FG Launches ₦10 Million Interest-Free Loan for Tertiary Institution Staff | What You Need to Know скачать в хорошем качестве

FG Launches ₦10 Million Interest-Free Loan for Tertiary Institution Staff | What You Need to Know

The Federal Government has launched a groundbreaking ₦10 million interest-free loan scheme for staff of Nigeria’s tertiary institutions — a first-of-its-kind move aimed at improving welfare, boosting morale and strengthening human-capital development. Unveiled by the Minister of Education, Dr Tunji Alausa, the Tertiary Institutions Staff Support Fund (TISSF) allows eligible academic and non-academic staff to access loans of up to ₦10 million at zero interest, with a 24-month moratorium and a flexible repayment period of five to seven years. In the first phase alone, more than 9,000 beneficiaries from 219 federal and state-owned institutions have already been approved, covering both teaching and non-teaching staff. This video breaks down: • Who is eligible • How much staff can borrow • Repayment terms and conditions • What the scheme means for staff welfare and productivity Is this a genuine turning point for Nigeria’s education sector, or just a temporary relief measure? Watch to find out — and share your thoughts in the comments. Keywords: #tertiary #staff #nigerianews #educationfunding