Abuja - The Commonwealth Youth Council has urged the President-elect, Maj. Gen. Muhammadu Buhari (retd.), to abolish foreign scholarships in the country after he assumes office on May 29, Punch reports.
In a statement issued by the CYC chairperson, Ahmed Adamu, in London on Saturday, the council said close to N100bn is spent on foreign scholarships annually by the Federal Government.
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According to Adamu, who is also an economic expert, the expenditure had resulted in the abuse of the naira and triggered devaluation of the currency.
He said this figure is extremely higher when adding the cost of other self-sponsored foreign education programmes.
Read more at Punch
- News 24