The Federal Government (FG) through President Muhammad Buhari has approved the payment of Private school teachers salaries from March this year. President of the National Association of Proprietors of Private Schools, Yomi Otubela disclosed this cheering news to NewsMen on Monday being 13th July 2020 in Abuja. Addressing the NewsMen, he said, “the Federal government has listened to our request. We requested that the teachers salaries in private schools should be taken over by the government during the months of the lockdown. The Federal government has approved that they will take over the payment of teachers salaries.
We also requested for a single digit loan for private schools to cushion the effect of the COVID19. We requested for support for schools that have existing loans, that they (FG) should liaise on our behalf with the Central Bank of Nigeria CBN and CBN will liaise with commercial banks and other financial institutions to ensure that they give them soft landing in terms of moratorium to repay and deduction in the interest loan.
The proposal was sent to the Economic sustainability Committee headed by the Vice President Yemi Osinbajo and it was approved by the Federal Executive Council.
We are already talking to them to know the modalities for the disbursement”. Meanwhile he emphasized that ” It is only private schools registered under its association that will benefit from the Federal government’s bailout”