Ortom Hands Over N187 Billion Debt As Parting Gift To Incoming Gov.

Cat:

Related stories

Ranked: Countries With the Highest Remittance Costs

Key Takeaways Workers often pay high costs to send...

US Green card, legal status, buying land, own properties, permanent resident status

US green cardholders may be prohibited from buying land...

Lagos: Mr Governor, this sacrifice must get to Olodumare

By Funke Egbemode As a young reporter in the early...

Drama As APC, PDP Trade Words Over Davido, Gov Adeleke’s Visit To Tinubu

By Tajudeen Balogun A mild drama has ensued after Governor...

EFCC Declares Two More Wanted Over CBEX Fraud

By Kolawole Ojebisi Two more suspects have been declared wanted...

By Charles Adingupu

The outgoing governor of Benue State, Samuel Ortom on Sunday handed over a debt of N187 billion to the incoming governor, Rev Fr Hyacinth Alia.

In his speech during the event which took place at the Old Banquet Hall of Government House, Makurdi, Ortom said the N187 billion debt was made up of salary arrears, loans, contractual obligations, and others.

The outgoing governor said a total sum of N734.9 billion accrued to the state throughout his eight years in office but that expenditure and other matters gulped N735.6 billion admitting that the debt situation of the state was on the high side.

He said, “This handover note contained not only structure but activities of my eight years of administration. It has sectoral briefs of the agencies, ministries and departments.

“It contains three volumes; volume one is the handover of all MDAs, volume two comprises policy document of my administration, (the Benue development plan) the part B is the comprehensive briefs submitted by ministries and agencies and part three contained highlights of debt profile and pension.

“The revenue and income from all sources; federation account, Value Added Tax, grants, loans, and others stand at N734.9 billion as of the end of April while the expenditure
stand at N735.6b as of the end of April.

“The Indebtedness of the state which comprises salary arrears, pension, contractual obligations, and others is N187 billion.

The outgoing governor added, “The debt situation of the state might appear on the high side but the government had taken significant steps to reduce this through debt swap with the federal government.

Ortom informed the incoming governor to make use of the opportunities of funds that will soon be available for him such as the backlog of stamp duty and N61 billion loan facilities from the Central of Nigeria (CBN) for smooth take off.

In his brief remarks, the incoming governor appreciated Ortom for the handover.

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Ranked: Countries With the Highest Remittance CostsUS Green card, legal status, buying land, own properties, permanent resident statusLagos: Mr Governor, this sacrifice must get to OlodumareDrama As APC, PDP Trade Words Over Davido, Gov Adeleke's Visit To TinubuEFCC Declares Two More Wanted Over CBEX FraudDefection: Maku Backs Alia, Says No Plan To Make Benue Gov. Dumps APC For PDPShadow Opposition Cabinet: Judge Decides DSS, Utomi's Fate June 25DSS Seeks Court Injunction to Halt Utomi’s Alleged Opposition ProtestsMokwa Flood: Death Toll Hits 200 As NASEMA Recovers Bodies Of 7 ChildrenIn 2 Years, Tinubu Has Surpassed Shagari, IBB, Obasanjo, Yar'Adua, Jonathan, Says APCAnambra Guber: Soludo, Moghalu, Ukachukwu, Others Scale through as INEC Releases Final ListAmaechi Opens Up On Why He Made Wike Chief Of StaffElon Musk Slams Trump’s Spending Bill as An Abomination[VIDEO] Reuben Abati Blasts Wike for "Disrespectful" Comments on Amaechi, OdiliFubara Meets Tinubu in Lagos Amid Political Tension in Rivers State
X whatsapp