Ben Bruce writes on Buhari’s “No more forex for Nigerian students schooling abroad” stance

In an interview with Al Jazeera, President Buhari while responding to a question on the challenges faced by parents with kids in schools abroad, who are now facing the possibility of having to pull their kids out, simply said “If the country cannot afford it, so be it.”

When probed further by Al Jazeera’s Martine Dennis about his children who obviously will continue their studies abroad, the president said “Those who can afford it, can still afford it. But for those who can’t, Nigeria cannot afford to allocate foreign exchange for those who decided to train their children outside the country. We can’t just afford it. Well, that’s the true situation we are in.”

The FG is convinced that the high demand for forex by parents of the students studying abroad has contributed to the current free fall of the Nigerian currency. The president also frowned on those who received foreign exchange from the CBN at the official exchange rate but divert same to make more profits.

He said: “Anybody who is given dollars by the CBN to import pharmaceuticals and decides to go and sell at parallel market in order to make, maybe additional N100, we will pursue them and punish them.” Above is Senator Ben Bruce’s position on the new development…… n as u can see, he is clearly offside once again….


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