Minister of Education, Maruf Tunji Alausa, who announced the scheme, said the initiative aims to address the welfare and professional development needs of tertiary staff as part of President Bola Tinubu’s Renewed Hope Agenda.

Jointly developed by the Federal Ministry of Education and TETFund, and implemented with the Bank of Industry, TISSF offers interest-free loans of up to ₦10 million, repayable over a five years with a 12-month grace period.

Eligible full-time staff can access funds for medical expenses, housing, transportation, agriculture and small businesses, and academic advancement.

To qualify, applicants must be staff of federal institutions or selected state institutions, have at least five years to retirement, and belong to unions such as ASUU, SSANU, or NASU.

Applications are now open via: https://tissf.education.gov.ng.