₦airaland Forum

jaybee3:
Here is a good spin for those with common sense.

Should government be subsidising foreign education?

The true value of the dollar is not the pegged figure so why should government be subsidising the rich/upper middle class when they are less than 10% of the population

wirinet:
Where is the hypocrisy? Are you disputing the fact that Buhari can afford to buy the £30,000 university of surrey school fees at black market rate, as a former head of state and retired general?

MKO4ever:
The reality is that at the moment, Nigeria does not have the capacity to support foreign education. Those who can afford it should continue, but Nigeria can no longer subsidize foreign education at this moment.
Next will be medical bill (just watch out)

obailala:
So what exactly is your point? That because Buhari has his children abroad or he buys his official cars abroad, then the right thing to do is also to extend that privilege to all Nigerians and crash the nation to zilch in seconds?

I thought a more worthy argument should have been about the government banning those pilgrimages and purchase of exotic cars instead of calling for the government to subsidise school fees for the rich?

okpurukata:
How about those on various Govt sponsored scholarships? This Govt has kept mum over them.

jaybee3:
Government usually forward plan for these things so in actual sense they would have had projected figures in the yearly budget and they can easily reconcile the figures to reflect the exchange rate disparity.

However, if their long term view is that the scheme is no longer sustainable alas financially viable then they should simply recall them and instead strengthen our education system so more people can benefit instead of the select few.

obailala:
So what exactly is your point? That because Buhari has his children abroad or he buys his official cars abroad, then the right thing to do is also to extend that privilege to all Nigerians and crash the nation to zilch in seconds?

I thought a more worthy argument should have been about the government banning those pilgrimages and purchase of exotic cars instead of calling for the government to subsidise school fees for the rich?

MKO4ever:
It is obvious you did not listen to Mr President's interview with Aljazeerah and it is more obvious that you know nothing about FX Market.
Mr President never said there is no FX for education, the question is, 'at what rate'
Even if you wish to import toothpick and require FX, you will definitely get it, but at what rate?
If the government allows school fees to be paid at the official rate, then the government is subsidizing the school fees.
Therefore Mr President was only saying that school fees will no longer be subsized because we can no longer support it.

Do you know the simple implication?
Any time government subsize FX payment, our reserve is directly affected

Please go back and watch the video interview and you will see that Ben Bruce was talking nonsense here