Applications are now open for the Tertiary Institution Staff Support Fund (TISSF).
The Federal Ministry of Education (FME) has launched the applications for Nigerian academic and non-academic staff to apply for the Tertiary Institution Staff Support Fund (TISSF).
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Selected academic and non-academic staff of Nigerian tertiary (university, polytechnic, and colleges) institutions will receive up to ₦10 million loan to be repaid at no interest.
In this post, the full details of the eligibility, benefits, timeline, and application procedure for the FG Tertiary Institution Staff Support Fund (TISSF) will be provided.
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Tertiary Institution Staff Support Fund (TISSF) Abstract
- Scholarship Host: Federal Government
- Location: Nigeria
- Category: Grants
- Benefits:
- ₦10m Loan
- No Interest
- Payment after 5 years
- Eligibility: Nigeria
- Deadline: Not Specified
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Details of Tertiary Institution Staff Support Fund (TISSF)
The Tertiary Institutions Staff Support Fund (TISSF) is an initiative of the Federal Ministry of Education to support academic and non-academic staff of tertiary institutions.
The Federal Minister of Education, Dr. Maruf Alausa, has launched the Tertiary Institutions Staff Support Fund (TISSF) — an interest-free loan scheme of up to ₦10m for academic & non-academic staff nationwide.
Powered by the Federal Ministry of Education, TETFund, and the Bank of Industry, the scheme covers medical care, housing, transport, small businesses, farming & academic growth.
According to the Ministry, the fund is a welfare-based loan initiative that will assist academic and non-academic staff in achieving financial stability and career progress.
Benefits of the Federal Government Tertiary Institution Staff Support Fund (TISSF)
- The FG Tertiary Institutions Staff Support Fund (TISSF) offers a ₦10m loan for selected candidates.
- The loan is charged at zero (0%) interest.
- Repayment is after 5 years, with a 1-year break before you start.
- Staff members will be eligible to receive up to N10 million, calculated at a limit of 33.3% of their gross annual salary.
- The loan can be used for various needs, including transportation, medical expenses, and small-scale business activities such as poultry farming.
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Tertiary Institution Staff Support Fund (TISSF) Requirements
To be satisfy the Tertiary Institution Staff Support Fund (TISSF) requirements, applicants must satisfy the following conditions:
- Be a Nigerian
- Be a confirmed academic or a non-academic staff member of a tertiary institution – university, polytechnic, or college of education.
- Be members of all relevant staff associations, with at least 5 years to retirement
Eligible Institutions for Federal Government Tertiary Institution Staff Support Fund (TISSF)
The following are the eligible institutions for the Federal Government Tertiary Institution Staff Support Fund (TISSF);
- federal universities,
- federal polytechnics,
- federal colleges of education, and;
- one state university, polytechnic, and college of education per state.
What can the TISSF Loan be Used for?
The Federal Government Tertiary Institution Staff Support Fund (TISSF) can be applied to the following areas;
- Medical Support
Financial help for urgent emergencies, critical surgeries, and essential medication to ease long-term health-related burdens. - Family Support
Support for home rent, essential renovations, and secure home ownership to greatly improve living conditions. - Transport Support
Support automobile acquisition, including EVs, Bikes, Tricycles, maintenance, and support for CNG Conversion - SME Support
Poultry, fishing, crop farming, animal husbandry, and cottage agro-processing. - Academic Advancement
Funding for academic programs, certifications, and skill development to advance careers and boost institutional impact. - Accommodation Support
We offer financial aid for rent, renovations, and home or land ownership to improve staff living conditions.
How will the Loan be Repaid?
Repayments will be deducted monthly from your salary through your institution’s bursary department.
How To Apply for Federal Government Tertiary Institution Staff Support Fund (TISSF)
To apply for the Federal Government Tertiary Institution Staff Support Fund (TISSF), follow the instructions we have outlined below;
- Read the information we have provided on this webpage and ensure your eligibility.
- Visit the Federal Ministry of Education’s website and proceed to the TISSF Page.
- Click APPLY NOW and proceed to the application portal.
- You will need to allow access to your location before you can proceed with your application.
- Once done, complete the application form and attach the required documents.
- Institutions and staff should stay updated through official communication channels.
Begin your application by clicking on the button below.
Deadline: Not Specified
Click Here To Apply
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