President Bola Ahmed Tinubu has constituted the Management Board for the Nigerian Education Loan Fund (NELFUND) with Mr. Akintunde Sawyerr as its pioneer Managing Director and Chief Executive Officer (CEO).
The appointment of the new board followed the signing of the Student Loans (Access to Higher Education) Amendment Act 2024 by President Tinubu on Wednesday.
A statement on Friday by Special Adviser to the President on Media and Publicity, Ajuri Ngelale, informed other members of the board include Mr. Frederick Oluwafemi Akinfala, who has been named the Executive Director, Finance and Administration and Mr. Mustapha Iyal, who is the Executive Director, Operations.
“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):
“Mr. Akintunde Sawyerr – Managing Director/CEO; Mr. Frederick Oluwafemi Akinfala – Executive Director, Finance and Administration; Mr. Mustapha Iyal – Executive Director, Operations.
“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,” the statement reads.
