• Nigerians pay N20.25b tuitions yearly to UK schools, says reportDespite severe shortage of foreign exchange , overseas education continues to drain the country’s resources, as Governor of the Central Bank of Nigeria , Godwin Emefiele, admitted $80 million weekly disbursement 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 meet their forex responsibilities.
Authored by Matthew Page, a U.S. intelligence community expert on Nigeria, the report revealed how PEPs in West Africa have wasted unjustified wealth in the UK education sector. The research called on UK officials to conduct more scrutiny on the conditions under which children of politicians enroll in British schools, arguing that this would help realise the UK’s global anti-corruption objectives and “close a troublesome anti-money laundering loophole.”BUT Pro-Chancellor, Chrisland University, Prof. Ayodeji Olukoju, has noted that education tourism is just one of several forms of tourism for which Nigerians are famous for.
The former vice-chancellor lamented that the capital flight impacts on the nation’s economy and how it indirectly robs educational institutions of financial support that could have come from a private endowment of chairs, equipment and grants to institutions and scholars.
Is our own education justified
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