The Ekiti State Government has approved the sum of N76.6m as a housing loan for 72 teachers and vehicle loan for 49 beneficiaries in primary school across the state.
Disclosing this in a statement issued in Ado Ekiti on Thursday, the Chairman of the Ekiti State Universal Basic Education Board, Prof. Femi Akinwumi, said the gesture was part of Governor Biodun Oyebanji’s administration’s commitment to improving teachers’ welfare and boosting their morale.
Prof. Akinwumi added that the incentives for educators were critical to the delivery of free and quality basic education.
The SUBEB chairman recalled that the state government had earlier disbursed N200 million under the revolving loan scheme to enable more teachers to benefit from the programme, commending the governor for his commitment to the education sector, especially in the areas of infrastructure development, manpower and staff welfare.
He therefore implored the beneficiaries to utilise the loans judiciously and reciprocate the gesture by demonstrating greater commitment and dedication to duty.
“Governor Biodun Oyebanji has approved N76.6m as vehicle and housing loans for primary school teachers in the state as part of efforts to improve their welfare. Improved welfare will enable teachers to perform better and create a more conducive learning environment for pupils.” He stated.
Also speaking, the Permanent Secretary in SUBEB, Michael Omolayo, said N43m was approved as vehicle loans for 49 teachers, while N33.6m was approved as another tranche of housing loans for 72 beneficiaries.
Recall that Oyebanji, had in September 2025, approved the disbursement of N596.6m for car and housing loans to 807 teaching and non-teaching staff in public secondary schools in the state.
