Ondo Gives N300m Car Loans To 600 Teachers

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The Ondo State government yesterday gave out N300 million in car loans to 600 teachers in its employ.

The beneficiaries,who included teaching and non-teaching staff, were presented their cheques for the loan which has a 10 per cent repayment interest.

The purpose of the loan scheme, according to the state Commissioner for Education, Barrister Remi Olatubora, who presided over the presentation ceremony, was to motivate the beneficiaries for better performance in their daily functions.

Olatubora, who was represented by the permanent secretary in the ministry, Mrs. Taiwo Kolawole, said the scheme would in no small way increase the workers’ productivity and reduce loss of manpower due to transportation hassles.

According to her, “Government has again demonstrated its commitment to the implementation of workers’ welfare policies.

It has manifested in this loan scheme for teaching and non-teaching staff in the realisation of the fact that they hold the key to the future of the nation.


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