x

Benue Assembly Approves Gov Ortom’s Request to Access N11. 6Bn Loan Facility

By Isaac Kertyo, Makurdi

Benue State House of Assembly has granted approval to enable Benue State Governor Samuel Ortom access over N11.6 billion loan facility from the bank.

The approval was sequel to correspondence from Governor Samuel Ortom to the House which was read by the Speaker, Mr Titus Uba at plenary.

According to Ortom, the loan facility is to finance counterpart funds obligation, infrastructure development and other needs of Government.

The Governor explained that, due to the inability of the state government to access the fourty billion naira bond which was approved by the house for the same purpose but which Government was unable to access it, Government has sought for another alternative way to enable it continue to deliver dividends of democracy to the people.

Ortom noted that security challenge and Covid-19 pandemic as well as lack of appreciable improvement in the average monthly statutory allocation from the Federation Account to the state have hindered Government from financing capital and recurrent obligation.

The Speaker, Mr Uba put the question of approval before the members and they unanimously agreed through voice vote.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Fulani terrorist leader ”Ɗari biyar ta fi Bahaushe” neutralized – Security sources

…Masterminder of murder of over 300 innocent souls, while...

Bayelsa U15 Athletics Meet Showcases Rising Stars for National Youth Games

Amgbare Ekaunkumo, Yenagoa   Over 200 young athletes from across Bayelsa...

Diri Calls for Tech-Driven Education, Pledges Housing for UniPort Staff

Amgbare Ekaunkumo, Yenagoa   Bayelsa State Governor, Senator Douye Diri, has...

Outcry as woman buried with 8 months pregnancy in Kaduna

By Achadu Gabriel, Kaduna Barely one week later, tongues are...

Senate approved $21.8bn loan: Mortgaging Nigeria’s future for its present

By Patrick Wemambu Variously described as ludicrous, escalating and unsustainable,...

Chinese Embassy Probes Alleged Abandonment of Nigerian Miners in CAR

The Chinese Embassy in Nigeria has launched an investigation...

APC’s Future Bright Under Nentawe’s Leadership — Daduut

By Israel Adamu, Jos Senator Nora Ladi Daduut has congratulated...

Gunmen Open Fire in Plateau, Women and Children Among 14 Killed

By Israel Adamu, Jos At least 14 persons have been...
spot_img

Related Articles

Popular Categories

spot_imgspot_img