A number of Nigerian students have been ordered to leave the UK after Teesside University reported their inability to pay tuition fees to the Home Office. This comes as the Nigerian naira continues to depreciate sharply against major global currencies.
Teesside University, located in Middlesbrough, has confirmed that it took the difficult decision to report Nigerian students after numerous attempts to secure tuition payments proved unsuccessful.
University officials stated that while they understand the students’ plight, they are obligated to maintain financial stability and compliance with UK visa regulations, which require proof of financial capability for international students.
The root of the issue lies in the economic turmoil currently affecting Nigeria. The naira has experienced a persistent decline due to a combination of factors, including dwindling oil revenues, high inflation rates, and a shortage of foreign exchange reserves.
Over the past year, the naira has lost nearly 30% of its value against the US dollar, exacerbating the financial strain on Nigerian families and students relying on foreign currency to meet their expenses.
For many, the weakening of the naira has translated into skyrocketing costs for tuition and living. Parents and sponsors, who initially budgeted based on a stronger naira, now find themselves struggling to make ends meet. The steep devaluation has eroded the value of their savings and income, making it nearly impossible to cover the substantial costs associated with studying abroad.