The federal government has launched the Tertiary Institution Staff Support Fund TISSF, a loan scheme that provides eligible tertiary institution staff with up to N10 million to support their welfare and development.
The government said that the initiative, unveiled during a high-level stakeholder engagement session in Abuja, aims to promote financial stability, improve quality of life, and support career advancement for staff across Nigeria's tertiary institutions.
It pointed out that the programme will be implemented in partnership with the Bank of Industry, which will manage the disbursement process to ensure transparency, accountability, and effective delivery.
Minister of Education, Dr. Tunji Alausa, said this in a statement on Sunday, signed by the Director, Press and Public Relations, Federal Ministry of Education, Folasade Boriowo.
The statement noted that the scheme was designed to enhance the welfare and professional development of academic and non-academic staff in universities, polytechnics, and colleges of education.