President Bola Tinubu has appointed renowned banker and businessman, Mr. Jim Ovia, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND).
The appointment was disclosed in a statement released by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Friday.
The Matrix reports that President Tinubu on April 3, signed the National Students Loan Amendment bill into law.
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The amended bill was signed after he initially signed the student loan bill into law back in June 2023, to offer financial assistance to Nigerian students in tertiary institutions.
Following the earlier signing of the bill, its implementation faced delays due to various issues hindering its rollout.
Reacting, Ngelale noted that the President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds
According to the Special Adviser, Ovia will be tasked with ensuring that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.
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“Mr. Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.
“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.
“The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.
“The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage,” the statement read in part.
