The figure for May 2022 was put at $82.78m, while in June and July 2022, the apex bank released $84.98m and $61.99m, respectively.
The total forex spent on education services in 2022 was 40.36 per cent higher than the $720.05m spent in 2021, which means that more Nigerians have been showing interest in foreign education.
The PUNCH reports that education in Nigeria, especially in the tertiary educational sector, has been marred by industrial actions by tertiary institution-based unions such as the Academic Staff Union of Universities, the Academic Staff Union of Polytechnics and the Colleges of Education Academic Staff Union.
“Also, we should stop this idea of ‘dollarizing’ everything. Until then, people would continue to pay more for ‘quality; education which most people believe that it is available overseas because of the state of our public universities.” “Except if we want to hide behind one finger, then we would pretend as if we are not aware of what is pushing people overseas for studies. Simply, Nigerian Public Universities are in bad shape, and people of means would continue to push their wards overseas until we are serious about our educational system; that is, holistic overhauling of the system is needed.”
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