Oyo State Governor, Abiola Ajimobi has warned the Minister of State for the Federal Capital Territory (FCT), Ms. Jumoke Akinjide and the Accord Party governorship candidate, Rashidi Ladoja, to stop appropriating his administration’s achievement to the Presidency.
Ms. Akinjide had urged the people of Oyo State to vote for Jonathan because the Federal Government helped the state access a $200 million World Bank loan to combat floods in the state while Ladoja said the state government should complete the Apete bridge with the loan.
In a statement by the Deputy Chief of Staff to the Governor, who also doubles as the Government Team Leader for the Urban Flood Management Project (IUFMP) Credit, Abimbola Adekanmbi, the governor said: “The Federal Government never facilitated any loan for the Oyo State government. It is a shame that Ladoja and his surrogate in the Goodluck Jonathan government, Ms. Akinjide, could connive to mislead the people to score cheap propaganda for the President.
“As a direct result of the devastation from the August 26, 2011 flood in Ibadan wherein hundreds of lives were lost and property and means of livelihood worth several billions of Naira were destroyed, the governor personally approached the World Bank on September 6, 2011 for financial support to address the various infrastructural challenges that arose from the flood and to also mitigate against a recurrence.
“He made a power-point presentation to officials of the bank who, impressed by his presentation, said they were pleasantly shocked that an Oyo governor could be that articulate, stating that they had long abandoned the state believing it had ‘left the radar of development.’
“In line with the World Bank procedure, the state government had to formalise the request for the financing through the Federal Ministry of Finance as was the practice. The entire credit arose from efforts to mitigate effects of the flood and to prevent/lessen any recurrence and should ordinarily be one that is insulated from politicisation, such as the junior minister is engaging in.
“Having obtained the World Bank go-ahead to begin preparation of the project, the state government, among other things, spent over N50million to conduct several studies and other preparatory activities including the setting up of a Project Implementation Unit (PIU) to secure the approval of the World Bank Board for the required credit facility.
“The bank’s board approval was granted on June 17, last year, following the negotiation meeting between the state and the World Bank Team at the bank’s Country Office, Abuja, on May 6, last year.
“The Federal Executive Council ‘s approval, which was granted on November 5, last year, was to formalise the credit as this is the practice when any state is obtaining such credit facility.”
Providing the relevant credit data on the project, the governor said aside the total credit facility, which is $200million, the government’s counterpart contribution was $20million, stating that the project moratorium was five years.
The statement also added that all credit effectiveness conditions had been met by the state and the project was waiting to be declared effective by the World Bank.
According to the governor, the role of the Federal Government in the transaction was purely to provide sovereign guarantee as required by the World Bank and not a gesture of the love of the President for the people “as garrulously gloated on by the junior minister and in no way did the Federal Government provide a single kobo towards the credit”.
Chiding Akinjide for this unbecoming act, Ajimobi said even a primary school pupil would be able to differentiate between the above developmental project and the Lagos- Ibadan Expressway quoted by Ms. Akinjide as achievement by the Federal Government.
Source: The Nation