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...