Tinubu meets Zenith Bank founder Jim Ovia, NELFUND boss Sawyerr
Translated from English, summarized and contextualized by DistantNews.
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Context piece
- President Bola Tinubu met with Zenith Bank founder Jim Ovia and Nigerian Education Loan Fund (NELFUND) MD/CEO Dr. Akintunde Sawyerr at the State House in Abuja.
- Ovia chairs the NELFUND Board, established by Tinubu's administration for an interest-free student loan scheme.
- NELFUND has disbursed over N303 billion to more than 1.64 million students nationwide.
President Bola Tinubu met with prominent figures Jim Ovia and Dr. Akintunde Sawyerr at the State House in Abuja. Ovia, the founder of Zenith Bank, now chairs the board of the Nigerian Education Loan Fund (NELFUND). Sawyerr serves as the Managing Director and Chief Executive Officer of the fund.
The meeting's purpose was not immediately disclosed. Ovia was appointed NELFUND Board chair on April 26, 2024, following President Tinubu's signing of the Access to Higher Education Act. This act established the interest-free student loan scheme.
NELFUND has reported significant disbursement, providing over N303 billion to more than 1.64 million students across over 300 higher institutions nationwide. Ovia, who retired as Zenith Bank's Group Chairman in May, remains active in education philanthropy through his university and foundation.
DistantNews Editorial
Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.
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