President Muhammadu Buhari Rules Out Foreign Exchange For Nigerian Students Abroad

President Muhammadu Buhari has ruled out foreign exchange for Nigerian students abroad.
During his recent visit to Qatar, the president said Nigeria could not afford to allocate foreign exchange for those who decided to train their children abroad. He, however, added that those who could afford to send their children to foreign schools could go ahead. “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. Buhari 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 the parallel market. “Anybody who is given dollars by the CBN to import pharmaceuticals and decided to go and sell at the parallel market in order to make maybe an additional N100, we will pursue them and punish them”, he said.
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