Ekiti State Governor, Mr Biodun Oyebanji, has approved the release of the sum N200 million for car and housing loan to primary school teachers in the state.
The first tranche of N50 million has been remitted into the pool for the month of January, in line with the Governor’s directive.
According to a Statement by the Chief Press Secretary to the Governor, Olayinka Oyebode the car and housing loans are revolving in nature. The pool of fund is usually replenished as beneficiaries fulfil their monthly repayment obligations.
Governor Oyebanji had, in a meeting with Education Secretaries last month, promised to review the policy that had hitherto discriminated against primary school teachers in the disbursement of car and housing loans. This is with a view to making available funds to take care of car and housing loans to primary school teachers in the state as part of his administration’s plan to motivate them for excellent service delivery.
The new loan regime for primary school teachers is in line with human capital development policy of the administration. It also speaks to the Governor’s avowed commitment to the welfare and wellbeing of workers in the state, as well as ensuring that workers get all that they are entitled to in line with the shared prosperity agenda.
