The Federal Government has commenced disbursement of the Tertiary Institution Staff Support Fund ‎with over 9,000 staff beneficiaries receiving disbursements in the first year.

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A statement by the Director, Press and Public Relations, Federal Ministry of Education, Mrs Folasade Boriowo explains that the figure represents 28% of the 33,000 verified applicants drawn from 219 Federal and State tertiary institutions across the federation.

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‎The Federal Ministry of Education reaffirms its commitment to transparent fund management, quarterly financial reporting, and continuous engagement with participating institutions, to ensure that funds disbursed translates into improved welfare, motivation and institutional performance.

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‎Speaking on the milestone, the Minister of Education Dr. Olatunji Alausa explained that the Fund is restoring dignity, rewarding dedication, and rebuilding the foundation of the knowledge economy.

 

‎The Tertiary Institution Staff Support Fund is a landmark initiative of President Bola Tinubu’s Renewed Hope Agenda designed to strengthen staff welfare, institutional productivity, and innovation across Nigeria’s tertiary education system.

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‎The initiative launched in August this year, following a high-level stakeholders’ session, empowers staff by offering them up to 10 Million Naira loan to address key livelihood and productivity challenges including access to housing, education, healthcare, mobility, and small business development at zero interest.

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Editing by Adeniyi Bakare