Nigerians spent $609.5m on foreign education between January and August 2022, The PUNCH has learnt.
The PUNCH reports that Nigerians have continued to troop out in their numbers in pursuit of foreign academic qualifications.
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.
The data from the CBN revealed that Nigerians remitted more than $609.5m to foreign academic institutions in eight months without significant reciprocity in form of inflows from foreign sources to the local educational sector.reports that the United Nations Educational Scientific and Cultural Organisation observed that about 76,338 Nigerians were studying abroad as of 2018, the highest from an African country.
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