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Oyo reviews housing loans for workers

Oyo State government has approved an upward review of housing loans for civil servants in the state to enhance their capacity to own houses.

Commissioner of Lands, Housing and Survey, Ajiboye Omodewu, said that the move was part of government’s plans to restore dignity to the state’s civil and public service. According to him, the approved upward review of the housing loans by Governor Abiola Ajimobi would ensure that civil servants on Grade Levels 01 – 06, who hitherto enjoyed a loan of N500, 000, had their loan ceiling increased to N800,000, while those on GLs 07 – 08 had theirs increased from N600,000 to N1,000,000.

Also civil servants on GLs 09 – 10, whose loan ceiling was pegged at N800,000 was increased to N1,500,000, while those on GL 12 and above, whose loan ceiling was N1,000,000, had an upward review of a 100 percent, to N2,000,000.

In a statement by his Special Adviser on Media, Festus Adedayo, the governor noted that the review is part of the government’s plan to improve the living condition of civil servants. He added that the state government was in discussion with mortgage institutions on how to facilitate easy access to the National Housing Fund (NHF) by civil and public servants in the state.

He further said that government has discovered that the sum of N2 billion was available to contributors to the NHF scheme, adding that the administration had set up a committee which had kick-started the process of returning the workers of the state to the scheme.

“The NHF scheme, which the state government abandoned some eight years ago due to complaints from some civil servants on alleged lack of accountability in the management of their funds, would be put on stream presently,” he assured.

Omodewu said that the state government has concluded arrangements to partner private developers to build houses for civil servants at the Ajoda New Town and on another expanse of land on the Ibadan-Oyo road. He asserted that the initiative will, among other things, ensure that a three-bedroom flat was available to civil servants for between N3 million and N3.5 million.

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