August 18, (THEWILL) – Oyo State Governor, Seyi Makinde, has approved the immediate release of a car loan for primary school teachers in the State.
A statement issued on Friday, by the Coordinating Director at the State Universal Basic Education Board, Jacob Dairo, said the loan is coming as a palliative to cushion the effect of fuel subsidy removal.
Dairo said the facility, which is to be granted by financial institutions, is to be redeemed within 40 months.
He advised the beneficiaries to use the loan for the intended purpose.
Meanwhile, Makinde, on Friday, deployed 46 buses to cushion the effect of fuel subsidy removal in Oyo State.
In line with his government’s Sustainable Action Plans for Economic Recovery (SAfPR) programme, Makinde approved the release of 16 more buses to be deployed in Saki, Iseyin, Ogbomoso, Oyo town, and Ibarapa areas of the State.
This is in addition to the 30 buses already deployed in Ibadan for the same purpose. The total number of buses so far released under the SAfER programme by Governor Makinde is 46.
