President Muhammadu Buhari has ruled out foreign exchange for Nigerian students abroad, saying that the country cannot afford but he can afford to send his children abroad.
He was responding to a question about the inability of parents with children schooling abroad to purchase forex at affordable rates to keep their children in school.
Mr. Buhari during an interview granted to Al Jazeera said: “Not every Nigerian can afford it and the country cannot continue to subsidize the forex needs of everyone.”
“Those who can afford foreign education for their children can go ahead, but Nigeria cannot afford to allocate foreign exchange for those who decided to train their children outside the country. We can’t just afford it. That is just the true situation,” he said.
Reminded by the interviewer that his own children school abroad, President Buhari said “I can afford it.”
Buhari also said the federal government would pursue and punish those receiving dollars from the Central Bank of Nigeria (CBN) for importation and selling same for profit at parallel markets.
“Anybody who is given dollars by the Central Bank of Nigeria (CBN) to import pharmaceuticals and decided to go and sell at parallel market in order to make maybe additional N100, we will pursue them and punish them”, the president stated.
He was responding to a question about the inability of parents with children schooling abroad to purchase forex at affordable rates to keep their children in school.
Mr. Buhari during an interview granted to Al Jazeera said: “Not every Nigerian can afford it and the country cannot continue to subsidize the forex needs of everyone.”
“Those who can afford foreign education for their children can go ahead, but Nigeria cannot afford to allocate foreign exchange for those who decided to train their children outside the country. We can’t just afford it. That is just the true situation,” he said.
Reminded by the interviewer that his own children school abroad, President Buhari said “I can afford it.”
Buhari also said the federal government would pursue and punish those receiving dollars from the Central Bank of Nigeria (CBN) for importation and selling same for profit at parallel markets.
“Anybody who is given dollars by the Central Bank of Nigeria (CBN) to import pharmaceuticals and decided to go and sell at parallel market in order to make maybe additional N100, we will pursue them and punish them”, the president stated.
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