₦10m FG Tertiary Institutions Staff Support Fund (TISSF) | How to apply
₦10m FG Tertiary Institutions Staff Support Fund (TISSF) | How to apply
The Federal Government of Nigeria has unveiled the Tertiary Institutions Staff Support Fund (TISSF), an interest-free ₦10 million loan scheme to enhance the welfare and professional development of academic and non-academic staff across universities, polytechnics, and colleges of education. Powered by the Federal Ministry of Education, in collaboration with TETFund and the Bank of Industry, the program aims to promote financial stability and career growth for staff nationwide.
What is the Tertiary Institutions Staff Support Fund (TISSF)?
Launched by Federal Minister of Education Dr. Maruf Alausa, the TISSF provides eligible staff members with loans of up to ₦10 million, at 0% interest, for both personal and professional needs.
The initiative covers:
- Medical care
- Housing projects
- Transportation
- Small business ventures (e.g., poultry farming)
- Academic advancement
The loan amount is capped at 33.3% of the applicant’s gross annual salary and is repayable over five years, with a one-year grace period before repayment begins.
Eligibility Requirements
To qualify for the FG Tertiary Institutions Staff Support Fund (TISSF), applicants must:
- Be a Nigerian citizen.
- Be an academic or non-academic staff of a recognized university, polytechnic, or college of education.
No collateral is mentioned in the scheme details, making the loan accessible to more tertiary institution staff members.
Benefits of the FG TISSF Loan Scheme
The TISSF stands out as one of the most generous welfare schemes for tertiary staff in Nigeria. Key benefits include:
- Up to ₦10 million funding for eligible applicants.
- 0% interest rate throughout the loan term.
- Flexible five-year repayment period.
- One-year moratorium before repayment begins.
- Support for both personal needs and entrepreneurial activities.
READ ALSO
MTN ICT Business Skills Training Program with ₦90m grant for Nigerians – how to apply
ASMAF Scholarship for Nigerian Undergraduates 2025 | How to apply
How to Apply for the FG TISSF Loan 2025
Application for the FG Tertiary Institutions Staff Support Fund is open to all qualified and interested staff. Follow these steps:
- Visit the official TISSF application portal.
- Complete the online registration form with accurate personal and employment details.
- Upload necessary documents including proof of employment, salary details, and valid identification.
- Submit your application.
Note: The application deadline is not yet specified, but funds will be disbursed on a first-come, first-served basis. Early application is strongly advised.
Why the TISSF Loan Matters
The TISSF is more than just a loan, it is a strategic welfare initiative designed to uplift the standard of living for tertiary education staff across Nigeria. By providing interest-free financing for housing, healthcare, and entrepreneurship, the scheme is expected to significantly reduce financial burdens and encourage professional growth within the sector.
