NELFUND Management Team Appointed

President Bola Ahmed Tinubu has appointed the Management Team for the Nigerian Education Loan Fund (NELFUND).

This was disclosed by the Senior Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga.

NELFUND team comprises the Managing Director/ CEO, Mr. Akintunde Sawyer, the Executive Director of Finance and Administration, Mr. Fredrick Oluwafemi Akinfala, and the Executive Operations, Mr. Mustapha Iyal.

The newly appointed NELFUND Team will implement the President’s policy of giving credit to students.

Recently President Tinubu passed the Student Loan (Access to Higher Education ) Act (Repeal and Re-enactment) Bill into law.

Earlier, the Senate and House of Representatives had given separate considerations to the report of the Committee on Tertiary Institutions and TETFUND.

Signing the bill, President Tinubu said at the State House in Abuja that nobody no matter how poor their background is would be excluded from quality education and opportunity to build their future.

The Bill established the Nigerian Education Loan Fund as a corporate body to receive, manage, and invest funds to provide loans to Nigerians for higher education, vocational training, and skill acquisition and related matters.

The Act, known as the Students Loan Law, established the NELFUND to process all loan requests, grants, disbursement, and recovery.

The scheme was delayed severally leading to an indefinite postponement after the government announced that it would be launched.

According to the President, the loan would be catering to all young people who are gifted in different areas, not only those who want to be doctors, lawyers, and accountants but also for those who want to use their skilled and trained hands to build Nigeria.

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