Oyebanji Grants N200m Car, Housing Loans For Primary School Teachers

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The governor of Ekiti State, Biodun Oyebanji, has authorized the release of N200 million to primary school teachers in the state for housing and vehicle loans.

“It is in fulfillment of the governor’s pledge to ensure that teachers in public primary schools in the state start enjoying some benefits being enjoyed by their counterparts teaching in secondary schools,” stated Yinka Oyebode, the governor’s special adviser on media.

According to Oyebode, in a statement released on Thursday in the state capital of Ado Ekiti, “The governor’s directive has been followed by remitting the first tranche of N50m into the pool for the month of January.”

“The loans for cars and houses are revolving. Typically, as recipients meet their monthly repayment obligations, the fund pool is refilled.

During a meeting with state education sector secretaries last month, Oyebanji pledged to review the policy that had previously discriminated against primary school teachers when it came to the distribution of housing and auto loans.

As part of his administration’s strategy to inspire primary school teachers to provide exceptional service, the first step was to make funds available to handle housing and car loans to teachers in the state.

According to Oyebode, the new loan program for elementary school teachers “is in line with the administration’s human capital development policy.”

It also demonstrates the governor’s declared commitment to the welfare and well-being of state employees as well as to making sure they receive all benefits in accordance with the shared prosperity agenda.

Oyebanji had raised the funding for all state-owned higher education institutions in Ekiti State.

In keeping with his pledge to give priority to higher education and guarantee that Ekiti continues to hold its position as Nigeria’s center of education, he claimed that the rise was required due to the important role that higher education institutions play in the state’s development.

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