Oyebanji approves N136m car loan for 358 workers

Posted by Timige, On 30 Oct, 2023 | Updated On 30 Oct, 2023 No Comments »



Ekiti State Governor, Mr Biodun Oyebanji, has approved the disbursement of N136.26m as a car loan to 368 civil servants in the state.

The Commissioner for Finance, Mr Akin Oyebode, said amounts ranging from N80,000 to N1.5 million would be disbursed to the beneficiaries of the loan scheme depending on their grade levels.

Oyebode said that the governor also approved the injection of N200m to recapitalise the loan scheme.

The commissioner, in a statement in Ado Ekiti, on Sunday, reiterated the commitment of the Oyebanji administration to workers’ welfare.

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He said, “The governor, in addition, approved payment of N174.39m outstanding deductions from salaries to cooperative societies, Federal Mortgage Bank and others.”

Highlighting details of the disbursement of the car loan, Oyebode said, “Twenty-two 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.

 “One hundred and fifty workers on Grade Levels 12-14 would be given N500,000 each; 13 personnel on Grade Levels 15-17 would get N750,000 each and the three beneficiaries on consolidated salary would take home N1.5m each.”

While noting that the government in December 2022 disbursed N130.7m car loans, the commissioner said the Oyebanji administration would continue to prioritise workers’ welfare.

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Source: Punch

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