President Bola Tinubu has appointed Jim Ovia as the chairman of the Nigerian Education Loan Fund (NELFUND).
Ajuri Ngelale, presidential spokesperson, announced the
appointment of Ovia, chairman of Zenith Bank, in a statement on Friday.
Ngelale said Tinubu believes that Ovia will bring his
immense wealth of experience to ensure that no Nigerian student suffers a
paucity of funds in the quest for tertiary education.
On April 3, Tinubu signed the student loans amendment bill into law to provide Nigerians with quality and accessible education.
The law will allow Nigerian students in tertiary
institutions to access low-interest loans for tuition and other academic needs.
Subsequently, the president appointed Akintunde Sawyerr as
the managing director and chief executive officer (CEO) of the fund.
Tinubu also appointed Frederick Oluwafemi Akinfala as the
executive director of finance and administration, while Mustapha Iyal will
serve as the executive director of operations of NELFUND.
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