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Newsunplug > Blog > News > Subsidy Removal: Oyo State Govt Approves Car Loan For Teachers
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Subsidy Removal: Oyo State Govt Approves Car Loan For Teachers

hammed
Last updated: August 18, 2023 4:16 pm
hammed Published August 18, 2023
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The Oyo state government has approved the immediate release of car loans for primary school teachers, across all zones in the state.

This was disclosed on Friday in Ibadan by the coordinating director of Oyo State Universal Basic Education Board (SUBEB), Jacob Dairo, who stated that the loan is coming as a palliative to teachers in the state.

He said 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.

According to him, the scheme was graciously approved by the state governor, Seyi Makinde, who instructed that the loan be provided to all teachers without any favouritism.

The coordinating director, therefore, advised the beneficiaries to use the support judiciously for the intended purpose.

He added that 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 SUBEB on Thursday.

Abdulwaheed assured that the state government would, in due course, recruit more teachers into the basic education sub-sector.

He added that the present administration would ensure the training of staff members, for an all-round success of the government.

Responding, Dairo promised a more robust working relationship between the board and the Ministry of education.

He also acknowledged that to ensure a paradigm shift in the education sector, all education-related boards, and parastatals must work in tandem with the Ministry of Education.

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