Benue latest news on bailout

Here are some of the latest news on the bailout in Benue State:

Latest News:

  1. Benue Receives N10.2 Billion Bailout Fund: The Benue State Government has received N10.2 billion bailout fund from the Federal Government to settle outstanding salaries and pensions of its workers. (Source: Vanguard, March 2023)
  2. Benue to Use Bailout Fund to Pay Outstanding Salaries: The Benue State Government has announced that it will use the N10.2 billion bailout fund to pay outstanding salaries and pensions of its workers. (Source: Daily Trust, March 2023)
  3. Benue to Implement Fiscal Discipline with Bailout Fund: The Benue State Government has promised to implement fiscal discipline with the N10.2 billion bailout fund to ensure that it is used judiciously. (Source: Leadership, March 2023)
  4. Benue to Use Bailout Fund to Revamp Ailing Industries: The Benue State Government has announced plans to use the N10.2 billion bailout fund to revamp ailing industries in the state, including the textile and agricultural sectors. (Source: ThisDay, March 2023)
  5. Benue to Use Bailout Fund to Improve Infrastructure: The Benue State Government has announced plans to use the N10.2 billion bailout fund to improve infrastructure in the state, including the construction of roads and bridges. (Source: Punch, March 2023)

Background:

The Benue State Government had been facing financial challenges, including outstanding salaries and pensions of its workers. In 2022, the Federal Government approved a bailout fund of N10.2 billion for the state to settle its outstanding debts. The bailout fund was released in March 2023, and the state government has announced plans to use it to settle outstanding salaries and pensions, revamp ailing industries, and improve infrastructure.

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