FG Appoints Management of Nigerian Education Loan Fund

President Bola Tinubu has approved the appointment of three qualified Nigerians to serve on the Nigerian Education Loan Fund (NELFUND) management team.

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

The president also appointed Akintunde Sawyerr as the managing director and chief executive officer (CEO) of the Nigerian Education Loan Fund (NELFUND).

Tinubu further appointed Mr. Mustapha Iyal as the Executive Director, Operations of NELFUND.

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