The New Nigeria People’s Party (NNPP) in Ogun State has rejected the N250 billion loan being sought at the bond market by Governor Dapo Abiodun, describing it as outrageous and an attempt to put Ogun up for sale.
Newspot recalls that the Ogun House Assembly recently approved a request by Abiodun to borrow N250 billion.
It was said that the money, when borrowed, would help in stimulating and growing the state’s economy in the next three years.
The bond, government said, would be accessed in tranches of N100 billion every year.
Newspot observed that since the approval by the lawmakers, the loan request has been generating discussions among Ogun indigenes, especially on social media.
But Gov Abiodun, through his Special Adviser on Communication, Remmy Hazzan, had justified the need for the N250 billion loan on different platforms.
Hazzan had said the loan will cushion the effects of the COVID-19 pandemic on the state’s economy, especially in the face of dwindling receipts from federal account and Internally Generated Revenue.
However, the NNPP said it condemned, in its totality, the “approval given to Gov Abiodun by the Ogun State House of Assembly without due process.”
The Chairman of the party in Ogun, Olaposi Oginni, told Newspot in an exclusive interview that the N250 billion loan was an attempt to put Ogun State up for sale.
Asked to clarify this, Oginni said, “The good people of Ogun State and generations yet unborn are the collateral for the loan!
“The Governor is not using his company as surety for the loan; neither is any Assembly member using personal identity to secure the loan.
“The tenure of Gov Dapo Abiodun will expire in less than 30 months. If this Government successfully takes the loan now, the burden of repayment of the loan will surely be on the shoulder of the good people of Ogun State and the next Governor.”
On claims that the bond would help in aiding the infrastructural development of the State, the NNPP chieftain said Gov Abiodun has not convinced Ogun residents.
“The Governor hasn’t convinced anyone about serious infrastructural development. Are we going to continue to celebrate mediocrity?” he queried.
According to him, the “Adigbe-Opako bridge that collapsed recently is a testimony of Prince Dapo Abiodun administration’s substandard and fraudulent road contracts.”
Consequenly, the Ogun NNPP demanded that the State House of Assembly should reverse itself on what it termed “the controversial loan.”
The party also requested that Gov Abiodun represent a “reasonable figure” by following due process of adequate consultation with all stakeholders while asking him to attach an excerpt of the State Executive Council’s decision on the subject matter to the loan request.