The Plateau State Government has replied the Minister of Youth and Sports Development, Solomon Dalung, for accusing the state governor, Simon Lalong of mismanaging over $2 billion loan.
According to the minister, the APC administration in Plateau was not prudent in managing resources.
The Commissioner for Information and Communication in Plateau State, Yakubu Dati, in a statement said Dalung’s allegations were false, and unfounded, and only meant to portray the state government in bad light.
The spokesman also said that the Lalong administration had been able to reduce the debt it inherited from its predecessor, Jonah Jang, by over 50 per cent
The statement reads:
“On the matter of the loan. It is still being processed and not released. This can easily be confirmed on the bank’s website as attached. The amount secured by the Federal Ministry of Finance is 11 million dollars and not 2 BILLION dollars being bandied. The facility was approved by the Federal Executive Council (FEC) meeting of Wednesday, July 26 2017. The loan was secured from the African Development Bank (AfDB) for the development of the Irish potato value chain, and the project is expected to create 60,000 jobs.
“Plateau State would be providing N599 million as counterpart funding for the project.The loan has a five years moratorium; thereafter, whatever remained of the loan would be paid at the rate of 1 per cent in 20 years. The loan would be used to develop the Irish potatoes value chain in 17 local local government areas of the state.