Forex crisis: Nigerian students abroad apply to home universities

Many Nigerian students studying abroad have been seeking transfer to Nigerian universities to complete their education at home because of the scarcity of foreign exchange.

Saturday Punch gathered that the students were forced to take the decision following the huge exchange rate which many parents could no longer afford.

Some of the students told Saturday Punch that they would prefer to return to the country to complete their studies, instead of going through difficulties and long waits for forex that is no longer available to them at the appropriate time.

An Ogun State indigene, Babatunde Agboola, who is studying in the United States, told one of our correspondents that he and some of his friends had agreed to return to Nigeria to complete their studies.

“The message we keep on receiving from home every day is that dollar is scarce and this is affecting our education,” Agboola said.

Asked which way the scarcity of the dollar was affecting them, he simply said, “In all areas. We need to buy food and sometimes books, but when there is no money to buy them, automatically we will be affected. So, it is better we return to Nigeria to complete our studies.”

A large number of Nigerian students are studying abroad, mainly in the United States, the United Kingdom and Canada, among others.