Monday 30 May 2011

Group berates Mimiko over N30bn bonds

HAKEEM GBADAMOSI
A political group in Ondo State, Sunshine Liberation Forum (SLF), at the weekend called on the state Governor, Dr. Olusegun Mimiko to explain the justification behind the decision of the state government in raising N30 billion bonds from the financial market.

The coordinator of the group, Mr. Victor Ojo, who stated this while addressing journalists in Akure said the state governor failed to update the people of the state the motive behind the bonds and the specific projects the money would be expended on. Ojo said the state government and the state House of Assembly failed to consider the effect of the bonds on the people of the state before the state Assembly “hurriedly” passed the bill. According to him, the state has nothing to do with borrowing based on the quantum of fund coming to it from the Federation Account and the Internally Generated Revenue (IGR).

The group expressed dissatisfaction of the state government in performing the functions of a local government, which he said, had rendered the local government executives useless. He said: “I can’t imagine a situation in Ondo State, our state government has gone back and fallen below standard of a state government, what we have today is a situation where our state government has taken over and functioning under the fourth schedule of our Constitution that provides for the functions of local government. “The sections in the schedule provide that the main function of local government is to build markets and motor parks, what the state government is doing today is the building of market stalls and making the people of the state believe that that is the best thing that can happen to our state. “The Sunshine Liberation Forum has come to place as a result of the identified degeneration, that before this state further degenerates, we should stop them and make them realize that these functions the state government is celebrating are suppose to be performed by local governments. “We are into a rescue mission, to rescue this our generation and the government after this because if this state government met N34 billion as they claimed, monthly allocation and IGR has not stopped, then why are we borrowing again?” The group which made its readiness of fusing with the Action Congress of Nigeria (ACN) known added that the state should have utilized the monthly allocation and the N38 billion left in state’s purse by the former governor of the state Dr. Olusegun Agagu for the development of the state.
Source: National Mirror

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