President Bola Tinubu has approved the appointment of three management teams to be in charge of the Nigerian Education Loan Fund (NELFUND).
The President’s spokesman, Ajuri Ngelale, via his social media platform, announced the new development of the approval on Friday.
Ngelale noted that the appointment of the qualified appointees stems from Tinubu’s determination “to secure Nigeria’s socio-economic future by ensuring sustainable higher education and critical skill development for all Nigerian students, including the youth.”
Recall that President Tinubu on Wednesday had signed the student loan bill into law titled “A Bill for an Act to Repeal the Students Loans (Access to Higher Education) Act, 2023 and Enact the Student Loans (Access to Higher Education) Bill, 2004.”
The qualified persons include Mr. Akintunde Sawyerr as the Managing Director; Mr. Frederick Oluwafemi Akinfala as the Executive Director, Finance and Administration; and Mr. Mustapha Iyal as the Executive Director, Operations.
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The statement disclosed that the President anticipates that the management team’s selection will hasten the establishment of the required infrastructure to enable this crucial fund to begin operating for the long-term and immediate benefit of Nigerian families and students throughout the nation.
