The state Commissioner for Finance, Akin Oyebode, 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.
Oyebode said that the governor also approved the injection of N200m to recapitalise the loan scheme.
The commissioner, in a statement in Ado Ekiti, the state capital, on Sunday, reiterated the commitment of the Oyebanji administration to workers’ welfare.
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.”
Highlighting 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, said that N130.7 million was disbursed in December 2022 as a car loan.
He assured 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 urged beneficiaries to judiciously utilise the money and avoid spending the loan on things that would not add value to their lives,
He also charged the beneficiaries to reciprocate the government’s gesture by rededicating themselves to their duties and supporting the government’s efforts at developing the state.
