Without NELFUND, many Nigerians wouldn’t be in university - Jim Ovia

The PunchIndependentCenter2 hr. ago

President Bola Tinubu is set to meet with Jim Ovia, founder of Zenith Bank, and Dr. Akintunde Sawyerr, managing director of the Nigerian Education Loan Fund (NELFUND), at the State House in Abuja. Ovia, who recently retired from Zenith Bank, continues his involvement in education through philanthropy. Sawyerr, appointed as NELFUND's first MD and CEO in April 2024, has overseen the disbursement of over N303 billion to more than 1.64 million students. Ovia has served on the NELFUND board since his appointment by Tinubu in April 2024, shortly after the president signed legislation establishing an interest-free student loan program. The purpose of the meeting remains undisclosed.

Bias read (Center): The article presents a factual account of a presidential meeting with business leaders involved in education initiatives. There is no overt ideological slant or emphasis on partisan perspectives. The focus is on the individuals' roles and contributions rather than taking a stance on political issues

Vanguard NigeriaIndependentConservative14 hr. ago

Jim Ovia, founder of Zenith Bank and chairman of the Nigeria Education Loan Fund (NELFUND), praised President Bola Tinubu for establishing the student loan program, which has allowed thousands of Nigerian undergraduates to access higher education. Ovia emphasized that NELFUND has significantly expanded access to tertiary education for students who might otherwise not have attended university. He stated that the program has been highly successful since its inception, benefiting numerous universities and students nationwide. Ovia denied claims of misuse, asserting that the initiative supports financially disadvantaged students and encourages them to pursue education. As of July 4, 2026, NELFUND had disbursed ₦303.9 billion in loans to over 1.6 million beneficiaries.

Bias read (Conservative): The article presents a positive perspective on the NELFUND program, emphasizing its benefits and success under President Bola Tinubu's administration. The framing highlights the program's effectiveness and downplays any potential criticisms, suggesting support for the current government's policies.