The intriguing, highly intellectual, controversy spitting governor of the Central Bank Of Nigeria (CBN) has dropped another thought provoking bomb on the state of the Nigerian education system and the siphoning of Nigerian wealth to the Ghanaian economy. With an average semester tuition of $6000, the stunning revelation by the CBN Governor indicates an overwhelming capital investment by Nigerian parents in Ghana.
There are about 71,000 Nigerian students in Ghana paying about a billion US
dollars annually as tuition fees, according to the governor of Central Bank of
Nigeria (CBN), Sanusi Lamido Sanusi.Speaking at a book presentation in Kaduna during the celebration of the 80th birthday of Prof. Adamu Baike yesterday, the CBN governor said that the time has come when Nigeria needs to take the difficult step of overhauling political structures which have ensured that states spend about 96 percent of their resources paying salaries and allowances.
Sanusi also faulted the wisdom behind establishing nine new federal universities when existing ones have not been adequately funded by the government. According to him, the paucity of funding has led to a mass exodus of students and teachers to better organised educational settings such as Ghana, South Africa and other parts of the world.
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