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Tinubu Appoints Jim Ovia As Education Loan Fund Chairman

PRESIDENT Bola Tinubu has appointed Mr. Jim Ovia, (CFR) as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND).

The appointment was announced on Friday April 26, 2024.

Ovia, a businessman, is the founder and chairman of Zenith Bank.


He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

According to the Presidency, the President believes Mr. Ovia would bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers “a capricious end to their pursuit of higher education over a lack of funds and of ensuring that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”

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