FG introduces N10 million loan for staff of staff of tertiary institutions niversities, polytechnics, and colleges
The Federal Government has set up a loan scheme that enables academic and non-academic staff of Nigeria’s universities, polytechnics, and colleges of education to access up to N10 million to enhance both their welfare and professional development.
The Federal Government has set up a loan scheme that enables academic and non-academic staff of Nigeria’s universities, polytechnics, and colleges of education to access up to N10 million to enhance both their welfare and professional development.
Known as the Tertiary Institution Staff Support Fund, TISSF, the scheme was announced by the Minister of Education, Dr. Tunji Alausa, on Sunday.
A statement by the Director of Press and Public Relations, in the Ministry of Education, Mrs. Folasade Boriowo, quoted Dr Alausa as explaining that the fund was aimed at promoting financial stability, improving the quality of life, and supporting career advancement for staff in the sector.
According to Alausa, loans under the scheme will be capped at 33.3% of an applicant’s gross annual salary and can be applied towards transportation, medical expenses, or small-scale ventures such as poultry farming.
“The Federal Government has introduced the TISSF to enhance the welfare and professional development of workers in universities, polytechnics, and colleges of education.
“According to Alausa, each academic and non-academic staff member is eligible to receive up to N10 million, capped at 33.3% of their gross annual salary.”
The programme will be managed in partnership with the Bank of Industry (BOI), which will oversee the disbursement process to ensure transparency, accountability, and effective delivery of the loans.
The TISSF is part of the current administration’s broader effort to reposition Nigeria’s tertiary education sector by boosting staff welfare, creating a stronger support system, and enabling them to contribute more effectively to institutional excellence.
What you should know
The TISSF forms part of the Federal Government’s broader efforts to reposition the tertiary education sector and strengthen its workforce.
It comes against the backdrop of long-standing demands from unions such as ASUU and other university workers over issues including earned academic allowances and funding for public institutions.
In April 2025, the government released N50 billion to clear outstanding earned allowances for academic and non-academic staff in federal universities, reaffirming its pledge to prioritise education.
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