The Nigerian Education Loan Fund (NELFUND), under the leadership of Managing Director Akintunde Sawyerr, is setting new standards in the financial services industry by integrating cutting-edge artificial intelligence (AI) technology.
This integration aims to enhance operational efficiency and make education more accessible to all Nigerians, regardless of background or socio-economic status.
Sawyerr emphasised NELFUND’s commitment to supporting education and skills development, particularly with two innovative loan products: the NELFUND Student Loan and the newly launched Vocational Skills Loan Initiative.
These initiatives aim to help students and individuals pursuing vocational training by providing affordable financial solutions. The use of AI helps streamline the loan application process, improve customer service, and ensure efficient delivery of financial services.
Marking the 2025 International Day of Education, with the theme “AI and education: Preserving human agency in a world of automation,”Sawyerr expressed the importance of balancing technological advancements with human agency.
NELFUND’s efforts, aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda, are designed to promote educational accessibility, quality, and inclusivity, contributing to a more educated and empowered Society.
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