Governor explains why Kwara withdrew from Fitch (Video)

Kwara State Governor - Alhaji Abdulfatah Ahmed explains why the State decided to step down its participation in the Fitch Ratings.

The Governor said the State had requested a Fitch Rating as a prelude to raising funds from the Capital market in 2008/9 and to benchmark against best practices in financial management.

According to Ahmed, Kwara State which was the first State in the country to be rated by Fitch, no longer needed the annual rating for its transactions - insisting that the State joined for specific transactional purposes.