Nigerian Government Disburses N13 Billion in Interest-Free Loans to Tertiary Institution Workers
Under the programme, the workers can access interest-free loans of up to N10 million, capped at 33.3 per cent of their gross annual salary, for purposes such as transportation, healthcare and small-scale business ventures. The post Nigerian govt disburses N13 billion interest-free loans to 7,450 tertiary institution workers appeared first on Premium Times Nigeria .
The Nigerian government has disbursed N13 billion in interest-free loans to 7,450 workers in tertiary institutions. Under this program, eligible workers can access loans up to N10 million, capped at 33.3% of their annual gross salary. These loans are intended for various purposes, including transportation, healthcare, and supporting small-scale business ventures. This initiative aims to provide financial relief and support to employees in the tertiary education sector.
This financial support program provides much-needed relief and opportunities for workers in Nigeria's tertiary institutions, potentially boosting economic activity.
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