Ekiti State gov­ernment has disbursed N144 million as vehicle and housing loans to 712 teaching and non-teach­ing staff in the state teaching service.AYO-FAYOSE.

The State Commis­sioner for Finance and Economic Development, Chief Toyin Ojo, said N63 million was disbursed as car loans to 257 teaching and non-teaching Staff according to their grade levels.

He said the vehicle loans ranged from N250,000 to one million naira for benefiting teachers on grade levels seven to 16 while junior non-teaching staff from grade level one to six re­ceived N70,000.

Ojo said that the re­maining N81 million was disbursed as first and second tranches of staff housing loans to 455 teaching and non-teach­ing staff in the state teaching service.

The governor had last month approved the disbursement of N119 million as car loans to 623 workers in the State Public Service despite the prevailing paucity of fund in the state.

Ojo said that the ges­ture would reduce the burden of obtaining bank loans with its atten­dant high interest rate among the beneficiaries, assuring that the exer­cise would be continu­ous.

According to him, all interested teachers would benefit from the schemes.

He charged teachers to reciprocate govern­ment’s gesture by living up to their responsi­bilities and discharging their duties conscien­tiously, stressing the im­portance of their roles as the key to the future of their students.

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