The Chairman, Senate Committee on Tertiary Education and TETFund, Senator Binta Garba, has revealed that Nigerians spend about $2bn annually in their quest to acquire education abroad, describing the trend as embarrassing.
The Senator, who spoke on Tuesday at the inauguration of new governing board of 12 federal universities in Abuja, said the sum was used to service the fees of elites, who crave for foreign education.
She, however, pointed out that the situation could be stopped if stakeholders join forces to strengthen the weak educational structures in the country.
According to her, “Capital flight from education in Nigeria is about $2 billion. This is something we must work hard to stop.
“We at the National Assembly are projecting that before 2019, there should be a very drastic reduction of such funds going out of the country.”
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