbdulRazaq, fell short of expectations given the substantial revenue inflow from both the federation account and Internally Generated Revenue (IGR). Despite increased revenue and debt accumulation, he contended that Kwara’s development was not commensurate.


The primary opposition party, the People’s Democratic Party (PDP), and the Kwara State Government engaged in a verbal dispute on Tuesday regarding the state’s financial performance and debt situation.
PDP Chairman, Hon. Babatunde Mohammed, asserted during a press conference that the APC-led government, headed by Governor AbdulRahman AbdulRazaq, fell short of expectations given the substantial revenue inflow from both the federation account and Internally Generated Revenue (IGR). Despite increased revenue and debt accumulation, he contended that Kwara’s development was not commensurate.
Babatunde cited examples, including over N134 billion remitted by KWIRS to the government between 2019 and 2022, and a total of over N200 billion from the Federal Accounts Allocation Committee (FAAC) up to October 2022.
Despite these figures, he pointed out that Kwara’s debt had risen from around N30.2 billion in March 2018 to approximately N110 billion by September 2022, with no substantial projects to show.
In response, the state government, in a press statement by Chief Press Secretary Rafiu Ajakaye, accused the opposition party of disseminating false information.
They highlighted discrepancies in the PDP’s claims about the amount left in the treasury in May 2019, varying from N5 billion to N10 billion, while asserting that their administration left a public debt of at least N100 billion.
The government emphasized that their financial records were transparent and available on the state’s official website.
They also detailed the allocation and usage of a N27.260 billion bond for various projects, including roads, a garment factory, flyover, and industrial park, and refuted the PDP’s allegations of inactivity.
The government concluded by questioning the credibility of the PDP’s financial claims and contrasting their progress with the previous administration’s unfulfilled projects.
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