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Tinubu appoints management team for education loan fund

President Bola Tinubu has appointed Akintunde Sawyerr as the managing director and chief executive officer (CEO) of the Nigerian Education Loan Fund (NELFUND).

In a statement on Friday by Ajuri Ngelale, the presidential spokesperson, the president also appointed Frederick Oluwafemi Akinfala as the new executive director of finance and administration of the NELFUND.

Tinubu said the board was constituted to “ensure Nigerian students benefit greatly” from the education loan.

On Wednesday, the president signed the student loans amendment bill into law, to provide Nigerians with quality and accessible education.

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Mustapha Iyal will serve as the executive director of operations of NELFUND.

“In line with his determination to secure Nigeria’s socio-economic future by ensuring sustainable higher education and critical skill development for all Nigerian students and the youth, President Bola Tinubu has approved the appointment of the following qualified Nigerians to serve on the management team of the Nigerian Education Loan Fund (NELFUND),” the statement reads.

“With the appointment of the management team, the President expects that the necessary apparatuses are expeditiously put in place for the effective take-off of this pivotal Fund for the immediate and lasting benefit of Nigerian students and families in all parts of the country.”

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