Ekiti State Governor, Biodun Oyebanji, has approved the disbursement of another tranche of N136 million as a car loan to no fewer than 368 civil servants in the state.
The state commissioner for Finance and Economic Development, Akin Oyebode, who made this known in Ado Ekiti, the state capital, said Governor Oyebanji also approved the injection of a sum of N200 million to recapitalize the loan scheme.
Reiterating the commitment of the present administration to the welfare of workers, Oyebode disclosed that the Governor, in addition, approved the payment of the sum of N174 million in outstanding deductions from salaries to cooperative societies, the Federal Mortgage Bank, and other institutions.
According to him, “sums ranging from N80,000 to N1.5 million will be disbursed to the beneficiaries of the loan scheme depending on their grade levels.
“22 benefiting officers on grade levels 02–06 would get N80,000 each, while 180 beneficiaries on grade levels 07–10 would receive N250,000 each.
“150 workers on grade levels 12–14 would be given N500,000 each; 13 personnel on grade levels 15–17 would be awarded N750,000 each; and the three beneficiaries on consolidated salary would take home N1.5 million each.”
Describing the governor’s approval for the disbursement of the loan as a fulfilment of his promise to improve the wellbeing of workers in the state, the commissioner recalled that a sum of N130.7 million was disbursed in December 2022 as a car loan.
Oyebode promised that the state government would continue to fund loan schemes for its employees in spite of paucity of funds and the global economic downturn.
He urged beneficiaries to judiciously utilise the money and avoid “spending the loan on things that would not add value to their lives and reciprocate the government’s gesture by rededicating themselves to their duties and supporting the government’s efforts at developing the state.”
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