The Federal Authorities has launched a mortgage scheme that permits educational and non-academic employees of Nigeria’s universities, polytechnics, and schools of schooling to entry as much as N10 million to reinforce their welfare {and professional} improvement.
The scheme, often known as the Tertiary Establishment Employees Assist Fund (TISSF), was introduced by the Minister of Education, Dr. Tunji Alausa, in a press release issued on Sunday by the ministry’s Director of Press and Public Relations, Mrs. Folasade Boriowo, and reported by the Information Company of Nigeria (NAN).
Alausa defined that the fund is geared toward selling {financial} stability, bettering the standard of life, and supporting profession development for workers within the sector. Loans underneath the scheme shall be capped at 33.3% of an applicant’s gross annual wage and could be utilized in direction of transportation, medical bills, or small-scale ventures equivalent to poultry farming.
“The Federal Authorities has launched the Tertiary Establishment Employees Assist Fund (TISSF), to reinforce the welfare {and professional} improvement of employees in universities, polytechnics, and schools of schooling.
“Mrs Folasade Boriowo, Director, Press and Public Relations within the Federal Ministry of Schooling, disclosed this in a press release made out there to newsmen in Abuja on Sunday. Boriowo stated the Minister of Education, Dr Tunji Alausa, who introduced the initiative, defined that each educational and non-academic employees members in tertiary establishments would profit from the fund,” the NAN report learn partly.
It added, “In accordance with him, every educational and non-academic employees member is eligible to obtain as much as N10 million, capped at 33.3% of their gross annual wage.”
The programme shall be managed in partnership with the Bank of Industry (BOI), which can oversee the disbursement course of to make sure transparency, accountability, and efficient supply of the loans.
The TISSF is a component of the present administration’s broader effort to reposition Nigeria’s tertiary schooling sector by boosting employees welfare, making a stronger help system, and enabling them to contribute extra successfully to institutional excellence.
The Tertiary Establishment Employees Assist Fund (TISSF) varieties a part of the Federal Authorities’s broader efforts to reposition the tertiary schooling sector and strengthen its workforce.
It comes towards the backdrop of long-standing calls for from unions equivalent to ASUU and different college employees over points together with earned educational allowances and funding for public establishments.
In April 2025, the federal government launched N50 billion to clear excellent earned allowances for educational and non-academic employees in federal universities, reaffirming its pledge to prioritise schooling.
