Nigerian spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data. These statistics and their impacts were cited in a financial report released last week titled, “A Simple and Factual Explanation of Nigeria’s Exchange Rate Dynamics” According to CBN’s Balance of Payments, Nigerian parents and guardians paid about $28.65bn for their wards to study abroad during the period under review. The BoP report also revealed that Nigerians paid $11.01bn for healthcare-related services in foreign countries. The amount…
Read MoreNigerians Spent $39.66bn on Foreign Education, Medical Tourism in 10 Years– CBN report
