16th October 2025
The Minister of Solid Minerals Development, Dr Dele Alake, says Schools in Nigeria charging tuition fees in foreign currencies should be closed.
Alake made the call at the Nigeria Gold Day Celebration on the sidelines of the 10th edition of Nigeria’s Mining Week, themed Nigeria Mining: From Progress to Global Relevance, on Wednesday in Abuja.
He criticised the practice and described it as a part of the leakages and loopholes in Nigeria’s economy, threatening its growth.
“I am still going to make a proposal to the Federal Executive Council that all those schools in Nigeria that are charging in foreign currencies should be closed.
These are some of these leakages and loopholes that we say exist in our economy that people do not really take these things very seriously,” he said.
“If you look at the foreign currency that goes into some of this, it is humongous
“If your child is attending a school in Abuja or Lagos or somewhere in the country and is paying 10,000 pounds or 10,000 dollars as their fees, that means you will be looking for naira to go and buy dollars.
0 Comments