The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has reiterated the agency’s dedication to making quality education both accessible and affordable for all Nigerians.
In a statement released on Friday to mark the International Day of Education, themed “AI and Education: Preserving Human Agency in a World of Automation,” Sawyerr highlighted NELFUND’s efforts to support students through innovative loan programs.
“We are excited to showcase our NELFUND Student Loan and the newly introduced Vocational Skills Loan Initiative, both designed to make education and skill development accessible to everyone. These initiatives are supported by our ongoing AI-driven process optimization and a strong commitment to educational inclusion in Nigeria,” Sawyerr stated.
He emphasized that education is key to unlocking a brighter future and reaffirmed NELFUND’s commitment to ensuring that financial constraints do not hinder anyone’s educational journey.
Highlights of NELFUND’s Initiatives:
- NELFUND Student Loan: Provides financial assistance for students pursuing higher education, offering flexible repayment options tailored to individual needs.
- Vocational Skills Loan Initiative: A new product aimed at supporting individuals seeking vocational training and skill development, bridging the gap between education and employment.
- Commitment to Inclusion: Ensures access to educational financial solutions for marginalized communities, regardless of background or socioeconomic status.
- AI-Driven Process Optimization: Leverages cutting-edge AI technology to streamline loan applications, improve customer service, and enhance the delivery of financial solutions.
Sawyerr noted that these efforts align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, contributing to a more inclusive and educated society. By enhancing educational accessibility and quality, NELFUND aims to play a significant role in achieving the national vision.
“NELFUND is committed to fostering education and skill development through innovative financial solutions that address the diverse needs of our clients. With continuous AI integration, we are setting new standards in financial services, ensuring that education remains a priority in an ever-evolving world,” he added.
