The Federal Minister of Education, Dr. Maruf Alausa, has launched the Tertiary Institutions Staff Support Fund (TISSF) — an interest-free loan scheme of up to ₦10m for academic & non-academic staff nationwide.
Powered by the Federal Ministry of Education, TETFund, and the Bank of Industry, the scheme covers medical care, housing, transport, small businesses, farming & academic growth.
According to the Ministry, the fund is a welfare-based loan initiative that will assist academic and non-academic staff in achieving financial stability and career progress. Staff members will be eligible to receive up to N10 million, calculated at a limit of 33.3% of their gross annual salary.
The loan can be used for various needs, including transportation, medical expenses, and small-scale business activities such as poultry farming.
Summary
- Type: Grants
- Sponsored by: Federal Government of Nigeria
- Eligible Country: Nigeria
- Perks: ₦10m interest-free loan
- Deadline: Not Specified
Criterias for the 2025 FG Tertiary Institutions Staff Support Fund
To be considered for the FG Tertiary Institutions Staff Support Fund (TISSF), you must:
- Be a Nigerian
- Be an academic or a non-academic staff member of a tertiary institution – university, polytechnic, or college of education.
Perks
- The FG Tertiary Institutions Staff Support Fund (TISSF) offers a ₦10m loan for selected candidates.
- The loan is charged at zero (0%) interest.
- Repayment is after 5 years, with a 1-year break before you start.
