The outgoing governor of Benue State, Samuel Ortom on Sunday handed over to the incoming governor, Rev Fr Hyacinth Alia alongside
“It contains three volumes; volume one is the handover of all MDAs, volume two comprises of policy document of my administration, 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“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 Bank of Nigeria for smooth take-off.Kindly share this story: All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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