Ekiti State Gov. Ayo Fayose on Thursday approved the disbursement of over N200 million as car loan to 645 workers in the state’s service. The State Commissioner for Finance, Chief Toyin Ojo, said that the loans would be disbursed to beneficiaries in sums ranging from N80,000 to N1.5 million.
According to Ojo, the amount accruing to each individual depends on their status and grade level. I just want to affirm the commitment of this administration to the welfare of workers. Since the inception of this administration, N896.8 million has been given out as car loans to 2,942 workers in the state not counting the just disbursed loans.
He advised the loan beneficiaries to make the most use of it, and cautioned them against spending the loan on items that would not add value to their lives.