The Benue State chapter of the Peoples Democratic Party (PDP) has registered its dismay and disapproval with the Benue State House of Assembly, for approving a loan of N100 billion for the State Government for development projects in the state.
In a statement signed by Tim Nyor, State Publicity Secretary, of the party, noted that the Alia administration has received colossal sums from the Federation Account, amounting to billions of Naira, since the removal of fuel subsidy and should not plunge the state into a cycle of debt.
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The PDP therefore called on the State Assembly, to retrace its steps and put a stop to what it described as an “alarming pattern of borrowing without clear justification suggests a government bereft of sound financial judgment and driven by short-term expediency.”
He said, “The PDP, Benue State Chapter, views with utmost dismay and strong disapproval the hasty and ill-considered approval by the Benue State House of Assembly, of yet, another ₦100 billion loan request by the Rev. Fr. Hyacinth Alia-led administration.
“This reckless fiscal adventure is both unjustifiable and insensitive to the prevailing economic realities facing the people of Benue State.
“Since the removal of fuel subsidies, there has been a historic and unprecedented increase in monthly allocations to states across the federation. The Alia administration has received colossal sums from the Federation Account, running into several hundreds of billions of naira, for both state and local governments.
“Against this backdrop, the decision to plunge Benue into another cycle of debt raises grave questions about transparency, accountability, and fiscal discipline.
“What, precisely, is the purpose of this loan? Under what provisions of the 2025 budget does this colossal borrowing find justification? And what measures have been put in place to ensure that the funds, if indeed accessed, will serve the collective interest of Benue people rather than disappear into opaque channels of political patronage and contract inflation?”, he asked.
Nyor, stressed that “The PDP strongly warns that Benue state cannot continue to be mortgaged to satisfy the whims of a few. Future generations must not be condemned to paying debts incurred without their consent and without corresponding developmental value.
“We therefore call on the Benue State House of Assembly to retrace its steps and act in the true spirit of checks and balances, rather than as a mere rubber stamp of the executive. History will not absolve any institution or individual that aids the reckless plundering of our collective patrimony.”
On the other hand, he stated that the PDP remains committed to defending the interests of the people of the state and vowed “to expose every act of financial impropriety, mis-governance, and deceit perpetrated under the guise of governance.”