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Management of Colleges Of Education: Governor Obaseki receives report of commission of inquiry

By TVC News Nigeria
07 October 2020   |   10:54 am
In Edo state, the government is beaming its searchlight on fraudsters and abusers of public funds with a promise to make them bear the weight of the law when found culpable.

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In Edo state, the government is beaming its searchlight on fraudsters and abusers of public funds with a promise to make them bear the weight of the law when found culpable.
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Consecutive lockdowns in the restive region for security and COVID reasons, coupled with a shutdown of high-speed internet and mobile connectivity, have hurt students' educational opportunities.
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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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