Gsbt

President Muhammadu Buhari Kunle Aderinokun in Lagos and Tobi Soniyi in Abuja President Muhammadu Buhari has said that Nigeria cannot afford to sell forex to parents seeking to fund their children education abroad. This president’s position on forex allocation for school fees of Nigerian students studying abroad was part of the interview Buhari granted to Aljazeera television during his trip to Qatar last weekend, which was posted on the TV’s website sunday. Buhari said his position on the forex allocation issue followed a discovery that the high demand for forex by parents of the students studying abroad to pay their wards’ tuition fees had been putting unnecessary pressure on the Naira, which in turn affects Nigerian economy. Convinced that the practice is responsible for the current free fall of the currency, Buhari said the country could no longer continue to sell dollars to parents to sponsor their wards in schools abroad. He, however, said any parent who could afford forex ou...

The Yoruba Initiatives (TYI), a Socio-Cultural and Non-Political group in the South-West has cautioned against the growing agitation to break-up Nigeria. The group said this in a statement issued by its Spokesman; Mr Fola Olamiti on Monday in Abuja. Olamiti stated that the decision was reached at the end of the second meeting of the group held in Ibadan. The group pledged to join other well-meaning groups in the country to canvass for and ensure that Nigeria was restructured. It also called on the Federal Government to consider a timely restructuring of the country as an immediate solution to the increased agitations. “Restructuring will end the multifaceted problems of Nigeria including corruption, inter-ethnic issues, stifled growth of the federation, widespread security challenges and general suspicion. “The idea to restructure Nigeria has been thoroughly debated and agreed to during the last National Conference by all the geo political zones of the country. “This ...