Ekiti’s Governor Biodun Oyebanji has approved the release of N200 million to be disbursed as car and housing loans to primary school teachers in the state.
The governor’s media aide, Mr. Yinka Oyebode, disclosed this in a statement issued on Thursday in Ado-Ekiti.
He stated that the approval was in fulfilment of the governor’s earlier pledge that primary school teachers would enjoy some benefits being enjoyed by their secondary school counterparts.
“The first tranche of N50 million has been remitted into the pool for the month of January, in line with the governor’s directive.
“The car and housing loans are revolving in nature. The pool of funds is usually replenished as beneficiaries fulfil their monthly repayment obligations,” Oyebode explained.
At a meeting with Education Secretaries in January, Gov. Oyebanji promised to review an old policy that discriminated against primary school teachers in the disbursement of car and housing loans.
He assured at the meeting that funds would be released as car and housing loans to primary school teachers as part of his administration’s plan to motivate them.