Home » Ortom secures approval for N40bn bond
Headlines Local News Nigeria

Ortom secures approval for N40bn bond

The Benue State Government has secured the approval of the House of Assembly to get a forty billion naira bond to execute projects and clear arrears of salaries.

Governor Samuel Ortom who made this known on Tuesday while interacting with the media at the Benue People’s House, Makurdi said the process to get the bond would soon be completed.

He said apart from the bond, the United Bank for Africa, UBA has made available three point point five billion naira to the Government which has been channeled to rehabilitate of township roads in Makurdi, Gboko, Katsina Ala and Otukpo.

The Governor said the money has also been channeled to completion of rural electrification projects as well as rural roads which include Oshigbudu-Obagaji, Wannune-Igbor, and the Zaki biam-afiagh  which he said would soon be commissioned.

Governor Ortom explained that Local Governments’ staff were paid only one month from the last tranche of the Paris Club refund because three point three billion naira out of the money was deducted at source and paid to UBEC as counterpart fund.

According to the Governor, the account of the Government would soon be credited with six point six billion naira to continue with the rehabilitation of primary schools which will include the one in the Village of Ochanya Ogbanje the school girl who was raped to death by her uncle.

He said the State Livestock Guard which was headed by Alhaji Aliyu Tershaku has been dissolved by the state Security Council based of outcry from stakeholders, saying however that another one would be reconstituted with more local appeal.

On sports, Governor Ortom maintained that once resources are available after backlog of salaries have been cleared and other critical infrastructure fixed, facilities at the Aper Aku Stadium would be upgraded to enhance sporting activities in the state.

Injua Terna

Leave a Comment

%d bloggers like this: