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Schools Charging Fees in Foreign Currencies Should Be Shut, Minister Says
Nigeria Minister of Solid Minerals Development, Dr. Dele Alake, has called for the closure of schools that charge tuition in foreign currencies, saying the practice harms the country’s economy and undermines the naira.....KINDLY READ THE FULL STORY HERE▶
Speaking on Wednesday during the Nigeria Gold Day Celebration at the 10th Nigeria Mining Week in Abuja, Alake said that schools collecting fees in dollars or pounds contribute to the rising demand for foreign exchange and weaken the local currency.
“It is only in this country that I see so many contradictory things that destroy the economy,” Alake said. “If your child is attending a school in Abuja or Lagos and you are paying £10,000 or $10,000 as school fees, you will have to look for naira to buy dollars. That alone drives up the value of the dollar.”
The minister said he plans to submit a formal proposal to the Federal Executive Council urging the government to shut down any schools that continue to collect fees in foreign currencies. He described the move as part of broader efforts to plug economic loopholes and promote financial discipline.
“I am still going to make a proposal to the Federal Executive Council that all those schools in Nigeria that are charging in foreign currencies should be closed,” Alake said. “It is unacceptable and unpatriotic.”
Alake’s comments come amid renewed efforts by the Nigerian government to strengthen the naira, which has fallen sharply in value over the past year. The Central Bank of Nigeria (CBN) has repeatedly warned against conducting domestic transactions in foreign currencies, saying it violates the country’s monetary laws.
Some private and international schools in Nigeria, especially those offering British or American curricula, charge tuition and other fees in dollars or pounds. Many of these schools argue that their operational costs are tied to foreign exchange rates and imported materials.
However, Alake dismissed these justifications, saying that local institutions operating within Nigeria should transact strictly in naira. “We cannot continue to allow practices that erode the value of our national currency,” he said.
The minister also linked the issue to broader economic reform efforts within his ministry, particularly in the gold value chain. He said the government is introducing digital tools to monitor and regulate the sale of solid minerals, ensuring that transactions are conducted in naira rather than foreign currencies.
According to Alake, the National Gold Purchase Programme (NGPP) is one example of this new approach. Under the initiative, the federal government buys locally mined gold in naira and adds it to the nation’s foreign reserves. He said the policy aims to build confidence in the local currency and reduce Nigeria’s dependence on the U.S. dollar.
Economic experts say Alake’s call could have far-reaching implications if implemented. Closing schools that charge in foreign currencies would affect many international and private institutions across major cities such as Lagos, Abuja, and Port Harcourt.
While some analysts agree that the measure could help reduce pressure on Nigeria’s foreign exchange market, others warn it could disrupt education services and discourage foreign investment in the sector.
Education stakeholders have long debated the legality of charging school fees in foreign currencies. In 2024, the Economic and Financial Crimes Commission (EFCC) warned that such practices might violate the CBN Act, which stipulates that the naira remains the only legal tender in Nigeria.
As the government considers the proposal, observers say enforcement will be key. Questions remain about how the policy would be applied, particularly for international schools serving expatriate communities.
For now, Alake’s statement adds momentum to a growing national conversation about protecting the naira and reducing dollar-based transactions in the domestic economy.
If the Federal Executive Council adopts his proposal, Nigeria could see a new phase of monetary enforcement — one that directly links education policy with the fight to stabilize the nation’s currency.
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‘We Drank Garri With Muddy Water’ – Kidnapped NYSC Member Recounts Ordeal.
One of the prospective members of the National Youth Service Corps (NYSC) rescued from kidnappers in Imo State has recounted the horrifying conditions they endured in captivity, revealing that their abductors beat them and forced them to survive on dry garri and dirty water in a forest.....KINDLY READ THE FULL STORY HERE▶
Speaking in an interview with the BBC, the victim disclosed that the kidnappers monitored conversations between captives and their families, assaulting them whenever they were displeased with anything said during the calls.
She was among 20 prospective corps members and another passenger abducted on October 1, 2026, while travelling from Ibadan, Oyo State, to orientation camps in Abia and Akwa Ibom states.
According to her account, the kidnappers allowed the victims to contact their relatives using a phone but subjected them to physical punishment if their conversations provoked the abductors.
She said, “We are given a phone to call our family, and if any family say anything they don’t want to hear or any rubbish that would make them angry, we will be beaten.
“That person will be beaten, used the gun, wood. Sometimes they use their hands to punch them, mostly the guys.”
Recounting the circumstances surrounding the abduction, the victim explained that their journey began at about 9 a.m., with the vehicle making several stops along the way.
She said the driver eventually stopped after reaching a stretch of road considered dangerous, and the passengers were advised to rest before continuing their journey.
The prospective corps member added that she had informed her family they would spend the night in a public place before going to sleep.
However, she said she woke up to find herself caught up in the abduction and could not understand how she had been taken to the forest where they were initially held.
“When I woke up, that was when the incident happened. I don’t know how we got to the forest where we were kept for some time,” she recounted.
The victim said the abductors later moved them further into the forest, where access to food and clean drinking water was severely limited.
Describing their living conditions, she revealed that the captives survived mainly on dry garri and muddy water, despite the poor quality of the water.
“What we are eating there is just garri. Like Igbo garri, dry garri with mud water. Very dirty water. I can’t even give my enemy that water. We don’t have a choice, we have to take it for survival,” she said.
She also described the emotional distress she experienced during captivity, explaining that the situation left her confused, frightened and unable to process what was happening.
“I can’t explain how I felt. I can’t even cry, I was just looking, I was lost. I don’t know what to do,” she said.
“It felt like it was a movie. I don’t believe that this is happening to me.”
The victim further disclosed that she feared she might not survive the ordeal before security operatives intervened.
She expressed gratitude to the government and security personnel, particularly operatives of the Department of State Services (DSS), whom she credited with helping to secure their release.
“The government, the DSS staff, we were rescued by them,” she stated.
The prospective corps members were abducted on October 1 when gunmen reportedly attacked two buses along the Owerri-Onitsha Road near Umunoha in Imo State.
They regained their freedom on October 7 following a coordinated security operation and were subsequently taken to a DSS medical facility in Owerri for treatment.
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‘I’m The Commander Of Field Operations’ – Wike Sends Strong Message Ahead Of 2027 Election
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has declared himself the commander of field operations for President Bola Tinubu’s re-election campaign in Abuja ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
reports that Wike made the declaration on Monday during a stakeholders’ meeting of the Rainbow Coalition in Abuja.
The meeting was attended by stakeholders from the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), including party chairmen, serving and former senators, National Assembly candidates, and political leaders from the FCT’s six area councils.
Speaking at the gathering, Wike announced plans for a joint mobilisation effort involving APC and PDP members to secure victory for Tinubu in the presidential election and support candidates of the ruling party contesting National Assembly seats in the FCT.
The minister urged participants to prioritise the coalition’s shared political objective over their individual party affiliations.
Wike said the stakeholders had reached a consensus on supporting Tinubu’s re-election bid, adding that he would coordinate political activities in both the FCT and Rivers State.
“For the presidency, all of us have agreed that it is Bola Ahmed Tinubu. I am going to coordinate the FCT and Rivers State. So you can imagine how important it is,” he said.
Emphasising his role in the FCT campaign, Wike added, “I am in charge of the FCT election. I am the commander of field operations as far as the FCT election is concerned.”
He further called on members of both parties to work together, insisting that political differences should not undermine their collective objective ahead of the polls.
“I want to let all of you know that we are going to work together. Nobody should say, ‘I am PDP’ or ‘I am APC.’ For the purpose of this election, we are together,” the minister stated.
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2027 Election: Pantami Reacts As INEC Removes His Name From Final Governorship List.
Former Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, has appealed to his supporters to remain calm following the omission of his name from the Independent National Electoral Commission’s (INEC) final list of candidates for the 2027 Gombe State governorship election.....KINDLY READ THE FULL STORY HERE▶
Pantami, who defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP) in May, was absent from the list published by INEC on Saturday.
In a statement shared on his social media platforms, the former minister’s camp described the development as a temporary electoral setback, assuring supporters that efforts were being made to resolve the issue.
The statement, signed by Professor Suleiman Mohammed Gombe, acknowledged the concerns raised by PDP members and supporters of the Pantamiyya Movement both within and outside Gombe State.
According to the statement, Pantami’s legal and liaison teams are engaging relevant PDP organs and INEC to secure compliance with a court order and address the omission within the period allowed by law.
The camp urged supporters to remain optimistic, stressing that the publication of the final list did not bring the matter to a conclusion.
“We are aware of the people working behind the scenes to frustrate good and responsible leadership in Gombe State,” the statement said.
Expressing confidence that the issue would be resolved, the camp encouraged supporters to sustain their mobilisation efforts and remain committed to the movement’s goal of serving humanity.
It also reaffirmed the unity between the PDP and the Pantamiyya Movement, stating that both remained committed to advancing the political aspirations of their supporters in Gombe State.
“No distraction will derail our course, in sha Allah,” the statement added.
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