Stop collecting payments in Dollars – NUC tells Nigerian universities

The National Universities Commission (NUC) has warned Universities in Nigeria against charging fees in the United States of American dollars, saying no University operating in the country, whether public or private, is allowed to charge fees in dollars. Acting Executive Secretary of the NUC, Chris Maiyaki, who stated this during an interactive session with members of the Education Correspondent Association of Nigeria (ECAN) in Abuja, said the commission would be licensing two additional universities soon.

Nigeria currently has 270 universities, 52 federal, 63 states and 147 private universities respectively, which the NUC noted were not enough for the country of over 200 million population. Speaking against the dollarisation of the economy dollarisation of the economy, Maiyaki, however, observed that the charging of fees in dollars might be applicable to foreign students as dollars is the only acceptable unified unit of currency for international students all over. He also said there was no going back on the implementation of the newly approved Core Curriculum Minimum Academic Standards (CCMAS) with effect from the 2023/2024 academi

session, which showed that the NUC had taken a major step in its march towards remaining globally competitive. He explained that with the dollar as the only acceptable unified unit of currency for international students all over, some universities accused of charging their fees in dollars were only doing so to foreign students. Giving further clarification, Maiyaki noted that any international student who wishes to study in Nigeria would have to pay their fees in dollars. He said; “No Nigerian University is allowed. The Nigerian law actually prohibits any Nigerian entity to charge in dollars. That institution does not charge in dollars. Go to the website of that institution, you will see that it is very explicit.”