In a bold move to enhance staff welfare across Nigeria’s education sector, President Bola Ahmed Tinubu has approved the launch of the Tertiary Institution Staff Support Fund (TISSF), a landmark loan scheme designed to support academic and non-academic personnel in universities, polytechnics, and colleges of education.
Under this initiative, eligible staff can access loans of up to ₦10 million, with a cap of 33.3 percent of their gross annual salary. The scheme covers federal, state, and private institutions, making it inclusive and far reaching. The fund is intended to support critical needs such as medical bills, transportation, and small scale entrepreneurial ventures like poultry farming.
The TISSF will be administered in partnership with the Bank of Industry (BOI), ensuring professional oversight and accountability in disbursement and recovery. This strategic intervention aligns with President Tinubu’s Renewed Hope Agenda and his commitment to repositioning the Nigerian education sector by focusing not just on infrastructure but also on empowering its workforce.
With this initiative, President Tinubu is sending a clear message. Nigeria’s educators and support staff deserve more than applause. They deserve real, practical support.
