Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,448 members, 7,954,764 topics. Date: Saturday, 21 September 2024 at 08:45 AM |
Nairaland Forum / Nairaland / General / Education / Nigerian Students Abroad Are On Their Own - Buhari (32025 Views)
The Woes Of Nigerian Scholarship Students Abroad / Nigerian Students Abroad Plead With Fg To Give Them A Better Exchange Rate / Forex Crisis: Nigerian Students Abroad Apply To Home Universities (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Nigerian Students Abroad Are On Their Own - Buhari by cynthy2000: 7:30am On Mar 07, 2016 |
With the current free fall of the Nigerian currency (Naira) against the major foreign currencies (Dollar, Pound, Euro etc.), the Nigerian government under president Muhammadu Buhari has stopped the sales of forex to parents of students studying abroad. Parents of Nigerian students abroad who just last year obtained dollar at the then official exchange rate of ₦166 are now forced to obtain the dollar at the current parallel/black market rate of over ₦300. What this means is that parents who last year paid about ₦1.6 million for a $10,000 tuition fee abroad will now have to pay about ₦3 million for the same $10,000 tuition fee in foreign Universities/Colleges or withdraw their wards. In an interview with Al Jazeera, President Buhari while responding to a question on the challenges faced by parents with kids in schools abroad, who are now facing the possibility of having to pull their kids out, simply said “If the country cannot afford it, so be it.” When probed further by Al Jazeera's Martine Dennis about his children who obviously will continue their studies abroad, the president said "Those who can afford it, can still afford it. But for those who can’t, Nigeria cannot afford to allocate foreign exchange for those who decided to train their children outside the country. We can’t just afford it.” “Well, that’s the true situation we are in.” The federal government is convinced that the high demand for forex by parents of the students studying abroad has contributed to the current free fall of the Nigerian currency. The president also frowned on those who received foreign exchange from the Central Bank of Nigeria(CBN) at the official exchange rate but divert same to make more profits. “Anybody who is given dollars by the CBN to import pharmaceuticals and decides to go and sell at parallel market in order to make, maybe additional N100, we will pursue them and punish them”, the president vowed. Source: http://campusportalng.com/education/forex-nigerian-students-abroad-buhari/32252/ 8 Likes 5 Shares
|
Re: Nigerian Students Abroad Are On Their Own - Buhari by cynthy2000: 7:31am On Mar 07, 2016 |
Well, this is the sad reality of situation on ground 5 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by Nobody: 7:33am On Mar 07, 2016 |
end time Oyo.. that's the change we need remaining balance 19 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by PoliticalThuG(m): 7:33am On Mar 07, 2016 |
Lol. Bubu funny sha 1 Like |
Re: Nigerian Students Abroad Are On Their Own - Buhari by Pumpkin34(f): 7:33am On Mar 07, 2016 |
Na wa oh 1 Like |
Re: Nigerian Students Abroad Are On Their Own - Buhari by adezjamz(m): 7:36am On Mar 07, 2016 |
.......Bubu truly belongs to nobody. Pity 27 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by Psylas(m): 7:37am On Mar 07, 2016 |
Sai barbarians, where una dey o 44 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by bigtt76(f): 7:39am On Mar 07, 2016 |
Thank God I sorted my fees long before all these mess ...wonder how I for survive! Sometimes sacrificing comfort pays 47 Likes 4 Shares |
Re: Nigerian Students Abroad Are On Their Own - Buhari by Realist2: 7:42am On Mar 07, 2016 |
This kind president, you can afford to pay your children own, but those who can't afford it are on their own?. Nigerians are in for a long thing, very soon, Buhari will say the same thing on the economy. Welcome to Chanji. 106 Likes 4 Shares |
Re: Nigerian Students Abroad Are On Their Own - Buhari by 1shortblackboy: 7:45am On Mar 07, 2016 |
I'm just imagining if Jonathan made this statement. The cause wey for follow am enh ! Even devil sef go dey pity am 136 Likes 7 Shares |
Re: Nigerian Students Abroad Are On Their Own - Buhari by joseph1832(m): 7:48am On Mar 07, 2016 |
Well what more can one say... |
Re: Nigerian Students Abroad Are On Their Own - Buhari by banki(m): 7:56am On Mar 07, 2016 |
Is there anything wrong with what he said? There is scarcity of dollars and most of it goes on school fees,and frivolities! No more subsidising 27 Likes 2 Shares |
Re: Nigerian Students Abroad Are On Their Own - Buhari by Nnemuka(f): 7:59am On Mar 07, 2016 |
banki:gbam incase you have a child in his final year at the university studying medicine or "avionics" abeg send him back to Nigeria to continue from osun state university. no time. Nigeria cannot afford to subsidize, we only subsidize when our moslem brothers want to go on pilgrimage to mecca. sai changi 136 Likes 5 Shares |
Re: Nigerian Students Abroad Are On Their Own - Buhari by banki(m): 8:12am On Mar 07, 2016 |
Nnemuka: Bros it's simple economics... Let me ask you and be sincere if you were in the president's shoes with the current fall in the price of crude and the fact that forex is scarce please tell me what you will do? 19 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by Nnemuka(f): 8:24am On Mar 07, 2016 |
banki:i will do exactly what buhari did, send my own kids abroad and tell other nigerians who can afford it to do so. abi na 154 Likes 14 Shares |
Re: Nigerian Students Abroad Are On Their Own - Buhari by texazzpete(m): 8:32am On Mar 07, 2016 |
this is utter rubbish. While it can be seen as a luxury to send your kids overseas to school, we must never forget that it is a KEY mechanism for knowledge transfer, and remains one of the best ways to 1) TRansfer knowledge and modern trends in medicine, science and technology and other fields 2) Ensure the next generation of lecturers and academics have the most exposure to the latest developments I much rather the Govt continues aiding students to get access to forex at official rates than keep lavishing our precious forex on dinosaurs like Dangote that pay barely any tax. 47 Likes 4 Shares |
Re: Nigerian Students Abroad Are On Their Own - Buhari by banki(m): 8:43am On Mar 07, 2016 |
Nnemuka: Abeg which of buharis kids is currently in school abroad? Besides what he simply says is if you want forex to pay for school fees go to the banks and bureau de change, govt will stop subsidizing dollars the only people that will benefit from dollar subsidy now is manufaturers 8 Likes 1 Share |
Re: Nigerian Students Abroad Are On Their Own - Buhari by johnmark1234(m): 9:14am On Mar 07, 2016 |
Buhari is a BASTARD 33 Likes 1 Share |
Re: Nigerian Students Abroad Are On Their Own - Buhari by lilprinze: 9:40am On Mar 07, 2016 |
Nigerians have entered one chance 17 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by AZeD1(m): 9:44am On Mar 07, 2016 |
texazzpete:How do you stop rounding tripping of the dollar? 2 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by henryzeesmiles: 10:21am On Mar 07, 2016 |
Changi na the part of changi bi Dis o..... if na Jonathan ona for say kill am cos him na 9ja delta man.... dem no fit to rule... but Buhari changi [quote][/quote] 6 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by anath(m): 10:25am On Mar 07, 2016 |
banki: Then other politicians and I will send our kids abroad for better education then those that are poor to study in Nigeria. Then during job recruitment they(politicians children) will be the first to be hired. Then big inequality between the rich and the poor 37 Likes 1 Share |
Re: Nigerian Students Abroad Are On Their Own - Buhari by ShitHead(m): 11:22am On Mar 07, 2016 |
Gbam! Afterall, he can afford it for his children with the government money, through tax on your hard earned money. But your children died voting for him; this is the real CHANGE. Change of destiny. 23 Likes 1 Share |
Re: Nigerian Students Abroad Are On Their Own - Buhari by Clone2020(m): 11:22am On Mar 07, 2016 |
Nigerians have been short changed. 15 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by brainbox1000(m): 11:24am On Mar 07, 2016 |
Hnmm.... change... 2 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by ayusco85(m): 11:25am On Mar 07, 2016 |
What happens to ptdf scholars in the UK 1 Like |
Re: Nigerian Students Abroad Are On Their Own - Buhari by mile12crises: 11:25am On Mar 07, 2016 |
Buhari has gone mad again 13 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by 190: 11:25am On Mar 07, 2016 |
useless man 6 Likes |
Re: Nigerian Students Abroad Are On Their Own - Buhari by VickyRotex(f): 11:25am On Mar 07, 2016 |
Re: Nigerian Students Abroad Are On Their Own - Buhari by RaeMystix: 11:25am On Mar 07, 2016 |
Now adays it's actually considered a bad idea to send a child abroad for studies, without the completion of a first degree. Most especially the United States. 1 Like |
Re: Nigerian Students Abroad Are On Their Own - Buhari by TippyTop(m): 11:26am On Mar 07, 2016 |
banki: Whats good for Bubu's children is also good for our children. Why can't Bubu live by example? 9 Likes |
(1) (2) (3) (4) (5) (6) (Reply)
JAMB: Galadima Zakari's 364, The True Highest Score In 2018 UTME / Dr Olumuyiwa Igbalajobi Asks Canadian University To Stop IELTS In Nigeria / ASUU President, Emmanuel Osodeke, Asks Nigerians To Vote Out APC (Video)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31 |