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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