President Bola Tinubu has appointed renowned banker and businessman, Jim Ovia, as the Chairman of the Nigerian Education Loan Fund (NELFUND).
The loan fund aims to ensure that no Nigerian student is denied higher education due to financial constraints.
In a statement released by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the President expressed his confidence in Ovia’s ability to bring his wealth of experience and professional stature to this role. Ovia’s task is to ensure that all Nigerian youths have access to higher education and skills development, regardless of their background.
Ovia, founder of one of Nigeria’s leading banks, is a respected business leader with a track record of empowering young Nigerians. He holds a Master’s in Business Administration from the University of Louisiana and is an alumnus of Harvard Business School.
The National Student Loan Programme is a vital intervention aimed at guaranteeing sustainable higher education and functional skill development for all Nigerian students and youths. The Nigerian Education Loan Fund, the implementing institution, requires excellence and top-notch professionals to guide and manage its operations.
President Tinubu signed the National Students Loan Amendment bill into law on April 3, following the initial signing of the student loan bill in June 2023. The amended bill aims to offer financial assistance to Nigerian students in tertiary institutions, ensuring that no one is excluded from quality education and opportunities due to financial constraints.
Speaking after signing the amended bill, President Tinubu emphasized that education is important in fighting poverty and ensuring that all Nigerian citizens have access to quality education and skills development.
