Categories: EducationNews

FG introduces support fund for lecturers, others

The Federal Government has introduced Tertiary Institution Staff Support Fund (TISSF) to enhance the welfare and professional development of workers in universities, polytechnics, and colleges of education.

The Director of Press and Public Relations in the Federal Ministry of Education, Folasade Boriowo, disclosed this in a statement issued on Sunday, July 27, 2025.

Boriowo said the Minister of Education, Dr Tunji Alausa, who announced the initiative, explained that both academic and non-academic staff members in tertiary institutions would benefit from the fund.

The minister noted that the TISSF is a welfare-focused loan scheme that promotes financial stability, improves quality of life, and supports career advancement for staff across Nigeria’s tertiary institutions.

Pensioners to FG: We’re suffering, pay our arrears

According to him, each academic and non-academic staff member is eligible to receive up to N10 million, capped at 33.3 per cent of their gross annual salary.

Alausa said: “Eligible uses include transportation, medical support, and micro-enterprise ventures such as poultry farming.

“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.”

Alausa said the Fund was part of President Bola Tinubu administration’s broader effort to reposition the tertiary education sector.

The minister added: “TISSF is not just about welfare. It is about empowerment.

“We are ensuring that our education workforce is supported to live well, grow professionally, and continue contributing meaningfully to institutional excellence.”

The Star

Segun Ojo

Recent Posts

UN cuts global growth outlook, warns poorer countries of inequalities

The United Nations has projected global economic growth of 2.6 per cent in 2026, warning…

49 minutes ago

Stock market rebounds as investors gain N209bn

The Nigerian stock market rebounded on Friday after seven consecutive sessions of losses, adding N209…

1 hour ago

Truck driver arrested for crushing VIO officer to death in Ondo

A Vehicle Inspection Office (VIO) officer, Sesan Adediji, has been crushed to death by a…

1 hour ago

2027: Tinubu begins re-election campaign in Kaduna October 24

President Bola Tinubu will launch his 2027 re-election campaign in Kaduna on October 24, 2026.…

1 hour ago

Owerri airport faces 25-day closure for runway repairs

The Federal Government will close the Sam Mbakwe International Cargo Airport in Owerri, Imo State,…

2 hours ago

2027: Senate rules out Electoral Act review before elections

The Senate has ruled out amending the Electoral Act 2026 before the 2027 general elections,…

2 hours ago

This website uses cookies.