How Nigeria Can Boost FX Inflow from Education Tourism—Schoolingyonda

Image

By Modupe Gbadeyanka

Nigeria can improve its shortage of foreign exchange (FX), pressuring the Naira at the currency market if the government pay attention to education tourism, an educational consultancy, Schoolingyonda, has submitted.

At the moment, many Nigerian students go outside the country to further their education because of different issues in the country, including insecurity and others.

But Schoolingyonda believes Nigeria, which prides itself as the giant of Africa, can attract education tourism by showcasing the country’s showbiz sector, which comprises music, dance and fashion, to the world.

The Principal Consultant of Schoolingyonda, Mrs Funmi Modupe, described education tourism as one of the different forms of tourism, noting that it is a way to provide the best education to students learning while enhancing knowledge.

The increase in this type of tourism is based on the growing popularity of attaining knowledge and technical competencies from the best destinations around the world.

“Our major focus with EduTourism is to simply showcase what we have, that which we as Nigerians are exceptionally talented and the world already recognizes,” she said as the company prepares to celebrate International Day of Education.

Mrs Modupe stated that “in today’s education system, we should be teaching our unique dance, fashion and music styles to attract other students around the globe.

“You will all agree with me that these are areas in entertainment that the whole world already identifies Nigerians’ speciality. We initiate a dance step, the entire world copy, and via modern technology, it goes viral across different social channels.”

In proposing some solutions, Schoolingyonda argues that there is a pressing need for Nigeria to argue the existing programs, especially in our tertiary institutions and centres of learning.

She strongly believes that the country has all the necessary skills and talents to harness the economic benefits of creative arts, advocating the introduction of innovative programs infused into traditional music, fashion and dance across selected public and private institutions.

Nigeria has some unique dance styles which can be researched, recorded, designed and crafted into programs to be learnt by students from diverse regions. This will further increase the interest of young Nigerians in the arts and creativity, she submitted.

She also proffers that there is a need to bring dance and music into academic learning for posterity, developing history and increasing diversity. Restructuring the arts with a good blend of our traditional and contemporary dance will definitely spark positive global attention.

Schoolingyonda is an educational consultancy service with the goal of offering students personalised study, thereby assisting parents and their wards to acquire opportunities abroad.

Share
Related Stories
Image
12-January-2024

Nigerian Tertiary Institutions Get N683.4bn Funding for 2024

By Adedapo Adesanya The federal government has approved a total of N683.4 billion as the 2024 disbursement for beneficiary tertiary institutions across the country. This was disclosed by the Executive Secretary of the Tertiary Education Trust Fund (TETFund), Mr Sonny Echono, while giving the breakdown of the disbursement at a strategic meeting with heads of beneficiary institutions on Friday in Abuja. He said that the allocation was the highest since inception and attributed the increase to the sustained efforts at expanding and increasing the efficiency of education tax collection from 2.5 per cent to 3.0 per cent in the year

Image
24-January-2024

The Impact of Smaller Classes on Education

By Zubair Suliman We’re often told that education is the best way out of poverty, but for many in Sub-Saharan Africa, the path out is often broken, especially for those who need an escape route the most. There are many reasons why education barriers in the sub-region persist. For one, enrollment levels remain a problem. World Bank economists found that more than one in five primary school-aged children in Sub-Saharan Africa weren’t in school last year. And, according to ISS African Futures, once kids are in school we also battle to keep them there. Despite progress made since the Education

Image
18-January-2024

January 2024 Commencement of Student Loan Scheme Intact—FG

By Adedapo Adesanya The Minister of State for Education, Mr Yusuf Sununu, has emphasised that the January date for the take-off of Nigeria’s student loan scheme is still intact, adding that a website had already been working for interested students with requisite criteria. While speaking at the 29th National Economic Summit in October 2023, President Bola Tinubu said the loan programme “must commence” in January 2024. Now, Mr Sununu, after the first 2024 meeting of the Federal Executive Council (FEC) held in Abuja on Wednesday, pointed out that the government had made funding provisions for it in the 2024 budget

Image
19-January-2024

Brittle Paper Honours Akada Children’s Book Festival

By Modupe Gbadeyanka One of the leading literary blogs in Africa, Brittle Paper, has honoured Nigeria’s premier children’s book festival, the Akada Children’s Book Festival (ACBF), with an award. ACBF was recently named the 2023 Brittle Paper Literary Platform of the Year, acknowledging its commitment to children’s literacy and wider impact on the Nigerian literary scene. The festival has played a pivotal role in supporting self-published authors, promoting diverse voices, and fostering a more inclusive literary culture in the country. In a statement made available to Business Post, it was disclosed that the award also recognised ACBF’s exceptional contributions to

More Stories
Image
06-January-2017

External Reserves Grow More to N26.2b

By Modupe Gbadeyanka Latest data from the Central Bank of Nigeria (CBN) on Thursday shows that the country’s external reserves grew further to $26.2 billion up from $25.8 billion on December 30, 2016. The foreign exchange reserves had risen to over four-month high of $25.7 billion on December 28, 2016 from $25.4 billion on December 23, 2016. Data from the apex bank equally showed that the foreign exchange reserves ended last year with $25.84 billion balance on December 30, 2016. The foreign exchange reserves have been rising in recent weeks following the gradual increase in oil price and production output.

Image
26-August-2019

Stop Rates to Rise as CBN Sells Fresh T-Bills Wednesday

By Dipo Olowookere The recent increase in the stop rates of treasury bills in Nigeria is expected to continue this week as the Central Bank of Nigeria (CBN) auction the debt instrument worth N208.60 billion to investors. The apex bank will on Wednesday offer for sale the T-bills at the primary auction market (PMA), with the usual three maturities available. The central bank is expected to re-issue maturing N24.37 billion worth of 91-day bill, N38.75 billion worth of 182-day bill and N145.48 billion worth of the 364-day bill during the exercise. Last week, Business Post reported that the average yields

Image
22-June-2021

NGX Delists Four Firms for Poor Corporate Governance

By Dipo Olowookere Four companies trading their shares on the Nigerian Exchange (NGX) Limited have been removed over poor corporate governance. The affected firms; Evans Medical Plc, Nigerian-German Chemical Plc, Roads Nigeria Plc and Unic Diversified Holdings Plc have not been able to abide by the listing rules, including filing their financial results to the exchange. The stock exchange requires companies trading their equities on its platform to regularly file their financial statements to enable shareholders and the investing public to have information that would enable them to make investment decisions. When organisations fail to submit their books for scrutiny,

Image
31-January-2020

DPR Automates Downstream Operations for Economic Growth

By Modupe Gbadeyanka The digitisation initiative for downstream operations under the Automated Downstream System (ADS) programme has been launched by the Department of Petroleum Resources (DPR). The ADS is in line with DPR’s alignment with government’s ease of doing business policy which is geared towards economic growth. According to a statement issued by the agency, the digitisation initiative was designed to improve overall efficiency and accelerate its downstream regulatory performance by reducing application processing time, enhance transparency, provide platform for accurate downstream statistics, integrate with other stakeholders for document verification purposes and improve revenue collection. The initiative comprises Retail Outlet

Image
14-December-2017

NSE Index Sheds 1.56% Despite 0.57% Rise in Market Capitalisation

By Dipo Olowookere The Nigerian Stock Exchange (NSE) All-Share Index (ASI) recorded another huge loss on Thursday, December 14, 2017, depreciating by 1.56 percent at the close of transactions after going down by 1 percent on Wednesday. However, the market capitalisation recorded a growth, appreciating by 0.57 percent with Year-to-Date (YtD) return standing at 41.15 percent at the close of business today. Business Post reports that the ASI went down by 600.94 points to settle at 37,933.70 points against the previous close of 38,534.64 points, while the market capitalisation increased by N77 billion to finish at N13.497 trillion from N13.420

Image
15-December-2016

Heritage Bank Customers in Panic Over Bank’s True State

By Dipo Olowookere If a poll is conducted on which bank customers in Nigeria are in confused and panic mode at the moment, the result might show those with Heritage Bank in the lead. News reports hitting the cyber space lately concerning the financial institution have not been very palatable to the ears. Even the deaf and the blind are getting worried too. In the past months, Heritage Bank has had to run to the roof tops to allay the fears of its numerous customers that it is not in distress as being reported in some quarters. Also, the Central

Image
14-May-2021

Onyeagwu Acquires Extra N14.5m Zenith Bank Shares

By Dipo Olowookere The Managing Director of Zenith Bank Plc, Mr Ebenezer Onyeagwu, has acquired additional shares of the company worth about N14.5 million. The financial institution made this disclosure in a notice filed to the Nigerian Exchange (NGX) Limited on Friday as required by the listing rules. The notice revealed that Mr Onyeagwu made the purchase in two tranches with the first involving 652,842 units at N22.10 each and the second, 10,002 units at N21.70 each, amounting to 662,844 units at an average price of N21.90 per share. On June 1, 2019, Mr Onyeagwu became the MD/CEO of Zenith

Ad
Ad
Recent Stories
Image
23-February-2024

How MultiChoice Empowers Nigerian Youth Through Creative Investment

As global populations age, Africa remains a bastion of youthful promise, with around 70% of the continent’s population below the age of 30. This youthful demographic can be an asset – but only if it is developed, by empowering young people through training, and by giving them a stake in the growth of their countries’ economies. Helping to develop young people’s abilities and expanding the pool of skills is also in the interests of industry and big business. Over the years, the Federal government of Nigeria embarked on youth empowerment initiatives to harness the skills and energy of Nigerian youths

Image
23-February-2024

Eva Adelaja Girls’ At 60: Old Students Donate to Orphanage, Thrill Students

By Adedapo Adesanya It has been an eventful celebration at the ongoing 6oth Anniversary of Eva Adelaja Girls’ Secondary Grammar School, Bariga, Lagos. The event was planned to celebrate the institution established by the late educator, Mrs Evangeline Adebayo Adelaja, in 1964. Particular resplendent in this celebration are the alumni of the school, the Eva Adelaja Girls’ Secondary Grammar School Old Girls’ Association, which have been on the ground to ensure that the planned activities go smoothly. The event, which kicked off with the Praise Day and Community Hymn Singing held at Chapel of Christ the Light in Alausa, Ikeja,

Image
23-February-2024

FAAC Disburses N1.2trn to FG, States, Councils for February Allocation

By Aduragbemi Omiyale About N1.2 trillion, precisely N1.149 trillion, has been disbursed to the federal, state and local councils as their allocation for February 2024. The money was part of the revenue generated by the nation in January 2024. A total of N2.068 trillion was generated last month by Nigeria, but N1.149 trillion was shared, comprising distributable statutory revenue of N463.079 billion, Value Added Tax (VAT) of N391.787 billion, Electronic Money Transfer Levy (EMTL) of N15.922 billion, and Exchange Difference revenue of N279.028 billion. A communiqué issued after the end of the Federation Account Allocation Committee (FAAC) meeting held yesterday

Image
23-February-2024

Unlisted Securities Rise 0.33% After Recording Two Price Gainers

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.33 per cent appreciation on Thursday, February 22. This increased the wealth of investors by N5.16 billion during the session, with the market capitalisation growing to N1.576 trillion from the previous day’s N1.571 trillion. Following the same trend was the NASD Unlisted Security Index (NSI), which went up by 3.8 points to wrap the session at 1,162.77 points compared with 1,158.97 points recorded at the previous session. There were two gainers against one loser at the session on Thursday led by bellwethers – Aradel Holdings Plc and FrieslandCampina Wamco

Image
23-February-2024

Naira Falls at NAFEX, Parallel Market as Govt Battles Speculators

By Adedapo Adesanya Despite the unconventional approaches to ease the free fall of the Naira, its value weakened against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, February 22 by 1.9 per cent or N28.73 to close at N1,571.31/$1 compared with the N1,542.58/$1 it was transacted in the midweek session. The domestic currency suffered the loss despite the supply of foreign exchange (FX) improving by 11.7 per cent or $20.11 million to $192.25 million from Wednesday’s $172.14 million. However, the local currency appreciated against the Pound Sterling in the official market yesterday by N142.83

Image
23-February-2024

Oil Prices Up as Houthis Intensify Attacks in Trading Sea Routes

By Adedapo Adesanya  Oil prices went up on Thursday as Iran-aligned Houthis stepped up attacks in the Red Sea near Yemen while the market faced a large build in crude inventories in the world’s largest producer, the United States. During the session, Brent crude futures increased by 66 cents to $83.69 per barrel and the US West Texas Intermediate (WTI) crude futures surged by 76 cents to $78.67 a barrel. Worries came as the Houthis said they would escalate their attacks on ships in the Red Sea and other waters, adding they have introduced “submarine weapons” to reach their goals.

Image
23-February-2024

Customs Street Cracks by 0.12% as Traders Sell Off Wema Bank, Others

By Dipo Olowookere The bulls lost control of the Nigerian Exchange (NGX) Limited to the bears on Thursday amid sustained weak investor sentiment. Customs Street ended in the red zone by 0.12 per cent after it recorded 20 price advancers and 28 price laggards, implying a negative market breadth index. DAAR Communications was on top of the losers’ table yesterday after it let go of 10.00 per cent of its previous day’s closing price to trade at 72 Kobo. Wema Bank shed 9.93 per cent to sell at N7.80, PZ Cussons went down by 9.89 per cent to N24.60, Academy

Image
22-February-2024

FG to Resume Direct Cash Transfers to Poor Nigerians as Hunger Spreads

By Adedapo Adesanya Amid current realities, the federal government intends to restart direct cash transfers to the poorest and most vulnerable Nigerians, after a scandal led to the suspension of the programme last month. The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, revealed this during the Ministry’s retreat held in Uyo, Akwa-Ibom State. He said approximately three million people are recipients of the scheme but due to the escalating cost of living, the government anticipates that an additional 12 million households could qualify for these direct payments. The Finance Minister said, “The presidential panel on

Image
22-February-2024

Lagos Plans Daily Free Meal for Residents, Markets for Cheap Food Items

By Modupe Gbadeyanka About 1,500 residents of Lagos State will have access to one free meal per day to cushion the effect of the economic hardship in the country, Governor Babajide Sanwo-Olu has declared. Mr Sanwo-Olu, while answering questions from journalists during a media chat on Thursday, said his administration would establish at least 42 Sunday Markets across the metropolis for cheap food items, though the commencement of this initiative is yet to be revealed. There has been a pocket of demonstrations across the country over the rising hunger in Nigeria as a result of high inflation and the devaluation

Image
22-February-2024

WINBAFRICA Plans Big for 10th Anniversary

By Modupe Gbadeyanka All is now set for the 10th anniversary of WINBAFRICA themed Bridging the Gap: Celebrating a Decade of Nation-building. The organisation is gathering stakeholders together on Monday, February 26, 2024, for the event at the Alliance Francaise in Ikoyi, Lagos. The group was formed in 2014 and has since then promoted girl-child education and empowered women and young girls in critical thinking and leadership skills in secondary schools across Africa. As part of activities lined up for this year’s celebration, WINBAFRICA organised an annual school debate competition and scholarship programme for 20 young girls across the continent.