FG to Close Schools Charging Fees in Dollars — Dele Alake

The Federal Government has vowed to shut down schools in Nigeria charging tuition fees in foreign currencies, such as dollars or pounds.

Minister of Solid Minerals Development, Dr. Dele Alake, made the declaration during the Nigeria Mining Week in Abuja, condemning the practice as an economic sabotage that worsens the naira’s depreciation.

According to Alake, demanding school fees in dollars causes forex leakages and increases pressure on Nigeria’s currency. He urged the Federal Executive Council to enforce strict action against any institution violating the policy.

Education stakeholders say the move will help protect the integrity of the naira and promote fairness in the nation’s education sector.

📍Source: Nairametrics | Telegraph Nigeria
🖊️ Compiled by: Abuja Affairs Blog