x

Benue Govt Wants CBN to Release N62 Billion Intervention Funds

By Isaac Kertyo Makurdi

Benue State Government has Implored the Central Bank of Nigeria, CBN, to as a matter of urgency release to it the sum of sixty two billion naira intervention funds, which he said other states of the federation have accessed.

Briefing Journalists shortly after the State Executive Council, SEC, meeting held at the Government House Makurdi, the Commissioner for Information and Orientation, Mr Michael Inalegu explained that out of the said amount, the sum of twenty billion is to be expended for infrastructural development, while forty two billion is meant for payment of Salaries and pensions.

Mr Inalegu who lamented that states like Kogi, Nassarawa among others have accessed the said funds, Benue State has been deliberately denied access to it, the situation he said the opposition All Progressives Congress in the state used against the present Government during electioneering campaigns.

” Benue State Executive Council has called on the Central Bank of Nigeria to as a matter of urgency release the sum of forty two billion naira intervention funds to enable it clear the backlog of arrears of salaries and pensions.

The opponents went and conspired that if the money is given to the present administration, it will clear salaries and pensions and there will be nothing for them to use against this Government.”

Continuing, the Commissioner said that the state government also secured twenty billion naira infrastructural development funds which is currently being withheld. He averred that the money was to be used to complete on going projects.

In another development, Mr Inalegu hinted that the Contributory Pension Scheme which the present government introduced has yielded positive results. He maintained that a total sum of sixty billion naira has been realized for the benefit of all pensioners in the state. Ends

Hot this week

Senator Monguno Launches ₦250 Million Mega Empowerment Programme for 2,500 Constituents

The Senator representing Borno North Senatorial District, Chief...

Alex Iwobi Gives Fresh Update on Nigeria’s 2026 World Cup Qualification Hopes

Super Eagles midfielder Alex Iwobi has spoken about Nigeria’s...

House of Reps Launches Major Probe into 20-Year Port & Airport Concessions

By Oladosu Adebola Oluwaseun...To quiz NUPRC, operators of...

Falz Slams Government Over Kwara Massacre, Cites Misplaced Priorities

Nigerian rapper and social activist Folarin Falana, popularly known...

Frederick Leonard Takes Stanley Ontop to Court Over Alleged Defamation

Nollywood actor Frederick Leonard has filed a formal petition...

SPL: Cristiano Ronaldo’s Eight Conditions to End Al-Nassr Strike Revealed

Details have emerged regarding Cristiano Ronaldo’s conditions for ending...

Turkey: Osimhen Becomes Galatasaray’s Fourth-Highest Scoring Foreign Player [Top 5]

Galatasaray striker Victor Osimhen on Sunday etched his name...

64 Kogi Polytechnic Staff Honoured by Outgoing Rector, Prof. Usman Ogbo

By Noah Ocheni, LokojaNo fewer than 64 staff members...

Future of Nigeria–China Relations: Partnership or Dependency?

By Solomon Iliya JeffreyThe relationship between Nigeria and China...

NLC warns Senate over electronic transmission of election results

The Nigeria Labour Congress (NLC) has warned that workers...

Related Articles

Popular Categories

spot_imgspot_img