foreign education

CBN Report Shows Nigerian Students Spend N635.49 Billion on Foreign Education

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CBN Report Shows Nigerian Students Spend N635.49 Billion on Foreign Education

The Central Bank of Nigeria (CBN) has revealed that Nigerian students in nine months(January to September 2022) spent a whopping N635.49 billion ($1.38bn) on foreign education. LEGIT.NG reports that this includes tuition fees, accommodation, living expenses, and other related costs of studying abroad. Speaking, Godwin Emefiele, the Governor of the Central Bank noted that Nigeria’s … Read more

CBN releases $3.5bn for foreign education under Buhari

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CBN releases .5bn for foreign education under Buhari

Data obtained on Sunday from the Central Bank of Nigeria’s website revealed that under President Major General Muhammadu Buhari, the educational sector of Nigeria saw significant capital flight (retd). According to figures on the CBN’s balance of payments, Nigerians spent a significant amount on international education during the past seven years—$3.5 billion (June 2015 to … Read more