FEDERAL GOVERNMENT UNVEILS LOAN SCHEME FOR STAFF OF TERTIARY INSTITUTIONS.

President BOLA TINUBU has introduced two new welfare programmes targeting education workers and retirees, with emphasis placed on the funding structure and execution.

 A statement from the Presidency confirmed that the schemes will be funded through a mix of budgetary allocations and targeted program funds, with oversight from relevant ministries to ensure transparency.

 The Tertiary Institution Staff Support Fund (TISSF) was first announced in July 2025 with the aim of providing loans for lecturers and non-academic staff in Nigerian universities, polytechnics, and colleges of education.

 The second initiative revealed recently will offer free healthcare to low-income retirees under the Contributory Pension Scheme. 

 The government stated that the programme would eliminate out-of-pocket payments for eligible pensioners, allowing them to access treatment without incurring direct charges at designated health facilities.