Tuesday, October 28, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

Benue State Spends N21.40bn On Debt Service in Q1 2025

EconomyFoot Print by EconomyFoot Print
October 5, 2025
in Finance | Insurance | Pension, Opinion
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter


*Spends N7.4bn monthly on debt servicing

By Dr Raymond Asemakaha

Related posts

TRANSCORP GROUP REPORTS STRONG Q3 2025 PERFORMANCE, REVENUE UP 39% YOY TO ₦413.4 BILLION IN Q3 2025

TRANSCORP GROUP REPORTS STRONG Q3 2025 PERFORMANCE, REVENUE UP 39% YOY TO ₦413.4 BILLION IN Q3 2025

October 27, 2025
NORTH CENTRAL DEVELOPMENT COMMISSION: A NEW DAWN FOR THE TRANSFORMATION OF A REGION IN NEED

NORTH CENTRAL DEVELOPMENT COMMISSION: A NEW DAWN FOR THE TRANSFORMATION OF A REGION IN NEED

October 26, 2025

Driving Benue’s debt trapped economy is akin to flying an aircraft into a turbulent headwinds. It would take diligence and craft to navigate the plane to safety.

Benue State Domestic Debt Profile stands at whooping N122.5B Billion while total Foreign Debt is $USD26.4 Million. This leaves Benue state with a Debt service Ratio of 413%.

Thus, it is with candour and statecraft that His Excellency, the Executive Governor of Benue State Rev.Fr Hyacinth Alia PhD is driving Benue’s economy into economic prosperity.

It’s a given that FAAC monthly allocations have improved significantly.

However, in the midst of these increases, Benue with a debt service ratio at 413% means a significant portion of Benue’s revenue and Federal allocation goes to debt servicing.

What this means is that in Q1 2025, Benue State’s debt service cost was N21.40 billion deducted from FAAC allocation as loan repayment.

It’s important to note that Benue State spends N7.4 billion on debt servicing monthly.

Given the complexities surrounding the over dependency on FAAC, the Governor is aggressively pursuing alternative income sources so as to grow the Benue state internal revenue generating capabilities to depend less on federal allocations

This is why the Benue Investment and Property (BIPC) is investing in high income yielding businesses to improve Benue revenue position.

The government is also prioritising policies that encourage private sector investments, and spur economic development.

Again, the ramp up of investments in infrastructure is to provide enabler for businesses to thrive in the state and create new employment opportunities.

Budget Optimization: The governor is also reviewing budget allocations to prioritize essential service and infrastructure projects.

Without a doubt, it’s clear that his Excellency’s approach on economic management is yielding result and reducing the burden for the state for optimal performance.

The data on the return on investment of some BIPC new industries is sufficient testimony to lend credence to positive outcomes of governor Alia’s stewardship.

Dr Raymond Asemakaha is the GMD, Benue Investment and Property Limited.

Previous Post

How Cleared $7bn Backlogs Fueled  FX inflows into Nigeria – Cardoso

Next Post

Troops Rescue Six Kidnapped Victims

Next Post

Troops Rescue Six Kidnapped Victims

Leave a Reply Cancel reply

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

RECOMMENDED NEWS

Why Ex- Seaman Haruna Abbas Was Dismissed – Defence Headquarters

1 year ago

Benue PDP Governorship Hopeful Visits Victims of Herdsmen Attack

3 years ago
CBN Posts ₦165bn Surplus in 2024 Financial Year

CBN to Launch Foreign Exchange Code To Promote Transparency

9 months ago

Africa witnessed zero fatalities in three years as IATA says 2023 was the safest flying year globally

2 years ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Defence Minister Badaru Play Host To Newly Appointed CDS And  Service Chiefs
  • TRANSCORP GROUP REPORTS STRONG Q3 2025 PERFORMANCE, REVENUE UP 39% YOY TO ₦413.4 BILLION IN Q3 2025
  • Again, Troops Neutralize 10 Terrorist Recovers Arms, Ammunition 

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Defence Minister Badaru Play Host To Newly Appointed CDS And  Service Chiefs

October 28, 2025
TRANSCORP GROUP REPORTS STRONG Q3 2025 PERFORMANCE, REVENUE UP 39% YOY TO ₦413.4 BILLION IN Q3 2025

TRANSCORP GROUP REPORTS STRONG Q3 2025 PERFORMANCE, REVENUE UP 39% YOY TO ₦413.4 BILLION IN Q3 2025

October 27, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion