NELFUND is a creation of the National Student Loan Act, empowered as a legal entity to provide loans to eligible Nigerians for their education expenses, including tuition, fees, and living costs while studying in approved tertiary institutions and vocational training centres within Nigeria.
On Wednesday, April 3, 2024, Tinubu signed into law the amended National Student Loan Bill, which seeks to cater to students from federally or state-owned tertiary and government-approved vocational institutions.
Meanwhile, as announced in a statement by presidential spokesman Ajuri Ngelale on Friday, April 5, 2024, Tinubu confirmed Akintunde Sawyer as the Managing Director and Chief Executive Officer of the fund.
