gtbennie
TISSF. The Federal Government has rolled out a new loan scheme for academic and non-academic staff across universities, polytechnics, and colleges of education.
The Tertiary Institution Staff Support Fund (TISSF) was launched by Education Minister Dr. Tunji Alausa, as made knwôwn in a statement issued by Mrs. Folasade Boriowo, the Ministry’s Director of Press and Public Relations.
The Minister revealed that the fund aims to alleviate financial pressures, foster personal and professional growth, and enable staff to make stronger contributions to their institutions.
What Is the TISSF All About?
TISSF is a welfare-oriented financial support project that permits each entitled staff member to access up to ₦10 million in loans. These loans are capped at 33.3% of the applicant’s gross annual salary and can be used for different needs, including:
- Transportation
- Medical bills
- Small-scale business ventures like poultry farming
This flexibility means staff are not cramped to strictly professional use—they can improve their lives and families with this financial access.
Who Can Benefit?
Both academic and non-academic staff working in Nigerian tertiary institutions—whether in polytechnics, colleges of education, or public universities—are eligible to benefit from the fund.
This comes as welcome news, especially after long-standing demands by education unions like ASUU and SSANU, who have called for improved funding, better welfare packages, and stronger institutional support.
How Will the Funds Be Managed?
To ensure the loan disposal is transparent and accountable, the programme will be managed in collaboration with the Bank of Industry (BOI). BOI will take charge of the entire process from applications to disbursement—assisting in ensuring that funds reach the right hands and are properly monitored.
Why This Matters Now
Over the years, one of the major concerns raised by university unions and education workers has been poor funding and a lack of welfare support. Earlier in April 2025, the Federal Government released ₦50 billion to settle outstanding earned academic allowances—signaling a shift toward moreintentional funding of the education sector.
TISSF is a perpetuation of those vows. According to the Ministry of Education, it’s part of the government’s broader effort to reposition Nigeria’s tertiary education by helping the very people who keep these institutions running.
Stay tuned for application details and disbursement procedures as more information is expected to be dropped soon.
GIPHY App Key not set. Please check settings