What Has Gov Alia Done With Benue’s N380 Billion? - The Source

ADVERTISEMENT
  • Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
The Source
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament
No Result
View All Result
The Source
No Result
View All Result
Home Opinions

What Has Gov Alia Done With Benue’s N380 Billion?

The Source by The Source
August 28, 2024
in Opinions
0
What Has Gov Alia Done With Benue’s N380 Billion?
0
SHARES
22
VIEWS
Share on Facebookshare on whatsappShare on Twitter

By Peter Awunah, PhD

Yesterday, I came across a shocking report in Daily Trust newspaper which read that 21 states of the federation are seeking loans amounting to N1.65 trillion to fund their 2024 budget deficits despite the increase in the allocations they have received from the Federation Account Allocation Committee (FAAC) in the last one year!

Among the 21 states was Benue, currently led by Governor Hyacinth Alia. Benue State is seeking a loan of N34.69 billion! Should the Alia government get the loan, the volume of loans taken by his administration in just one year will stand at N167.69 billion! How do you explain and justify that!

Let me refresh your memory a little bit. Before May 29, 2023 when President Bola Tinubu announced the removal of fuel subsidy, my findings at the Benue State Ministry of Finance showed that the state was receiving an average of N3.5 billion or at most N4.5 billion as federal allocations with a monthly wage bill of about N3.2 billion including overhead payments and pensions. Today, with the subsidy payments gone, Benue’s monthly share of federal allocations has risen to N11 billion and sometimes N12 billion.

The 23 local governments of the state which before subsidy removal were getting N3.5 billion monthly now receive a minimum of N9 billion.

Between May 2023 and August 2024, Benue State has received well over N200 billion from the federation’s account for state and local governments. This is an addition to several interventions by the Federal Government in the form of palliatives and other monetary support initiatives of the Tinubu administration.

That puts the total figure that the Alia administration has received (including the loans) in the region of N380 billion within just a year and three months.
But what is shocking is that there is nothing commensurate on ground to justify the significantly improved financial fortunes of the state. Instead, Governor Alia and his cabinet are putting a heavier financial burden on the state with more loans.

Civil servants have been demanding that the Alia administration should fulfill its promise to clear the arrears of their salaries, but the man has refused to give any response to their demands.

I wonder what he has done with such a high volume of money. Not even a culvert has been constructed in any of the 23 local government areas of the state. In Makurdi, he is constructing 15 very short streets at a whopping cost of N9 billion with none of the streets measuring up to a kilometer.

Governor Alia recently announced that his government was taking a loan of N93 billion for what the governor claimed to be “digitalization of governance”. This amount was the second in just two months that the Alia administration had taken a multi billion loan.

The state government had earlier announced that it had secured a €25 million (N40.4 billion) loan from the European Investment Bank, for “road construction”. The latest loan of N34.69 billion brings the total loans to N167.69 billion! And the governor is surely not done yet! He will take more loans!

Curiously, Governor Alia does not give any breakdown of how much he is receiving and what he is doing with the funds. Critics of his administration have challenged him several times to come clean on the issue of appropriation of state resources, but he is yet to take up the challenge.
Governor Alia and his team are yet to tell Benue people the repayment plan for the debts he is plunging the state into.

Dr Awunah writes from Durumi, Abuja.
[email protected]

Be the first to read it our next BREAKING NEWS, POLITICS, METRO. Click here to join our WhatsApp group

Tags: BenueGov Alia
Previous Post

Concerns as Mass Abduction Persists in Nigeria

Next Post

Education Age Limit: Tinubu’s Govt Behaves Like Sailor Lost On High Seas – Atiku

The Source

The Source

Related Posts

Invasion of My House Unlawful – says Diran Odeyemi
Opinions

Diran Odeyemi: An ode to a political enigma at 63 By Odole Tope Abiola

by The Source
May 21, 2025
Taiwo Ayantunji Declares Public Support for AMBO’s 2026 Osun Governorship Ambition
Opinions

Taiwo Ayantunji Declares Public Support for AMBO’s 2026 Osun Governorship Ambition

by The Source
May 19, 2025
Asiwaju Olatunde Badmus: This Is Your Life! By Dawood Ajetunmobi, Esq
Opinions

Asiwaju Olatunde Badmus: This Is Your Life! By Dawood Ajetunmobi, Esq

by The Source
May 9, 2025
EXCLUSIVE:  AKIN Ogunbiyi To Spring A Surprise In Political Calculation Of Osun
Opinions

Osun 2026: Akin Ogunbiyi And The Political Fate Of Iwoland

by The Source
May 8, 2025
Unfinished Reconciliation In Osun APC
Opinions

Zoning the APC Ticket to Osun West Is Political Suicide, Not Strategy

by The Source
April 21, 2025
Next Post
Tinubu, Atiku And Political Obituary (2), By Tunde Odesola

Education Age Limit: Tinubu’s Govt Behaves Like Sailor Lost On High Seas – Atiku

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tags

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Categories

  • Africa News
  • Business
  • Celebrities
  • Crime
  • Economics
  • Education
  • Entertainment
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
  • World News

Browse by Tag

Abuja Adeleke APC Aregbesola Atiku Bandits Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS Governor Governor Adeleke IGP INEC Kaduna Lagos Muslims Naira Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola PDP Police SDP Senate Students Tinubu Tunde Odesola US

Recent Posts

  • Osun LG Crisis: Group Slams AGF over Alleged Attempts to Reinstate Sacked LG Chairmen
  • Coalition Against Tinubu: Aisha Yesufu Cautions Nigerians
  • Supreme Court to Rule on Gwandu Emirate Tussle

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • World News
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In