Government gives teachers N300m car loan

at 12:26 PM, 15 Feb 12 (5 years ago)
(3865 | Gistmaniac) (m)
      The days of teachers reward is in Heaven is fast disappearing into thin air, as most teachers are already becoming Millionaires even when they are still alive. To make this dream a reality, the Ondo State government has approved a N300m car loan  for teachers in the state. Presenting cheques to the beneficiaries on Monday, the state’s Commissioner of Education, Barrister Remi Olatubora said the  loan is to motivate the teachers for better performance.

The loan, according to him has a 10 per cent repayment interest. Represented by the Permanent Secretary in the ministry, Mrs. Taiwo Kolawole, the commissioner said, “Government has again demonstrated its commitment to the implementation of workers welfare policies”.

In his address, Chairman of the Ondo State Teaching Service Commission, Barrister Fola Amure dismissed insinuations that the scheme will soon be discontinued by the state government, saying,

“There is no iota of truth in the insinuations that government will no longer give out car loan after this set because of insufficient funds. Please don’t listen to the tale bearers.

“This loan is a revolving one and it is a continuous exercise. For the umpteenth time, I want to plead with you the beneficiaries to reciprocate the gesture by working harder”.

amric at 12:33 PM, 15 Feb 12 (5 years ago)
(420 | Upcoming) (f)
Maybe I should have a re-think of becoming a teacher

zeigbo at 01:14 PM, 15 Feb 12 (5 years ago)
(27247 | Addicted Hero) (m)

escapedprince at 04:03 PM, 15 Feb 12 (5 years ago)
(3132 | Gistmaniac) (m)
stephen153 at 04:07 PM, 15 Feb 12 (5 years ago)
(35541 | Addicted Hero) (m)
Bachelorette at 04:10 PM, 15 Feb 12 (5 years ago)
(3865 | Gistmaniac) (m)
Quote from: stephen153 on 04:07 PM, 15 Feb 12

Sure, but at least It's something that will give dem joy for the moment considering the poor transportation system

onyimau20 at 05:19 PM, 15 Feb 12 (5 years ago)
(4262 | Gistmaniac) (f)
Thats good
amric at 06:11 PM, 15 Feb 12 (5 years ago)
(420 | Upcoming) (f)
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

MEND at 06:52 PM, 15 Feb 12 (5 years ago)
(493 | Upcoming) (m)
I'd be right back
needluv at 10:07 PM, 22 Mar 12 (5 years ago)
(290 | Upcoming) (m)
why should the Government put 10% interest rate if really he want to motivate the teachers? Government is trying to make money from teacher in the name of help . 10% of that car amount do u know how many billion it will give ? Pls stop deceiving people with such political incisiveness.
Unikpearl at 06:07 AM, 23 Mar 12 (5 years ago)
(3151 | Gistmaniac) (f)
To advertise on Gistmania OR Naijapals please email: [email protected]


  1. Wazubia on: Mercy Aigbe Is Having A Ball In London After Doctors Treated Her Domestic Violence Problem
    I am having mine too now, with my BAE  ... 5 mins ago ago
  2. Wazubia on: Nigerians In London Dance, Rejoice and Praise President Buhari For Fixing Nigeria (Video)
    , My advise to all of una wey dey Dance, relocate to Nigeria and fully embrace the Good work.  ... 10 mins ago ago
  3. morgan1 on: Nigerian Video Director, Patrick Elis & Girlfriend Welcome Their First Child In Atlanta (Photo)
    congrats,,,,... 1 hr ago ago
  4. morgan1 on: “I Was 33 When I Lost My Virginity” – Nigerian Comedienne & OAP, Chigul (Video)
    story for d gods,,,,... 1 hr ago ago
  5. morgan1 on: TRAGEDY! Pastor’s Only Child, Tobi Igioh Killed By Stray Bullet In Benin (Photo)
    Sad one,,,,rip... 1 hr ago ago

May Leaders

BournIdentity(1013) - morgan1(647) - pricklong(555) - kacylee(467) - AmazingMarie(420) - schmit(387) - Larry28(382) - felicilin(246) - gogoman(246) - xspraise(221) - dareper(210) - christianity(204) - dynasty4all(200) - bayonel3(195) - Mykie010(179) - akinmanchy(178) - clarajancita(169) - bohlah(160) - nametalkam(159) - starzx(147) -

Forum Sections