The Federal Government of Nigeria has officially launched and commenced the disbursement of the Ten Million Naira interest-free loans under the Tertiary Institutions Staff Support Fund (TISSF), marking a major milestone in educational welfare and institutional strengthening.
The launch took place at the Federal University of Technology, Akure (FUTA), symbolizing a national effort to empower educators and promote academic excellence.
According to official data, over 9,000 staff members across 219 institutions have already enrolled, signaling a strong commitment to revitalizing Nigeria’s knowledge economy.
Minister of State for Education, Professor Suwaiba Sa’id Ahmad, described the TISSF as a “visionary welfare breakthrough that restores pride, value, and dignity to the teaching and research professions.”
She emphasized that the initiative not only reduces financial stress but also empowers educators to focus on scholarship, mentorship, and community service.
The Minister also appreciated the Bank of Industry and partner agencies for their effective role in implementing the scheme.
The Minister of Education, Chief Dr. Tunji Alausa, noted that the TISSF goes beyond financial aid, describing it as a “bold investment in the people who shape the nation’s future.”
He stated that the initiative was designed and executed in just four months, reflecting efficient governance and innovation in policy implementation.
Dr. Alausa further assured that with transparent monitoring and evaluation, the Fund will remain sustainable and accessible to staff across all tertiary institutions.
Institutional leaders also lauded the initiative. Professor Adenike Temidayo Oladiji, Vice-Chancellor of FUTA, described it as “timely, transformative, and strategic,” noting that the university’s inclusion as a beneficiary of the One Billion Naira Commercialization Aid Fund would further strengthen innovation and enterprise on campus.
One of the beneficiaries, Mrs. Bola Ajayi, expressed gratitude to the Federal Government, stating that the support represents “renewed hope for staff and their families,” highlighting its far-reaching impact beyond financial relief.
Through the TISSF, the Federal Ministry of Education reaffirms its dedication to building a transparent, accountable, and life-changing education system where every educator is valued, supported, and empowered.
