Saturday, July 25, 2015

Benue Gov. Explains How He Spent N10bn Loan Tells Opposition We Didn’t Spend It Lavishly

Gov. Samuel Ortom of Benue State on Saturday said the N10 billion borrowed by the state government was used to pay workers salaries. Mr. Ortom gave the explanation in an interview in Makurdi. He stated this against the backdrop of allegations by the opposition that he misappropriated the N10 billion loan.

The governor said when he applied to the State Assembly for approval to borrow the money, he gave details of what it was intended for.

“I said it was going to be used to pay two months salaries. On the average, we expend N3.7 billion on the payment of monthly salaries, he said. Continue...


“The breakdown is as follows: wage bill is about N2.8 billion while the overhead per month across board runs to about N700million.

“So if you take that for two months you will be spending about N7.4 billion or close to N7.5 billion on salaries alone thereby leaving a balance of about N2.5 billion out of the N10billion we borrowed.

“Part of what I applied for the loan was to enable the executive and the house of assembly to take off. We needed to buy cars for 13 commissioners, 18 advisers, and assembly members including payment of allowances.”

He disclosed that more than N3 billion had already been spent on the take off of the government including the legislature.

The governor, who appealed for patience, said “No kobo from that money has been misappropriated”.


He also assured that the N2.7 billion the state received from the LNG dividend was still intact, and part of it would be used to pay July salaries.

23 comments:

  1. Just do the nice job that all we want!

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  2. Just do the nice job that all we want!

    ReplyDelete
  3. Just do the nice job that all we want!

    ReplyDelete
  4. 10 billion naira now now wey you enter office? Wike brother. that wan don borrow 20billion already

    ReplyDelete
  5. a.k.a EDWIN CHINEDU AZUBUKO said..
    .
    See the loan wey them borrow abeg after them go start dey pay person peanut.... God dey shah....
    .
    .
    ***CURRENTLY IN JUPITER***

    ReplyDelete
  6. MR EDDY said this heat wan kill person


    Alright o. I just hope it happened as stipulated.
    ^
    ^
    ^™THAT EDO BOY.COM~

    ReplyDelete
  7. MR EDDY said this heat wan kill person


    Alright o. I just hope it happened as stipulated.
    ^
    ^
    ^™THAT EDO BOY.COM~

    ReplyDelete
  8. Stop borrowing money for comfort

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  9. Story story

    Fibonnachi Omogbai

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  10. Noted. Sir


    Fibonnachi Omogbai

    ReplyDelete
  11. Clueless Governor. No input on agriculture no manufacturing, no factory and you waiting for money to always come from FGN to pay salary. Salary governor.

    ReplyDelete
    Replies
    1. He inherited the back log of debt of salaries without meeting money in the state account.
      Strikes were going on as well.
      You want him not to settle such case before
      starting work?
      I leave in makurdi the benue state capital.
      He started well. He has toured all the local government areas to personally find out what is needed.
      People have not been paid for close to a year. We are mostly civil servants.
      Do you want us to die?

      Delete
  12. I think each state have to look for means of generating internal revenue so as to stop all this loans

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  13. Replies
    1. He is one of the most sincere person I've ever met. A born again Christian who used to work for my father and my dad never lost a kobo under him.
      don't say things you don't know.
      This state's treasury was rubbed.
      we are mostly civil servants and a lot of people are being owed close to a year's salary.
      There has been pleas from the masses that he pays something.
      He has toured the state to find out the potentials in each local government area including how to revive factories shut down by previous governmens.
      he has put in place several planning committees to draw out a realistic plan on the way forward.

      Delete
  14. Wike brother. Spendtrifts

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  15. Wike brother. Spendtrifts

    ReplyDelete