BUSINESSDAY
President Bola Tinubu on Friday, approved the appointment of Jim Ovia, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND).
The appointment is in line with the extant law signed on April 3, 2024, which empowers the President of the Federal Republic of Nigeria appoints the Board and Management.
Ovia, a seasoned banker and businessman, 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.
With this appointment, Ovia will now head a board whose members are drawn from the various ministries, regulatory bodies, and participating agencies, including the Federal Ministries of Finance and Education, the FIRS, NIMC, NUC, NBTE, and NCCE, as well as representatives of universities, polytechnics, and colleges of education, students of tertiary institutions, and the organised private sector.
The Board will coordinate the activities of a management team led by a Managing Director and it will include Executive Directors responsible for the day-to- day management and operations of the Fund.
