Breaking News
BREAKING: Bola Ahmed Tinubu Rolls Out ₦11.8 Billion Interest-Free Loan for University Staff — A First in Africa
In a major boost for Nigeria’s education sector, President Bola Ahmed Tinubu has approved the disbursement of ₦11.8 billion to 6,842 academic and non-academic staff across tertiary institutions under the Staff Support Fund.
The initiative, described as the first of its kind in Africa, provides interest-free loans mirroring the structure of the Nigerian Education Loan Fund aimed at easing financial pressure on university workers and improving welfare across campuses.
Education stakeholders say the move could significantly impact staff productivity and stability, while reinforcing the administration’s broader push to reposition Nigeria’s higher education system.
The Staff Support Fund adds to ongoing reforms in the sector, signaling a continued commitment by the Tinubu administration to support both students and institutional workers.Full Details. .
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