Foreign Students 'stranded' The economic woes

A sharp decline in oil revenues - Nigeria's main source of foreign exchange - tight fiscal policies with the new government, the welfare of Nigerians studying abroad are threatened. There are a lot of students are reportedly stranded and can be targeted to the repatriation of 29,000 Nigerians reportedly be among the concerns of the Government of the United Kingdom.

UNESCO Institute for Statistics estimates that there are some 52,000 Nigerian students abroad, including 17,300 in the UK top destination country. New York-based Institute of International Education reports that nearly 8,000 Nigerians in the United States.

Nigerian students abroad, the number may be significantly higher, such as in South Africa to Ghana and other African countries as the numbers appear to be under-reported.

Nigerian government, with its well-educated young people to develop a strategy, to encourage students to study abroad and to facilitate their easy money and the laws of foreign countries, in spite of the Central Bank of Nigeria.

Foreign universities organize annual exhibitions in Lagos, the capital Abuja, Port Harcourt and Ibadan recent oil boom. Human resources experts were sent to Nigerian students will be required to enroll in foreign universities.

Parents gain admission to the upper and middle classes in North America, Europe, Southeast Asia and the South African universities for the children, only a few were able to do.

Crisis and its causes

Nigeria during the recent oil boom, the country's Bonny Light crude oil sold in more than 100 US $ a barrel. In the United States, however, now in its shale oil and gas, which has resulted in a sharp decline in the production of their gas imports.

The US is also a major exporter of oil and gas in such countries as India and China has become so, Nigeria steal some of its most lucrative customers. This has been one of the plummeting prices of oil in Nigeria, approximately US $ 50 to bring.

During the last general elections, Nigeria's foreign reserves rampant raiding of their own political elite. Financial corruption and money laundering through foreign reserves in order to arrest the hemorrhage, the newly elected President Muhammad Bukharin clamped down on the use of foreign exchange.

Central Bank governor had promised to partially freeze all foreign currency accounts at home, thereby preventing businesses and individuals depositing foreign currency into their accounts. Commercial bank credit cards issued in denominations of naira were activated.

The impact of austerity measures

the resultant surplus oil can negatively impact on social services in Nigeria. Strict foreign exchange rules, has become almost impossible for parents or organizations to help students abroad.

Nigeria for the first time in recent history, several thousand citizens studying in different universities of the world 'stranded'. They sent a distress call to the Nigerian government for assistance.

To make things more complex, there is a host of many countries allow more foreign students to undertake part-time job to help finance their tuition and living expenses. This is due to their economic challenges facing many countries as the host, to achieve higher rates of unemployment among university graduates.

Reactions

Niger Delta amnesty students are benefiting from a program instituted by the federal government. This is in the area of ​​oil production in the interests of a quiet environment.

These students do not receive any compensation for many months, and Pastor Reuben Wilson Leadership Initiative for Peace and Cultural Development urged Bukharin to help them. This resulted in an order to the office of Amnesty funds from these students.

In addition, the Rivers State Governor Unisom Wake US $ 3.6 million to pay the state's debts organized by final-year students from abroad, and, therefore, the final test. However, the fate of the other students remains unresolved.

The president of the Association of doctoral candidates in Russia Federal Government disclosed that "Russia and other countries, namely, Morocco, Algeria, Cuba, Serbia, Turkey, China and Romania, the scholarship students were stranded in Nigeria".

Grant had not been paid their wages for the past six months, the excuse that "the budget is yet to be signed," as he said.

Abide Erewa-Dabi, the chair of the House of Representatives Committee on Diaspora affairs, announced that the UK government does not have the necessary papers to 29,000 Nigerians resident who plans to repatriate.

According to sources, may be stranded Nigerian students among those who want to be repatriated.