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Oyo Govt. Approves Car Loan For Teachers
The facility which is to be granted by financial institutions, is to be redeemed within 40 months.
The Oyo State Government has officially granted approval for the immediate disbursement of car loans to primary school teachers across all zones within the state.
In a statement released on Friday, August 18, 2023, by the coordinating Director, Oyo State Universal Basic Education Board, Mr. Jacob Dairo, and obtained by Afrika Eyes who stated that the loan is coming as a palliative to teachers in the state.
According to him the loan which is to be distributed in many tranches is to cushion the effect of the removal of fuel subsidy, on Oyo State primary school teachers.
He further explained that the scheme was graciously approved by the Oyo State Governor, Engr. Seyi Makinde, who has instructed that the loan be provided to all teachers, without any favoritism.
The coordinating Director therefore, advised the beneficiaries to use the support judiciously for the intended purpose.
The facility which is to be granted by financial institutions, is to be redeemed within 40 months.
Meanwhile, the Commissioner for Education, Science and Technology, Prof. Salihu Abdulwaheed has expressed readiness to work with all stakeholders in the Education sector.
The Commissioner stated this when he paid a visit to the Directorate of the Oyo State Universal Basic Education Board on Thursday.
Prof. Abdulwaheed assured that the Oyo State Government will, in due course, recruit more teachers into the basic education sub-sector.
He added that the present administration will ensure training of staff members, for an all-round success of the Government.
Responding, Mr. Dairo promised a more robust working relationship between the Board and the Ministry of Education.
Dairo also acknowledged that to ensure a paradigm shift in the education sector, all education related boards, parastatals must work in tandem with the Ministry of Education.