Fayose approves N200 million car loan for 645 workers

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Ekiti State Governor Ayo Fayose has approved the disbursement of another tranche of over N200 million naira as car loans to 645 workers in the State.

Commissioner for Finance, Toyin Ojo, explained that the loans would be disbursed as usual with beneficiaries receiving sums ranging from N80, 000 to N1.5 million depending on their individual salary grade level.

Reiterating the commitment of the Fayose led administration to the welfare of workers, Ojo noted that N896, 950,000 had been given out as car loans to 2,942 workers since the inception of the present administration.

According to him, 2,165 workers also received N490, 730,000 as housing loans during the same period, noting that Government’s gesture was in spite of the paucity of funds occasioned by the general economic downturn.

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