The Chairman, Committee of Pro-chancellors of Nigeria, Dr. Wale Babalakin, has said that there is high cash flight of about N160bn from Nigeria to Ghana annually as the cost of university education of about 75,000 Nigerian students schooling in Ghana.Click on read more below to continue...
Babalakin stated that Nigerians also spend huge amounts for the education of their children or wards in other countries including the United States, the United Kingdom, Canada, and Malaysia.He stated that Nigeria’s budget for education in 2011 was not up to N160bn indicating that Nigerians spent more in Ghanaian universities in 2011 than the Federal Government spent on education the same year.
Speaking during the first Leading Light award presentation of the University of Ilorin Alumni Association in Ilorin on Friday, Babalakin said 75,000 students is the size of about three Nigerian universities.He also recalled that in 1975, four Nigerian universities were rated among the top 20 in Africa but today the leading university of the country is not within the best 10 in Africa.
Babalakin, who was the chaired the occasion, said university education in Nigeria was at a crossroad and called on intellectuals to fashion out strategies to overcome the challenges facing the
sector.
This is so sad!
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