Governor Abiodun Oyebanji of Ekiti State has approved the release of N200 million for car and housing loans to primary school teachers in the state.
According to a statement signed by his Special Adviser on Media, Yinka Oyebode, the gesture is in fulfillment of the governor’s pledge to ensure that teachers in public primary schools in the state start enjoying some benefits being enjoyed by their counterparts teaching in secondary schools.
The Governor stated that the first tranche of N50 million has been remitted into the pool for January, in line with the Governor’s directive adding that the car and housing loans are revolving in nature.
The statement said, “The pool of funds is usually replenished as beneficiaries fulfill 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 to make 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 the 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.”
