FG MOVES TO CUT EDUCATION COSTS, PROMOTE SUSTAINABILITY WITH REUSABLE TEXTBOOK POLICY. (PHOTO).

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 FG MOVES TO CUT EDUCATION COSTS, PROMOTE SUSTAINABILITY WITH REUSABLE TEXTBOOK POLICY The Federal Government of Nigeria has unveiled a comprehensive policy framework aimed at reducing the cost of education for parents, improving learning outcomes, and promoting sustainability in schools through the adoption of reusable, high-quality textbooks and strengthened quality assurance mechanisms. The policy, jointly issued by the Honourable Minister of Education  Dr Maruf Tunji Alausa and the Honourable Minister of State for Education Prof Suiwaba Sai'd, forms part of ongoing reforms to reposition Nigeria’s education sector and ease the financial burden on families. The Ministers explained that the policy prioritises the use of standardised, durable textbooks designed to last between four and six years, while expressly prohibiting the bundling of disposable workbooks with textbooks in schools. This approach is intended to ensure that learning materials can be reused across multiple a...
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NAIRA FALLS TO N1200/$ IN PARALLEL MARKET, GAINS 11% IN NAFEM. (PHOTO).

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Naira falls to N1200/$ in parallel market, gains 11% in NAFEM

The naira depreciated yesterday to N1,1200 per dollar in the parallel market from N1,172 per dollar on Wednesday.

However, the naira yesterday appreciated to N843.07 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N843.07 per dollar from N951.22 per dollar on Wednesday, indicating 11 percent or N108.15 appreciation for the naira.

As a result, the gap between the official and parallel market exchange rates widened to N356.93 per dollar yesterday from N220.78 per dollar on Wednesday.

Mr. Yakubu Ahmed, a black market trader said high demand for dollars still persists despite traders’ anticipation of a positive change in the trend of the foreign exchange rate.

“There is still high demand for dollars but little access to it. I sold a dollar today for N1,200 and bought for N1,180.  

“Though we anticipate a positive change from the current trend of depreciation of the naira.

“But most traders are still worried that the naira might be in a falling trend for a long period due to decline in foreign exchange inflows which is also affecting the official market.”

 

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