Fuel Hike: Oyo Govt. Approves Car Loan For Primary School Teachers - EDU-BIZNEWS


Friday, August 18, 2023

Fuel Hike: Oyo Govt. Approves Car Loan For Primary School Teachers


Oyo State Government has approved the immediate release of car loans for primary school teachers, across all zones in the state, as part of palliative packages to cushion the effect of hike in pump price of fuel, arising from the removal of subsidy from Premium Motor Spirit otherwise known as Petrol on them  

The Coordinating Director, Oyo State Universal Basic Education Board, Mr. Jacob Dairo who made this known on Friday in Ibadan, the State capital, explained that the loan would be  distributed in many tranches to the teachers 

According to him, 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  would, in due course, recruit more teachers into the basic education sub-sector.

He added that the present administration would  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.

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