EHIME ALEX, Lagos
Ogun State Government, Prince Dapo Abiodun on Friday hinted that his-led administration is close to setting up a Staff Loans Board with the mandate to facilitate access to banks’ loans at reduced interest rates and favorable terms.
According to a report from the state’s Ministry of Information & Strategy, the Governor stated this while commemorating the 2020 Workers’ Day in Abeokuta.
He said he has directed downward review of the selling price for the A.A.K. Degun Estate from N7M to N 5.5M for a 3-bedroom semi-detached and N 5M to N 4M for a 2-bedroom apartment.
He also added that the sum of N1.5million has been refunded to some allottees, who had completed payment of the initial N7million purchase price for the 3-bedroom apartment, adding that there would be relaxation of terms and conditions of sale, including reduction of interest rate from 18 to six percent.
“We are setting up a Staff Loans Board that will, amongst others, facilitate access to loans from banks at very concessionary interest rates and terms, we have also approved the downward review of selling price for A.A.K. Degun Estate from N7M to N5.5M for a 3-bedroom semi-detached and N5M to N4M for a 2-bedroom apartment.”
Abiodun added that his administration would continue to demonstrate its commitment to workers’ welfare by fulfilling its promises to the State’s workforce.
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