Nigeria loses $500m annually to Western universities

The Committee of Vice-chancellors of Nigeria has revealed that Nigerians spend an average of US$500 million annually on European and American universities – about 70% of the total allocation in 2008 to all federal universities – writes Uche Nnaike for This Day.

This was contained in a communiqué issued at the end of a two-day Consultative Policy Dialogue on the Future and Relevance of the Nigerian Universities and other Tertiary Institutions, organised by the Committee of Vice-chancellors and Trust Africa in Dakar.

The communiqué, signed by Professor Michael Faborode, said the rush for foreign institutions – even in other African countries – was an indication of the loss of faith in Nigerian universities. The committee noted that constant restiveness of students, administration, weak governance structures and processes were some of the challenges facing the Nigerian higher education sector, reported the News Agency of Nigeria.
Full report on the This Day site