banki:
[s]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

texazzpete:
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.

1shortblackboy:
I'm just imagining if Jonathan made this statement. The cause wey for follow am enh ! Even devil sef go dey pity am

lookandlaff:



I dont support importation of toothpicks when we can manufacture toothpicks, if you want imported toothpicks fine but get your own forex. I dont support govt subsidizing foreign education when we have universities, if you want foreign education fine but get your own forex. I would rather spend money on fixing our schools than subsidizing foreign education for the well to do. That's the irony of it all....these are not children of poor people!!! Like I said Check Thisday last week (not sure which day but I am going to look for it and will post a screen shot) Oliseh Metuh got money from Diamond bank for his child's school fees @ N197.5. Are you telling me it will kill Olisah Metuh to get his forex on the black market?

badonkadonk:


But Nigeria can afford to buy new unneeded cars for our senators ba.?

I mean this man is just been plain hypocritical.. Everything dey on a stand still cos he doesn't have quality policy makers...

banki:
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

Montaque:
Buhari has integrity.
I know he will recall his kids from the UK or at most source £ or € from the black market. He is a humble man, and simple. He hates corruption and double standard.
I firmly believe he will.

Nnemuka:

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

Nnemuka:

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

banki:


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

johnmark1234:
Buhari is a BASTARD

modath:


Most commenters are just being contrary & antagonistic for petty reasons...

If anyone needs subsidized forex to pay fees, then it's safe to conclude they can barely afford it... which is the crux of the matter..

Education is important ,but foreign education is only useful for the recipient & relatives so it's not a major national emergency that will warrant that pharmaceutical,raw materials for essential goods & services oil,life threatening medical ailments etc take a back seat to it...

We can keep pretending like we don't know the dilemma of a mono export economy with decline in the value of such commodity but our precarious situation is clear for the Late Ray Charles to decipher...

my 2k



*caveat*
Quote me ONLY for robust & objective discuss, if your thing is sentimental bias / myopic crap, pls miss me with it..

banki:


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?

cynthy2000:
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/

adezjamz:
.......Bubu truly belongs to nobody.

Pity

l am bubu, why mention my name

banki:
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

johnmark1234:
Buhari is a BASTARD

texazzpete:


Please, be serious.

How are our lecturers who were largely trained in the 80s or 70s supposed to pass on modern trends and recent developments to the new generation?
There are a LOT of Nigerians who just go and come back to get the certificate, but there are plenty others who come back to add value. do you know how many new IT millionaires and employers of labor we have now in Nigeria, instituting new tech and new ways of doing things?

The guys behind Smile internet, you think their further studies were done in ABSU? Mark Essien founded hotels.ng, Nigeria's biggest hotels booking site with an annual turnover in hundreds of millions, if not billions. he learnt how to be a Software developer in Berlin. My friend is specializing in nuclear medicine in South Africa, and will return to be one of the foremost in that field in Nigeria. Another friend moved from Uniben to Oxford, returned to be a leading light in internal revenue generation, lectured part time in LBS and is now working with external investors and partners to build Nigeria's first cancer center.

And these are just a few examples.

Just because you only follow the lives of a few desperate fellows who just want to emigrate, It doesn't mean there aren't tons of Nigerians coming back to make a difference. How else will we get any modern knowledge in mechatronics, robotics, computer engineering, advanced farming techniques etc that aren't taught as well here?

I have been a Buhari supporter for a LONG time. But he GOOFED badly here, and betrays how out of touch he really is.

jattshaf:


Just like your father

anath:


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

lookandlaff:


The senate is an independent branch of government, the executive has no control on what the senate or the judiciary do. Last time I checked, Buhari is driving in the same car Jonathan was using.


Is it right that the senate is displaying such insensitivity at a time like this, no but that's not on Buhari. Lay blame where it is due.

johnmark1234:
Buhari is a BASTARD

banki:


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?

Realist2:
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.

Realist2:
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.