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Ondo disburses car loans to workers, sets up fishing villages




About 659 workers in the employment of Ondo State Government have benefitted from the N256million car loan approved for workers in the state.

The workers who received their cheques at the weekend were advised by the state government to ensure judicious use of the loan and refrain from spending it on frivolities

The Head of Service, Toyin Akinkuotu who gave the advice said the Olusegun Mimiko-led administration is committed to the welfare of its workers despite the unpalatable economic situation of the nation.

Akinkuotu commended the civil servants in the state of their unalloyed support and dedication to service in spite of the economic challenges.

He noted that though the amount disbursed to the beneficiaries is not enough to buy a car, “but I implore you to apply it judiciously; this is not the time to marry a new wife nor organize remembrance ceremony for a relation that died before Nigeria got independence.”

The Commissioner for Finance, Chief Yele Ogundipe, said the car loan scheme is in place as a show of government’s commitment to the welfare of its workforce.

According to him: “I wish to reiterate the commitment of this administration to improving the welfare of the workforce. I am glad to inform you that a total number of 659 officers of the core civil servants and teaching service will benefit from this batch in which a total sum of N256, 660, 000.00 will be disbursed.

“Other batches will follow suit in the course of the year as this administration will make available additional fund for the car loan scheme to accommodate more beneficiaries.”
he Accountant-General of the state, Fredrick Ajibokun disclosed that the loan was designed to be repaid within a period of five years and a low interest rate of 10% across the repayment period.

“Within the seven years of this present administration, apart from this current disbursement, it has disbursed the total sum of N 4, 224, 717, 000 to the core civil servants, secondary school teachers and parastatals.”

Ajibokun assured those who intended to benefit from the scheme but whose name is not in the batch A list that they will be considered sooner in the course of the year.

One of the beneficiaries, Mr. Olaoluwa Meroyi, a civil servant in the state’s Sports Council thanked Mimiko for his workers’ welfare scheme.

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