FG disburses N13 billion interest-free loans to 7,450 tertiary education workers
The Federal Government says it has completed the 2025/2026 cycle of the Tertiary Institutions Staff Support Fund, disbursing over N13 billion in interest-free loans to 7,450 academic and non-academic staff.
The Federal Government says it has completed the 2025/2026 cycle of the Tertiary Institutions Staff Support Fund, disbursing over N13 billion in interest-free loans to 7,450 academic and non-academic staff.
The Ministry of Education disclosed this in a press release issued on June 19, adding that the loans were granted to staff across 153 public tertiary institutions nationwide.
It also announced that applications for the next phase will open at the end of June 2026.
The intervention, established by the Federal Ministry of Education and administered by the Bank of Industry, provides interest-free loans of up to N10 million to eligible staff of public universities, polytechnics and colleges of education, with the facility designed to address personal and professional financial needs.
The Ministry described the programme as one of the largest staff welfare initiatives in Nigeria’s education sector and also framed it as a direct expression of President Bola Tinubu’s Renewed Hope Agenda commitment to improving the welfare and productivity of education workers.
The president also said that through the TISSF, the Federal Government is easing financial pressures on education workers, improving livelihoods and strengthening the workforce responsible for shaping the country’s future.
Minister of Education, Dr. Maruf Tunji Alausa, described the programme as a critical component of the Ministry’s broader education reform agenda and encouraged eligible staff to take advantage of the upcoming application window.
Since disbursements began on 28 October 2025, the programme has processed more than 42,000 applications through its digital platform, reaching beneficiaries across all six geopolitical zones of the country.
Applications for the 2026/2027 phase of the Tertiary Institutions Staff Support Fund will officially open at the end of June 2026, with eligible academic and non-academic staff encouraged to engage with their institutions’ bursary departments and monitor official Ministry communication channels for application guidelines.
The Federal Government has consistently taken to improve the quality of education in Nigeria through teacher development programmes, policy reforms, and increased investment in learning infrastructure.
Earlier, Nairametrics reported that the Federal Government has designated June 29 to July 3, 2026, as National Learning Assessment Week as part of preparations for Nigeria’s first nationwide learning assessment exercise.
According to a statement issued by the Federal Ministry of Education, the assessment will be conducted across the 36 states and the Federal Capital Territory.
The ministry said the exercise is aimed at generating credible data on students’ learning outcomes to inform educational planning, guide policy reforms, improve resource allocation, and enhance the quality of education across the country.