FG Launches N10 Million Loan Scheme to Support Tertiary Institution Staff Welfare and Growth
csrreporters 
The Federal Government has introduced a new financial support scheme for academic and non-academic staff in Nigeria’s tertiary institutions, offering up to N10 million in loans to eligible beneficiaries.
The initiative, named the Tertiary Institution Staff Support Fund (TISSF), aims to enhance the welfare, financial stability, and professional development of personnel in universities, polytechnics, and colleges of education across the country.
According to a statement released by the Director of Press at the Federal Ministry of Education, Folasade Boriowo, the fund was officially unveiled during a stakeholder engagement session held in Abuja.
Minister of Education, Dr. Tunji Alausa, emphasized that the fund is part of the administration’s broader agenda to reposition the education sector. “We are ensuring our education workforce is supported to live well, grow professionally, and continue contributing meaningfully to institutional excellence,” he stated.
Each eligible staff member can access loans of up to N10 million, not exceeding 33.3% of their gross annual salary. The funds can be used for transportation, healthcare needs, and micro-enterprise ventures such as poultry farming.
The TISSF will be implemented in collaboration with the Bank of Industry (BOI), which will oversee disbursements to ensure transparency, accountability, and smooth delivery.
Minister of State for Education, Suwaiba Sa’id Ahmad, noted that the programme was developed through wide consultations with staff unions, institutional heads, and other key stakeholders.
A robust monitoring and evaluation framework has also been established to track impact and ensure the programme’s long-term success.
Stakeholders present at the launch—including representatives from the Tertiary Education Fund, BOI, vice-chancellors, rectors, and provosts—expressed strong support for the initiative, calling it a timely boost for staff morale and performance in Nigeria’s higher education sector.
[give_form id="20698"]