By Tunde Oyekola
The Kwara State government has urged the Federal Government to refund the sum of N4 billion outstanding from the state’s intervention in road projects.
The state also decried the drop on the federal allocations to all tiers of government in the country, adding that the development is having a debilitating effect on the running of government.
Briefing reporters Tuesday in Ilorin, the state capital, Senior Special Assistant to Governor Abdulfatah Ahmed on media and communications, Dr Muideen Akorede, said: “The council also called on the federal government to as a matter of urgency, refund all monies owed the state government from the implementation of federal projects executed in the state on it behalf.
“The council also noted the drop in the federal allocations to all tiers of government and emphasized the need for the federal government to release N4 billion outstanding from the state government’s intervention in Ilesa Baruba-Kosubosu road, Baruten local government by the previous administration so that this money can be devolved towards other pressing projects for the benefit of the people of the state.”
Dr Akorede added that council also approved the establishment of Kwara State Agency for Micro Small and Medium Scale Enterprises to manage all the funds provided by the state government.
Said he: “The agency when established will also run the N750 million micro credit for which over 48,000 businesses have benefited already, including the N2 billion the state government recently accessed from the CBN.
“The governor also emphasized the need to promote youth empowerment through entrepreneurship so that youths in the state will have the required training and mindset to be able to engage themselves and others.
“The major decision of the council was the approval for the establishment of a body to run small and medium scale enterprises (SMEs) in the state. You will recall that the state government signed a memorandum of understanding with the Central Bank of Nigeria (CBN) to access a sum of N2billion from the N320 billion Micro Small Medium Enterprises Development Funds (MSMEDF), which was launched by the by bank. Sequel to that development there is need for the establishment of an agency to serve as the special vehicle for the effective participation of the state in the programme became imperative.”