Benue Gov. Explains How He Spent N10bn Loan Tells Opposition We Didn’t Spend It Lavishly

Gov. Samuel Ortom of Benue State on Saturday said the N10
billion borrowed by the state government was used to pay workers salaries. Mr.
Ortom gave the explanation in an interview in Makurdi. He stated this against the backdrop of allegations by the
opposition that he misappropriated the N10 billion loan.

The governor said when he applied to the State Assembly for
approval to borrow the money, he gave details of what it was intended for.

“I said it was going to be used to pay two months salaries. On the average, we expend N3.7 billion on the payment of
monthly salaries, he said. Continue…

“The breakdown is as follows: wage bill is about N2.8
billion while the overhead per month across board runs to about N700million.

“So if you take that for two months you will be spending
about N7.4 billion or close to N7.5 billion on salaries alone thereby leaving a
balance of about N2.5 billion out of the N10billion we borrowed.

“Part of what I applied for the loan was to enable the
executive and the house of assembly to take off. We needed to buy cars for 13
commissioners, 18 advisers, and assembly members including payment of
allowances.”

He disclosed that more than N3 billion had already been
spent on the take off of the government including the legislature.

The governor, who appealed for patience, said “No kobo from
that money has been misappropriated”.

He also assured that the N2.7 billion the state received
from the LNG dividend was still intact, and part of it would be used to pay
July salaries.