Nasarawa state Accountant General, Muhammed Musa has uncovered that a whooping amount mounting to the tune of N4.6bn from the federation account under Mr. President’s Subsidy Reinvestment and Economic Program has been release to Nasarawa state.
The A.G stated this during an exclusive interview with selected journalist at his office, The Accountant General confided that Nasarawa state got N4.6bn as from May 2012 to April 2014 which was barely two years of the program.
He opined that a whooping N200m was accrued to the state by the central Government monthly, The A.G maintain that the N200m was intervention in the education, health and Youth Empowerment and Agriculture.
Muhammad Musa stated this while reacting to claims by some members of the opposition in the state accusing the state Governor, Umaru Tanko Al-Makura of diverting N6.5bn accrued to the state under sure-p program of the Federal Government.
“We have our financial reports intact right from sure-p fund and federal allocation since the inception of this regime,Our administration is build on the fortress of transparency and prudent management of tax-payers resource, He added.
The Accountant General asserted that the state Government has succeeded in settling the paris club debt and other contractual liabilities mounting to the sum of N30bn,He said the sum of N209m was monthly deducted from the source.
Speaking on the debt profile of the state, He said the current regime has access a foreign loan to the tune of N10bn,The A.G affirmed that the House of Assembly approved a bond of N20bn,Musa attributed the present economic meltdown to the slash in the loan.
He opined that the sum of N5bn from the bond was earmarked for the construction of hostels in the state owned tertiary institutions which he listed among Nasarawa State University Keffi (NSUK) College of Education (COE) Akwanga, College of Agriculture (COA) Lafia and Nasarawa State Polytechnic Lafia.
He said the construction of hostel was meant to tackle the pervasive shortage of hostel accomodation, other purposeful projects to be embarked under the loan is the construction of modern markets in Kefffi, Lafia and Karu.
When ask whether the state Government will pay back the N20bn loan, The A.G buttressed that the N20bn loan will be paid before the expiration of the present regime which will elapse on 29th May 2014.
