How Nigeria wastes unjustified wealth on overseas education | Report
26 March 2021 |
7:16 am
Despite a severe shortage of foreign exchange (forex), overseas education continues to drain the country’s resources, as Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, admitted $80 million weekly disbursements for personal travel allowances or payment of overseas school fees. The amount, which translates to $960 million yearly, is disbursed to banks to enable Nigerians to meet their forex responsibilities.
This is after a recent report indicated that Nigerians spend £30 million (about N20 billion) yearly paying tuition in the United Kingdom alone while the country’s education system grapples with challenges of underfunding, poor remuneration, and obsolete teaching facilities.
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3 Comments
#The Nigerian so-called leaders still see britain and the western countries as a point of “prestige” reference when their children study there and have refused to UPDATE the Nigerian schools to WORLD CLASS and save billions of dollars, pounds, euros etc foreign exchange and make the Nigerian NAIRA & KOBO very worthy.
The Nigerian so-called leaders since 1960 are VERY WICKED, UNPATRIOTIC, TRAITORS/BETRAYALS of Nigeria and Nigerians of every tribe and RELIGION to the imperialists slave and colonial masters clan where they are all HOUSE NEGERS.
SHAME.
TOO BAD.
OMASHE OOOOO.
IT MUST not STAND ANYMORE.
ENOUGH is ENOUGH.
God bless u my bro, dats why I say the
atrocities done by those colonial thieves is a lot more than wot we know, for leaders in Africa refusing to develop their own facilities but happy to fund another country institutions shows the damages done by those colonial rammagers are still much active in their mind, but I stop blaming the Europeans cus our leaders, ( I can’t even refer to them as our leaders,) they ar better referred to as power grabbing morons have a lot of exposures and opportunities to correct the damages but somehow they are still in that colonial glorified mindset, it’s like they hv been programmed and set in default to implement the wrong policies always
You SAID IT ALL.
You have a GOOD BRAIN.
The Nigerian and Black African countries so-called leaders since 1960 are poliTHIEFcians and rulers and never LEADERS.
Nigerians and the Black African countries citizens of every tribe and RELIGION SEEK NIGERIAN and BLACK AFRICAN COUNTRIES LEADERS in NIGERIAWIDE and in the Black African countries and Black countries worldwide immediately and RIGHT AWAY
We will review and take appropriate action.