President Bola Tinubu has unveiled the management team for the Nigerian Education Loan Fund (NELFUND) and the Chief Executive Officer for the Nigerian Consumer Credit Corporation (CREDICORP), marking a significant step towards advancing his administration’s policies on education and consumer credit.
The management team for NELFUND, tasked with overseeing the disbursement of education loans, comprises seasoned professionals with diverse expertise. Mr. Akintunde Sawyerr assumes the role of Managing Director/CEO, bringing with him a wealth of experience in financial management and strategic leadership. Joining him are Mr. Frederick Oluwafemi Akinfala, appointed as Executive Director, Finance and Administration, and Mr. Mustapha Iyal, appointed as Executive Director, Operations. Together, they are poised to drive President Tinubu’s vision of providing accessible and affordable education financing to Nigerian students.
In addition to the NELFUND appointments, President Tinubu has appointed Engineer Uzoma Nwagba as the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP). Engineer Nwagba, a distinguished professional with a Master’s of Business Administration from Harvard Business School and a first-class Bachelor’s of Engineering from Howard University, Washington DC, brings a formidable blend of academic excellence and practical experience to his new role. His tenure as the Chief Operating Officer of the Bank of Industry, where he spearheaded micro-credit and financial interventions, underscores his capacity to drive CREDICORP’s mandate of expanding consumer credit access to Nigerian workers.
President Tinubu’s appointments reflect his administration’s commitment to fostering economic empowerment and enhancing access to education. By empowering students with education loans through NELFUND and extending credit facilities to Nigerian workers via CREDICORP, the government aims to stimulate economic growth, promote financial inclusion, and empower individuals to achieve their aspirations.
The appointees are expected to hit the ground running, implementing President Tinubu’s twin policies of providing credit to students and Nigerian workers to bolster their purchasing power. Their collective expertise and dedication to service will play a pivotal role in realizing the government’s vision of a prosperous and equitable society.
