Okowa Approves Housing Loans For Employees – The Delta State Public Officers’ Housing Loan Scheme’s Governor Ifeanyi Okowa has approved an increase in the interest rate on all types of workers’ existing loans (POHLS).
Reginald Bayoko, Head of Service (HOS), announced the permission in a circular he issued and personally signed over the weekend in Asaba with the reference number HOS 14/2/1/Vol.1/T2/5 and the date August 4, 2022.
He claimed that the governor made the gift to lessen the pain of workers looking for housing in the state.
While applauding Okowa’s action, the HoS stated that the governor’s dedication to supporting the welfare and housing needs of public employees was demonstrated by the approval.
According to the memo’s details on the new rates, officers with salary Grade Levels (GLs) 01 through 06 are now eligible for a housing loan of N3 million instead of N1.5 million, GLs 07 through 12 are eligible for N4 million instead of N2 million, and GLs 13 and above are eligible for N5 million instead of the previous N2.5 million facility.
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