Minister Urges Closure of Schools Charging Foreign Currencies
Dr. Dele Alake, Minister of Solid Minerals Development, has called on the Federal Government to shut down schools in Nigeria that charge tuition fees in foreign currencies.
"I am still going to make a proposal to the Federal Executive Council that all those schools in Nigeria that charge in foreign currencies should be closed."
According to Dr. Alake, this practice is one of the economic leakages affecting Nigeria's economy and weakening the naira. He made this statement during the Nigeria Gold Day Celebration at the 10th edition of Nigeria's Mining Week in Abuja.
- Schools charging in foreign currencies harm the economy.
- The practice weakens the naira.
Author's summary: Minister urges FG to close schools charging foreign currencies.