The Peoples Democratic Party, PDP, has condemned the Benue State House of Assembly’s N100 billion loan for the Governor Hyacinth Alia’s administration.
The party expressed strong disapproval over what it described as a hasty and ill-considered approval by the House of Assembly.
A statement, on Friday, by the spokesman of the party, Tim Nyor said the reckless fiscal adventure is both unjustifiable and insensitive to the prevailing economic realities facing the people of Benue State.
He said: “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?”
Nyor said this alarming pattern of borrowing without clear justification suggests a government bereft of sound financial judgment and driven by short-term expediency.
“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. ”
He said history will not absolve any institution or individual that aids the reckless plundering of our collective patrimony.
Nyor said the PDP remains committed to defending the interests of the Benue people and will continue to expose every act of financial impropriety, misgovernance, and deceit perpetrated under the guise of governance.