In a bold move to bolster the welfare and professional growth of educators across Nigeria's tertiary institutions, the Federal Ministry of Education, in partnership with the Bank of Industry (BOI), has launched the Tertiary Institution Staff Support Fund (TISSISF). This groundbreaking initiative allocates a whopping ₦15 billion to provide accessible, interest-free financial support to dedicated staff in universities, polytechnics, colleges of education, and other higher learning centers. Whether you're looking to advance your career, manage personal finances, or invest in your future, TISSISF is designed to make those dreams a reality without the burden of high-interest loans.

What is TISSISF All About?

The TISSISF is more than just a fund—it's a lifeline for tertiary institution staff who play a pivotal role in shaping Nigeria's future leaders. Recognizing the economic challenges faced by educators, this program offers low-barrier access to funding that empowers you to thrive both personally and professionally. From upgrading teaching tools and pursuing further qualifications to handling family needs or starting small ventures, the possibilities are endless.

Key highlights of the program include:

- Fund Size: A massive ₦15 billion pool, ensuring widespread availability for eligible applicants.

- Target Beneficiaries: Academic and non-academic staff in federally and state-owned tertiary institutions across the country.

- Purpose: To provide financial relief and support for staff development, welfare, and economic empowerment.

This initiative aligns with the government's broader vision of transforming Nigeria's industrial and educational sectors, as championed by the Bank of Industry's mandate to foster sustainable growth.

Key Features of the TISSISF Loan

What sets TISSISF apart is its borrower-friendly structure, making it one of the most attractive staff support schemes in the education sector. Here's a breakdown of the core features:

- Loan Amount (Single Obligor Limit): Up to ₦10 million per individual. This generous ceiling allows for substantial funding without overwhelming repayment pressures.

- Moratorium Period: A full 12 months (1 year) grace period before repayments begin. Use this time to settle in, invest wisely, or focus on your goals without immediate financial strain.

- Repayment Tenor: Flexible 60 months (5 years) term, giving you ample time to repay comfortably.

- Interest Rate: 100% interest-free! That's right—no hidden fees or compounding costs eating into your funds.

- Repayment Method: Convenient direct deduction from your salary, ensuring hassle-free installments managed by your institution.

These terms are crafted with your financial stability in mind, sourced directly from staff salaries to minimize defaults and maximize ease. Terms and conditions apply, so it's essential to review them during the application process.

Who is Eligible and How to Apply?

Eligibility is straightforward and inclusive, targeting verified staff of tertiary institutions. While specific criteria may include employment status, salary level, and institutional affiliation, the program prioritizes those in active service who can demonstrate a need for support.

Applying is simple and digital-first:

1. Visit the official application portal

2. Complete the online form with your details, including employment verification.

3. Submit required documents (e.g., ID, payslip, and institution letter).

4. Await approval—processing is efficient to get funds to you quickly.

For added convenience, scan the QR code on promotional materials or posters to jump straight to the site. Applications are open now, so don't delay!

Why TISSISF Matters for You and Nigeria's Education Sector

In today's economy, educators deserve more than just appreciation—they need tangible support. TISSISF not only alleviates immediate financial pressures but also invests in the human capital driving Nigeria's knowledge economy. By enabling staff to upskill, innovate in teaching, or even pursue entrepreneurial side hustles, this fund contributes to higher retention rates, improved institutional performance, and ultimately, a stronger educational landscape.

Imagine the impact: A lecturer funding advanced research without debt worries, or an administrator securing family stability to focus on administrative excellence. Stories like these are already emerging as the program rolls out.

Get Started Today—Your Support Awaits!

Ready to take the next step?

Head over to tissf.education.gov.ng and apply now. For any questions or clarifications, our dedicated contact center is here to help. Call 0700 055 1111 for personalized guidance from our team of experts.

Stay tuned to our website for updates, success stories, and more on how TISSISF is transforming lives. Together, we're building a brighter future for Nigeria's tertiary education workforce.

This program is a collaborative effort between the Federal Ministry of Education and the Bank of Industry. 

All applications are subject to standard verification and approval processes.