Connect with us

Foreign

Naira devaluation: Tough times for Nigerian students in UK, tuition soars by 60%

Published

on

Many Nigerian students are facing tough times in the United Kingdom after the naira equivalent of their tuition fees increased by over 60 per cent following the recent move by the Central Bank of Nigeria to unify the nation’s foreign exchange rates.

About two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates, the apex bank decided to float the naira at the Investors and Exporters’ Window of the foreign exchange market. Since then, the naira has fallen from N471/dollar to N750/dollar and N589.4/pound to N957.2/pound.

This has led to about 60 per cent increase in tuition fees for students in the UK.

This rise in exchange rate has put more pressure on many Nigerians that are schooling in the UK and beyond.

The UK is one of the destinations of choice for many Nigerians as 128,770 Nigerian students enrolled in universities in the United Kingdom between 2015 and 2022 according to data from the Higher Education Statistics Agency of the UK.

According to the CBN, study-related foreign exchange outflow to the UK rose to $2.5bn in 2022. Nigerian students and their dependants in the United Kingdom contribute about £1.9bn annually to the UK economy, according to an analysis by SBM Intelligence.

Many of these students may now struggle to pay the balance of their tuition due to the sharp decline in the value of the naira.

UK universities are currently on break.

Students lament hike

A Nigerian student resident in Manchester, Adejoro Deborah, who sounded stressed told The PUNCH, “This policy is affecting those of us here and even intending students. My sibling has had to forfeit her admission because of this policy.

“Many students have fallen victim to online scammers just because they want to buy pounds, a friend of mine, for example, was a victim of third-party purchase as the banks at home are not dependable.”

Another Nigerian student studying in Leeds explained that the major challenge was that many kept their tuition fees in their naira account at the former rate.

The student said, “Now they have to start looking for more money because the rate has gone up. If the official rate is not different from street rate, so what’s the essence of waiting for several weeks for your bank when you can just get it from third-party platform. It has only put more pressure on the students to look for more money.”

The student added, “If you put N5m in your account in March when the rate was around N560/£, that means it will pay around £9k tuition fee, but by July, the N5m will only be able to pay around £5k since the rate is now around 1k/£, so that’s where the real problem is. You need to start looking for an additional £4k. That’s the challenges many students are facing.”

Another Nigerian, who is currently studying at Liverpool John Moores University, has become stranded after the school withdrew his access to the school portal.

His access to the university’s portal was withdrawn by the school following his failure to pay his tuition. The Nigerian (name withheld) could not raise the required 4,800 pounds to complete his tuition.

Narrating his ordeal he said, “The school has withdrawn my access to its platform. As a result, I can’t check the results of my last exam. Everything is done via the platform. I cannot also access my official email given by the school. I can’t attend both online and in-person classes again. It is very frustrating, I am completely shut out.”

The depressed student, who is allowed to work for 20 hours a week as a student, said he could not get a better job because prospective employers were demanding proof that he is allowed to work as a student.

He added, “In fairness to the school, I was given several deadlines which I missed. I could not pay because I was unable to raise enough funds to buy foreign exchange. The exchange rate is very high.”

Another student (name withheld) of the school, said he was on the verge of losing his studentship before he managed to borrow money from friends in Nigeria to pay his tuition.

He shared a copy of a letter that had been addressed to him giving him a final deadline to pay the outstanding tuition.

The letter read in part, “According to our records there is an outstanding balance of £4800 on your university tuition fee account. LJMU has advised you of this situation via emails to both your LJMU and personal email addresses.

“Despite this correspondence, the debt remains outstanding and accordingly, we are now arranging for you to be withdrawn as a student of the University. If this happens, UK Visas and Immigration will be informed that you are no longer a student at LJMU.”

The letter was sent by the Head of Registry Services of the school.

A student, studying IT Project Management at Teesside University, lamented that many Nigerian students are still in shock.

She said, “Some people are not totally stable because they used to convert their naira to pounds for school fees payment.”

She explained that while she did not benefit from the official rate initially, she still has to pay more now. She said “When I got in initially, I converted at the rate of N920-935 thereabout. But after the CBN reforms, it has been a nightmare. The highest I did a while ago was N990. But today, it is about N1008, if not more.”

Another Nigerian student (name withheld), who is studying at Strathclyde University, explained that the new exchange rate might cause him to drop out of school.

He said, “This new reality has called for a review of the whole plan entirely. Everything has to reset at the end of the year.

“My year is ending in October/November but I now have to review everything. I am running a Ph.D. programme and the cost is 20,000 pounds a year. When we were using Form A and the official rate was about N600, it was about N11m.”

He noted that his budget when he started was between N33m –N35m for the entire programme. He stated, “Now, I will be looking at N20m for the second year and N40m in total for my remaining two years.

“This is causing me to rethink my plans, because I can’t spend that type of money on this. N40m is a lot, especially on those at home that are sponsoring this, it doesn’t sound reasonable. This will impact how I will continue with my course.”

Speaking on the matter, a student currently studying in the UK, who simply identified herself as Shalewa said, “When I started schooling in London in 2017, pounds was about N300 or less. I am still in school and now I had to pay N1,000 for one pound. 19,500 pounds to naira means that my mum will be coughing out millions that she should be using for retirement.”

An international multimedia journalist and student based in the UK, Michael Orodare, noted that the suffering of many Nigerian students is an open secret.

He said while many people had tried to use Form A to pay their tuition fee balance, earlier, banks had delayed with excuses, including issues around tax clearance.

He said, “A lot of students are finding it difficult to pay their tuition. What many Nigerian students here are now trying to do is to use the naira in their account to try and buy pounds which is now more than N1000. This is now more expensive and making fee payment very difficult for Nigerian students.”

Intending students worry

The increase in the cost of forex is also affecting many Nigerians intending to study in the UK.

For many of them, Proof of Funds is the most problematic part of their application process now.

According to an education consultant, Oyebode Omolewa, Proof of Funds is a student’s tuition balance plus living expenses. She stated that it is a crucial requirement for students planning to go to the UK as it proves to the UK government that a student has the capacity to take care of themselves while studying.

She noted that the rates are now dependent on when student submit their visa applications. She explained that when the official rate was around N560 – N600, students’ proof of funds was lower.

Omolewa said, “Proof of funds is the student’s tuition balance plus living expenses. For example, if a student’s tuition is about 15,000 pounds, and they pay 5,000 pounds to the university, their proof of funds will be the 10,000 pounds balance plus living expenses.

“If the school is located outside of London, the cost of living is 9,207 pounds, if it is in London, it is 12,006 pounds. Let’s say we have a 10,000 pounds balance, if the school is outside London which is 9,207 pounds, when you add the two together, you will have 19,207 pounds multiplied by the exchange rate on the day you applied for a visa.

“If it was N1000 on the day it was 19,207 pounds multiplied by N1,000 before it used to be about N580 multiplied by 19,207 pounds.”

Omolewa further explained that PoF has been affected a lot, especially for students trying to go with their family members.

She noted that PoFs have almost doubled. She said, “PoF has almost doubled. This is likely to affect the number of people applying for study Visas now because if you were planning N15 million initially and now you need about N6 million extra if you don’t have it, you will just have to wait until you get it.”

Another student, who is planning to leave by August, said the PoFs had increased considerably with many intending students struggling to meet up.

He said, “When you calculate PoF now, the least you will get is about N1,100. It has really affected it, and it is not a good one. If you wanted to do a PoF of 19,000 pounds, before now you would need N16 million in your account. But now, you would have nothing less than N24 million for a 19,000 pounds PoF.”

Another intending UK-bound student, who only gave her name as Titi, stated that when she started her visa processing, PoF was pegged at N600/pound. According to her, she would have fallen victim to the new exchange rate if not that she applied less than a week before the change.

She noted that her PoF which was N9.8 million is now over N16 million. She told The PUNCH, “I am still good on my PoF, it was still less than N9.8 million. The Friday before the 12th of June, someone asked me to apply for my visa.

“Thank God for countries like the UK where your PoF will be determined based on the exchange rate of the day you apply. That was my saving grace. I applied on that Friday, and by the following week, exchange rate had gone up.

“My PoF was a little above N9.5 million. By the following week, it hit N16 million. I was going to be judged according to the exchange rate on the day of my application, but the thing is if I had applied a little later than I did, my PoF would have risen to over N16 million. I am just an average Nigerian, I don’t have one N6 million, N8 million somewhere. I would have needed about N17 million if I was late.”

According to her, she would have deferred her admission if she had applied after the exchange rate went up.

PUNCH
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Foreign

Nigerian Student Found Dead in U.S., Community Seeks Family in Anambra

Published

on

The Nigerian community in the United States has been thrown into mourning following the sudden death of Eric Ezeokoli, a student of California State University, Long Beach.
Ezeokoli, who was born on October 6, 1960, reportedly died on Friday, April 11, 2026, at Saint Mary’s Hospital after a brief illness.
Until his death, he was studying Engineering at the university, also known as Long Beach State University. Sources disclosed that he had previously lived in San Jose before relocating to the Los Angeles area.
Tragically, at the time of his passing, Ezeokoli was said to be homeless and living in his car, with no fixed address.
The deceased was originally from Anambra State, although details about his exact hometown remain unclear. There are indications he may have hailed from Aguata, but this has not been officially confirmed.
Efforts are currently underway to locate his family members and relatives in Nigeria. Members of the Nigerian community and concerned individuals are appealing to anyone with useful information about Ezeokoli’s background or family to come forward.
A contact person, Paul Kizito Eze, has been designated to receive information that could help trace the deceased’s relatives.
The appeal has also been extended to people from Anambra State, particularly those familiar with communities in Aguata, to assist in identifying and notifying the family.
The situation has sparked renewed concern over the welfare of some Nigerians living abroad, especially those facing hardship and isolation.
Anyone with relevant information is urged to reach out urgently to assist in reconnecting the late Ezeokoli with his family for proper burial arrangements.

NB: Anyone who knows Eric or his family in Nigeria. If you knew Eric, have any information about his relatives, or are from his hometown in Anambra State, please contact:
Paul Kizito Eze
Phone: 714-768-9074
Continue Reading

Foreign

Iran: Trump Says US Forces Could Destroy Every Bridge, Power Plant Within 4 Hours

Published

on

President Donald Trump doubled down Monday on his threat to wreck Iran’s civilian infrastructure, warning US forces could destroy every bridge and power plant in the country within four hours and that a truce proposal from international mediators was not yet enough.

Five weeks into the Middle East war triggered by a joint US-Israeli air assault on Tehran, the US leader has demanded that Iran reopen the Strait of Hormuz to international shipping by midnight GMT on Tuesday, or face a newly devastating round of bombing.

Both Trump and Iran have said that a proposal touted by international mediators for a 45-day ceasefire is not yet ready, and in a Washington press conference, the US president dialled up his warlike rhetoric once again.

“We have a plan — because of the power of our military — where every bridge in Iran will be decimated by 12 o’clock tomorrow night, where every power plant in Iran will be out of business, burning, exploding and never to be used again,” Trump said.

Trump had earlier accepted the ceasefire plan was a “significant proposal”, but went on to say it was not good enough. Iranian state media quotes officials stating that Tehran too “has rejected a ceasefire and insists on the need for a definitive end to the conflict”.

Trump said intermediaries “are negotiating now” on improving the ceasefire proposal, which US media reported was being mediated by Pakistan, Egypt and Turkey.

Iran’s military said it would “continue the war as long as the political authorities see fit”.

Trump’s latest threats, including a profanity-laced social media post on Sunday, have sent shockwaves through the international community.

International Committee of the Red Cross chief Mirjana Spoljaric warned that “deliberate threats… against essential civilian infrastructure” are illegal.

But talk of a ceasefire came as the US and Israel were striking targets across Iran, including major petrochemical facilities, and as Iran continued missile and drone attacks around the region.

Iran’s virtual blockade of Hormuz has sent oil and gas prices soaring and pushed countries around the world to enact measures to contain the fallout.

Earlier Monday, Israeli strikes had hit major Iranian petrochemical facilities, including in Asaluyeh on the Gulf coast, the country’s biggest, and another outside Shiraz in central Iran.

Israel’s military said it had also struck Iranian air force targets, including planes and helicopters at airports in Tehran and elsewhere.

Iran’s Guards posted on Telegram on Monday that their intelligence chief Majid Khademi, had been killed at dawn in US-Israeli strikes.

Israel’s military also said it had killed Asghar Bagheri, commander of the Guards’ Quds Force special operations unit, on Sunday.

“We will reach anyone who seeks to harm us,” Israeli Prime Minister Benjamin Netanyahu said.

The Guards’ Intelligence Organisation vowed a “major retaliatory strike” against those responsible for killing their commanders, their official Sepah News website reported.

Yemen’s Houthi rebels said they launched an attack targeting Israel, supporting their backer Iran and Lebanon’s Hezbollah.

The war, which erupted on February 28 with US-Israeli strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei, has engulfed the Middle East and roiled the global economy.

The worldwide oil squeeze has hit aviation, with Indonesia on Monday saying it would increase a jet fuel surcharge and low-cost carrier Air Asia X announcing ticket price hikes of up to 40 per cent.

South Korea will send ships to fetch oil from Saudi Arabia’s Red Sea port of Yanbu, avoiding Hormuz altogether, a ruling party MP said, while Taiwan’s government said it too would take the Red Sea route.

Gulf nations allied with the US have also been sucked into the war, with Kuwait and the UAE reporting strikes and injuries from Sunday to Monday.

Iran has continued to launch attacks at Israel, where the military and medics said four bodies were recovered from a residential building in the northern city of Haifa that was struck by a missile.

Iranian media reported several attacks on residential areas of Tehran, while the state broadcaster said gas outages hit parts of the capital after a strike on a university.

AFP

Continue Reading

Foreign

Nigerians in India cry out over alleged police brutalisation, Govt Clampdown

Published

on

Some Nigerians in India have raised the alarm over what they described as increased racial profiling and brutalisation by the Indian police.

They lamented visa regularisation challenges and high renewal fees, which they said had made life unbearable in the Asian country.

Some of the residents alleged that some Nigerian students were physically assaulted, adding that reporting to the authorities had changed nothing.

The allegations are coming amid growing agitations by student bodies demanding urgent diplomatic intervention in the situation.The National Association of Nigerian Students recently staged a peaceful protest at the Indian High Commission in Abuja over what it described as “alarming reports” of inhumane treatment of Nigerian students in India.

NANS issued a seven-day ultimatum to the Federal Government for urgent diplomatic engagement, warning that it would escalate advocacy actions nationwide if the issues were not addressed.

Speaking with journalists during the demonstration, the NANS Vice President (Special Duties), Abubakar Mallawa, decried the alleged ill-treatment of Nigerians, adding that the association had received multiple distress reports from students in Indian cities, particularly Mumbai, over visa challenges, discriminatory practices and systematic profiling.

He noted that the affected students and other Nigerians engaged in legitimate businesses had faced difficulties in renewing visas, mass arrests linked to immigration status, denial of rental accommodation based solely on nationality, closure of Nigerian-owned shops, confiscation of goods, and, in some cases, forceful entry into residences and detention under degrading conditions.

The group also raised concerns over  the visa application process, alleging that Nigerian applicants were often required to pay interview and processing fees but denied visas without clear explanations.

In a recent interview on Arise TV, the National Secretary of NANS, Anzaku Shedrack, said the group had been receiving disturbing videos showing the brutalisation of Nigerians in several parts of India, and called on the Ministry of Foreign Affairs to intervene.

A video clip played by the tv station showed some suspected Indians attacking and stoning an individual, said to be a Nigerian, on the floor.

In an interview with Saturday PUNCH, the Education Coordinator of the Association of African Students in India, Rajasthan chapter, Abisola Williams,  said Nigerians were going through tough times in India.

Williams also admitted that Nigerian students were seriously affected by regularisation challenges.

The third-year physiotherapy student explained that India does not grant permanent residency to international students.

“It’s either you’re a student or a professional with a work visa. As for Nigerians, we have to renew our visas every year, as students or professionals,” she said.

Williams noted that Indian authorities reserved the right to deny visa extensions to students who failed to meet academic or financial obligations.

Another Nigerian student in Delhi, who spoke on condition of anonymity, alleged that Nigerians were required to pay 10,000 rupees (about N146,000) every three months to renew their visas, a fee she claimed is lower for students from other African countries.

“Other students from other African countries do not pay for it. We were told it was an agreement between the Indian and Nigerian governments for students to pay every three months. I know Zimbabweans who are not paying to renew visas, while Ghanaians pay a maximum of 500 rupees, which is about N8,000. This is just unfair. That’s the cross Nigerians bear to regularise their stay in India.  They don’t give us enough time to raise the money. But for other nationals like Zimbabweans, they get about eight months before their next visa expires,” the student said.

She added that the fee was not disclosed during visa processing in Nigeria and that many students only became aware of it after arriving in India.

The student further alleged that Indian police actively track Nigerians, whose visas had expired, leading to arrests, intimidation and deportation.

“When my visa was about to expire, I went to renew it, but was surprised to learn it was 10,000 rupees. After that, the police came looking for me because I had not renewed my visa.

“I have seen male students who were bullied and harassed because of this. They don’t believe we live by the rules. Anything that goes wrong is attributed to Nigerians, and it’s unfair.

“There are people who have faced serious injustice in the hands of these officers. Some were taken to deportation camps. I knew someone who was deported to Nigeria for this,” she said.

Drug crimes in India

No fewer than 50,000 Nigerians are believed to be resident in India.

Analysts believe that the Nigerian community is being targeted due to increased arrests of some people from the country for alleged drug trafficking.

In 2024, Indian agencies arrested 660 foreign nationals for drug-related crimes.

No fewer than 106 of the suspects were reported to be Nigerians, the second highest. Nepal was first on the list with 203 nationals.

Also, 2,356 Nigerians were deported by India between 2019 and 2024, with removals quadrupling from 339 in 2021 to 1,470 in the 2023-2024 fiscal year.

Nigerians are police informants – Diplomat

But a diplomat in India said some Nigerians were being used as informants by the Indian police.

The official, who spoke on condition of anonymity, alleged that such people were usually induced with money.

“Fellow Nigerians report one another to the police when they have disputes. They become informants because the authorities give them a share. When Nigerians are arrested, the police extort money from them, and the informants take a cut. These practices put the country in a bad light,” the source said.

The envoy urged the Federal Government to pursue reciprocity so that Indian students in Nigeria would receive similar visa terms.“Sometimes, people assume any black person involved (in a crime) is Nigerian, which is not always the case. Due diligence is necessary before drawing conclusions.”

The source also urged Nigerians to comply with local laws.

The official added, “People should ask why Nigerians are being maltreated. What offence did they commit? You are in another country and must obey their laws. Some individuals have overstayed for years without valid visas. Once caught, there may be consequences.”

On the quarterly visa renewal, the official said the issue also affects Nigerian diplomats and called for reciprocal measures.

“As diplomats, our families renew visas yearly. It is an issue we have raised at the highest level, but nothing has been done. The best approach is reciprocity. We should ensure their families get similar terms, while we consider shorter durations for their students.”
PUNCH

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.