No More Forex For Nigerians Schooling Abroad - Buhari

President Muhammadu Buhari has finally put paid to the uncertainty that has been trailing the provision of foreign exchange to Nigerians schooling or hoping to school abroad, saying that
the country was not financially stable enough to continue to afford it.
However, the President has now opposed the apex bank, making it clear that it will, henceforth, be “tough luck” for those who are or wish to school abroad.
“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,” he said.
“We can’t just afford it. That is just the true situation.”
Buhari, who made the statements in an interview with Aljazeera, also said those who were making means via rent seeking of the dollar would be pursued and punished.
“Anybody who is given dollars by the CBN to import pharmaceuticals and decided to go and sell at parallel market in order to make maybe additional N100, we will pursue them and punish them,” he said.
It is not yet known if Buhari’s statement is in consultation with the CBN.