Education: Govt Introduces N10m Welfare Loan for Tertiary Institutions, Lecturers and Students

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The Federal Government has launched the Tertiary Institution Staff Support Fund (TISSF) to boost the welfare and professional development of workers in universities, polytechnics, and colleges of education. Minister of Education, Tunji Alausa, announced the initiative, explaining that both academic and non-academic staff members will benefit from the fund.

For further information on education, read more details here

“The TISSF is a welfare-focused loan scheme that promotes financial stability, improves quality of life, and supports career advancement for staff across Nigeria’s tertiary institutions,” Alausa said. Each eligible staff member can receive up to N10 million, capped at 33.3% of their gross annual salary

“The eligible uses include transportation, medical support, and micro-enterprise ventures such as poultry farming,” Alausa added. The programme will be implemented in partnership with the Bank of Industry, ensuring transparency, accountability, and effective delivery.

For further information on education, read more details here

“TISSF is not just about welfare. It is about empowerment. We are ensuring that our education workforce is supported to live well, grow professionally, and continue contributing meaningfully to institutional excellence,” the minister emphasised.

The Fund is part of President Bola Tinubu’s administration’s broader effort to reposition the tertiary education sector. According to Folasade Boriowo, Director of Press and Public Relations in the Federal Ministry of Education, the initiative aims to support staff in tertiary institutions

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