President Bola Tinubu has inaugurated the Nigerian Education Loan Fund (NELFUND), aiming to eliminate financial barriers to higher education and promote inclusivity across Nigeria.
During the digital launch at the State House, President Tinubu emphasized education as a crucial tool against poverty and a pathway to national development.
He commended NELFUND’s leadership, chaired by Mr. Jim Ovia, and managed by Mr. Akintunde Sawyerr, for their dedication in driving the initiative forward.
President Tinubu reiterated his commitment to ensuring the success of NELFUND, stating, “Education is the light at the end of the tunnel. We are investing in it because it is the greatest weapon against poverty and insecurity.”
He highlighted the importance of education in combating societal challenges and fostering inclusiveness, essential for national stability and progress.
Ovia, Chairman of NELFUND, expressed gratitude for the opportunity to contribute to national development through education, referencing the initiative’s alignment with the United Nations’ Sustainable Development Goals.
On his part, Sawyerr, Managing Director, assured that NELFUND is well-equipped to meet the initial demands, having received over 110,000 applications since its portal opened on May 25, 2024.
“We are focused on ensuring equity in loan distribution across all geopolitical zones,” Sawyerr affirmed.
He assured that Nigerian students will have the support they need to pursue higher education and contribute meaningfully to the nation’s progress.
Meanwhile, the Federal Ministry of Youth Development has announced its plans to commemorate the 2024 World Youth Skills Day (WYSD) on Tuesday, July 16.
The announcement was made in a statement by the Director of Press and Public Relations, Omolara Esan, on Thursday in Abuja.
According to her, the annual event aims to emphasize the importance of equipping young people with the necessary skills for employment and entrepreneurship, as well as addressing challenges related to skills acquisition among the youth.
