Nigerian govt disburses N13 billion interest-free loans to 7,450 tertiary institution workers (opens original article in a new tab)

The Nigerian government disbursed N13 billion in interest-free loans to 7,450 tertiary institution workers as part of the Tertiary Institutions Staff Support Fund (TISSF) programme, which allows up to N10 million loans at 33.3% of gross salary for various purposes. The Academic Staff Union of Universities initially rejected the scheme but later negotiated a 40% salary increase and allowances.

• Nigerian government disbursed N13 billion in interest-free loans to 7,450 tertiary institution workers
• TISSF programme allows up to N10 million loans at 33.3% of gross salary for transportation, healthcare, and business
• ASUU rejected TISSF in 2025, but negotiations led to 40% salary increase and allowances