The Lagos State chapter of the Peoples Democratic Party (PDP) on Sunday, July 26, 2015 gave Lagos State Governor, Akinwunmi Ambode some stick over his decision to obtain N39.4 billion loan from the World Bank.
Speaking via a statement issued by its Lagos State Publicity Secretary, Taofik Gani, the PDP said it was not prudent on the part of the governor to take on such a loan when he had not yet don a comprehensive book check on the finance of the administration of his predecessor, Babatunde Fashola.
The statement read in parts: “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 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.
“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.”
