Federal Government Launches N10m Support Fund for Tertiary Institution Staff

The Federal Government has introduced the Tertiary Institution Staff Support Fund (TISSF), a loan scheme providing up to N10 million to academic and non-academic staff in universities, polytechnics, and colleges of education.

The initiative aims to enhance financial stability, welfare, and career growth for tertiary institution workers.

Academic and non-academic staff in tertiary institutions,Up to N10 million, capped at 33.3% of gross annual salary, Transportation, medical support, micro-enterprise ventures (e.g., poultry farming),In partnership with the Bank of Industry (BoI) to ensure transparency and accountability

The initiative has received strong endorsements from key sector players, including the Tertiary Education Trust Fund (TETFund), BoI, vice-chancellors, rectors, and provosts, who describe it as timely and essential for boosting staff morale and improving performance across Nigeria’s tertiary institutions .