The Benue State Governor Hyacinth Alia says his administration has spent $2.82 million (N4.53 billion) to service exterior loans between June 2023 and June 2024.
Alia made the disclosure in a press release signed by his Chief Press Secretary, Sir Tersoo Kula, and made accessible to the Information Company of Nigeria on Monday in Makurdi.
The governor stated that Benue has not borrowed funds because the inception of his administration however paid the stated sum to cut back the state’s debt burden.
He additional acknowledged that the Debt Administration Workplace latest report confirmed that the exterior debt profile of Benue has skilled a pointy lower throughout the interval beneath evaluate.
“Recall that having inherited over 350 billion in money owed from the earlier administration, the administration has been cautious about taking loans, regardless of initiating quite a few tasks throughout the state, with many already accomplished.
“We’re altering the narrative for good governance and massively delivering dividends of democracy to the folks.
“We’re constant in insisting that the way forward for the state comes first and has demonstrated the very best stage of decision-making and useful resource administration,” he stated.
He additional acknowledged that the present BudgIT launch of the third quarter of 2024, States Fiscal Transparency League Desk, indicated that Benue has moved to the ninth place from the thirty fifth and thirty sixth positions it had constantly shuffled since 2015.
NAN
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