Monday, October 6, 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

CBN Mandates Financial Institutions to Submit Monthly Reports on POS Agents Operations

October 6, 2025

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

October 4, 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

NCS Acknowledge Federal Ministry of Finance Directives On 4% FOB ImplementationĀ 

NCS Acknowledge Federal Ministry of Finance Directives On 4% FOB ImplementationĀ 

3 weeks ago

FAAN MD Reiterates Commitment to Cripple Touting at All Airports

2 years ago

Army Debunks Allegations Of Neglect On Widows Welfare

5 months ago

THE CASTRATION OF THE LEBANESE.

1 year 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 LtdĀ®. All Rights Reserved.

Follow us on social media:

Recent News

  • CBN Mandates Financial Institutions to Submit Monthly Reports on POS Agents Operations
  • How We Are Repositioning The Aviation Industry – Perm Sec.
  • Excitement as Alh. Abubakar Abdul Giza Gubernatorial Consultation Births at Agyaragu

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

CBN Mandates Financial Institutions to Submit Monthly Reports on POS Agents Operations

October 6, 2025

How We Are Repositioning The Aviation Industry – Perm Sec.

October 6, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion