Ekiti State Governor, Biodun Oyebanji, has approved the disbursement of another tranche of N136.26mas a car loan to 368 civil servants in the state.
The state Commissioner for Finance, Akin Oyebode, made this known in a statement on Sunday in Ado Ekiti, the state capital.
While reaffirming the commitment of Oyebanji’s administration to workers’ welfare, he said that amounts ranging from N80,000 to N1.5m would be disbursed to the beneficiaries of the loan scheme depending on their grade levels.
The Commissioner said that the governor also approved the injection of N200m to recapitalise the loan scheme.
He said, “The governor, in addition, approved the payment of N174.39 million outstanding deductions from salaries to cooperative societies, Federal Mortgage Bank and others.”
Giving details of the disbursement of the car loan, Oyebode said, “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.”
He added that “150 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 N1.5 million each”.
Oyebode, who said the governor’s approval for the loan disbursement was the fulfillment of his promise to improve the well-being of the state’s workers, noted that N130.7 million was disbursed in December 2022 as a car loan.
He expressed confidence that the state government would continue to fund loan schemes for its employees in spite of the paucity of funds and the global economic downturn.
The commissioner called on beneficiaries to judiciously utilise the money and avoid spending the loan on things that would not add value to their lives,
He also enjoined the beneficiaries to give back to the state by rededicating themselves to their duties and supporting the government’s efforts at developing the state.
