By Fisayo Akinduro, Osogbo

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Osun State Governor, Gboyega Oyetola has approved the resuscitation of vehicle refurbishing loans for various categories of public servants.
Oyetola said the vehicle refurbishing loan was part of his administration’s commitment towards the welfare of workers in the state.
This is contained in a circular signed by the Permanent Secretary, Ministry of Finance who is also the Chairman of the Vehicle Refurbishing Loan Committee, Mrs Adebimpe Ogunlumade and made available to newsmen in Osogbo.
The circular stated that the welfare of Public Servants was paramount to the State Government in view of the fact they were the instruments through which government policies and programmes were effectively being implemented and delivered.
According to the circular, the approved vehicle refurbishing of loan to various categories of workers are: grade levels 1-3 to obtain N200,000.00 while officers on grade levels 4-6 will be eligible to a loan of N250,000.00 with those on grade levels 7-8 to earn N350,000.00 loan. Those on grade levels 9-10 will be eligible to a loan of N400,000.00.
For the senior categories, a grade level 12 officer will be entitled to a loan of N500.000.00, those on grade levels 13-15, N600.000.00 while levels 16-17 officers will have the opportunity of obtaining a #N50.000.00 loan .
However prospective applicants for the different categories of the loans according to the circular, are expected to obtain an application form of N1,000 only from the Department of Finance and Accounts/Establishment or Administration and supplies as applicable to each agency of government within two weeks of the issuance of this circular.
It adds that the loan, which is expected to be paid back within a maximum period of five years of 60 instalments, is a continuous exercise and will be done in batches.
The Vehicle Refurbishing Loan is a revolving one so as to accommodate as many eligible applicants as possible.
The circular letter reads in part, “Officers who are likely to suffer financial embarrassment on being granted that Vehicle Refurbishing Loan will not be considered in line with extant Financial Regulation 18001; it should also be noted that the scheme is a continuous exercise and would be done in batches and is a revolving loan so as to accommodate as many eligible applicants.
“The Vehicle Refurbishing Loan committee hereby states unequivocally that it is poised to ensure fairness and equity in its operation. All public servants are therefore implored to allow the committee operate freely without undue interference in its activities, as all applicants from various Agencies of Government will be treated fairly”.