The federal government says it has disbursed about N13 billion in interest-free loans to 7,450 academic and non-academic staff across 153 public tertiary institutions nationwide.
In a statement issued on Friday, the Ministry of Education said the intervention is part of the 2025/2026 cycle of the Tertiary Institutions Staff Support Fund, TISSF, which is administered by the Bank of Industry.
The ministry said the scheme provides loans of up to N10 million to eligible staff of public universities, polytechnics and colleges of education to support personal and professional needs, improve welfare and enhance productivity.
Minister of Education, Tunji Alausa, said the programme reflects the government’s commitment to staff welfare under the Renewed Hope Agenda, adding that applications for the 2026/2027 cycle will open at the end of June 2026.
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