President Tinubu appoints management team for Nigerian Education Loan Fund

President Bola Tinubu has appointed the Nigerian Education Loan Fund (NELFUND) management team.

The newly appointed management team has been tasked with overseeing the operations of NELFUND, an entity established to provide financial assistance in loans to economically disadvantaged Nigerian students, enabling them to cover tuition fees at tertiary institutions nationwide.

The management team for NELFUND, approved by President Tinubu, includes:

• Mr. Akintunde Sawyerr – Managing Director/CEO
• Mr. Frederick Oluwafemi Akinfala – Executive Director, Finance and Administration
• Mr. Mustapha Iyal- Executive Director, Operations

A statement from the presidency noted that with the inauguration of the management team, President Tinubu expects the swift establishment of operational frameworks to ensure the efficient functioning of NELFUND.

”President Tinubu envisions NELFUND as a vital instrument for advancing the educational aspirations of Nigerian students and families nationwide. 

”The Nigerian Education Loan Fund is poised to play a pivotal role in bridging the financial gap in higher education, empowering countless Nigerian youths to pursue their academic dreams without undue financial burden,” the statement noted.