Nigeria's Minister Dele Alake Tell Govt To Shut Down Schools Collecting Fees In Foreign Currencies

Dr Dele Alake, Nigeria’s Minister of Solid Minerals Development has called for the closure of schools in Nigeria that charge tuition fees in foreign currencies.....
He made this statement during the Nigeria Gold Day Celebration at the 10th edition of Nigeria’s Mining Week in Abuja on Wednesday October 15, 2025.

He said

“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. These are some of the leakages and loopholes in our economy that people do not really take seriously..
“If you look at the foreign currency that goes into some of this, it is humongous
‎“If your child is attending a school in Abuja or Lagos or somewhere in the country and is paying 10,000 pounds or 10,000 dollars as their fees, that means you will be looking for naira to go and buy dollars.
‎Driving the value of dollar up, whereas this school is in Abuja in Nigeria, you can’t go to UK, establish a school, and then be charging naira, it’s not done.
‎“It’s only in this country that I see so many contradictory things that really demolish the economy,”

Pmnews