Thursday, 27 August 2015

#Benue To Access N28bn Loan From CBN For Payment Of Salary Arrears

[Benue News]
Benue State government has said that it will access a N28billion loan facility from the Central Bank of Nigeria for the payment of state and local government workers’ salary arrears.

Governor Samuel Ortom stated this yesterday at the Evangelical Church Winning All (ECWA) Pastors’ Conference holding at the Bethany Resort, Gboko town in the state.

He stated that the loan was approved with single digit interest of nine per cent by the federal government as bailouts to states owing salary arrears.

According to Ortom, N2.5billion would be utilised for the payment of state government workers’ salary arrears while N15.5billion would be for local government staff.

He stated that the money would be used strictly for the purpose for which it was intended and that repayment has been spread over several years in order to enable states to stabilise on payment of salaries.

“I’ve taken over a state with a debt burden of over N169billion but I have the faith that God will help us to overcome this and other challenges to the glory of His name at the end of the day. I will leave Benue better than I found it, by the grace of God,” Ortom said.

He reiterated his resolve to partner with the church for the development of the state in several sectors including education, health and agriculture while providing an enabling environment for soul winning which he described as the starting point for a better life.

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