Nigeria Announces Leadership for Revamped Student Loan Program
President Bola Ahmed Tinubu has taken a significant step towards improving access to higher education in Nigeria. He has approved the appointments of a management team to oversee the National Education Loan Fund, a revamped version of the Student Loans program.
New Leadership Announced:
- Akintunde Sawyerr – Managing Director
- Mr. Frederick Akinfala – Executive Director, Finance and Administration
- Mr. Mustapha Iyal – Executive Director, Operations
Goals of the Revamped Program:
These appointments come after President Tinubu signed a new Student Loans Bill in 2024. The aim is to:
- Secure Nigeria’s future through sustainable higher education.
- Equip Nigerian students and youth with critical skills.
Addressing Previous Challenges:
The 2023 Student Loans Act faced issues regarding governance, loan purposes, eligibility, and repayment. The new version addresses these concerns.
Enhanced Powers for the Loan Fund:
- The Fund can now act as a legal entity, allowing it to:
- Enter contracts with students (loan agreements)
- Enforce loan repayments
President’s Expectations:
With the new leadership in place, President Tinubu expects a swift rollout of the program to benefit students and families across Nigeria.
Share News with us via WhatsApp: 08163658925 or Email: naijaeyes1@gmail.com
Join Our Social Media Channels:
WhatsApp: NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
READ THE LATEST POLITICAL NEWS
