Ortom calls for speedy action on proposed N40b bond, promises legacy projects


Nigerian Concord Newspaper

Benue State Governor, Mr. Samuel Ortom, has called on the consortium of investment managers and trustees charged with sourcing for money from the capital market to speed up the process so that the state can access the N40bn it intends to get for the purpose of executing key projects for the benefit of the people.

Governor Ortom who was represented by his deputy, Engr Benson Abounu, said the government is determined to put in place legacy projects that will impact directly on the lives of the people.

Earlier, the group, who were led to the Benue People’s House by Benue State Commissioner for Finance, David Olofu, assured the governor that they will do everything possible to facilitate the speedy acquisition of the bond.

Mr Abimbola Ajimibi, the lead trustee and vice-president, First Bank of Nigeria Quest Trustees, who spoke for the consortium said they have taken the first important step with their meeting with officials of the state government and enthused that before the end of the first quarter, they hope to strike the deal.

Also speaking, Mr Olofu expressed joy at the outcome of the meeting and explained that the money would be used for vital projects as well as for settling outstanding indebtedness of the state to workers and retirees.