In this period of economic crisis in the country, many Nigerians are finding it difficult to live and eat 3 square meals daily. Businesses have folded up and everal children have been withdrawn from schools as parents cannot seem to cope with the fees being charged.
This situation does not affet all Nigerians though as you will not believe how much some parents pay as their wards’ fees in some schools in this country. The amount is so much that the schools charge in foeign currency that seems so scarce.
In theAmerican International School, for example, before your child gets a chance of being admitted, you mus have shelled out $645 which as at yeterday’s rate of N454/$1 in the parallel market would translate to N292,830. That is whether your child is admitted or not.
The minimum annual fee that a parent whose child is fortunate to be admitted is $33, 164, which is N15,056,456 for a pre-kindergarten student while a Grde 12 or SS3 student could pay as much as $61,632 or N27,980,928.
It then is no wonder when some Nigeians cry out that preciou forex that should be channeled into production activities are being used topay school fees. This is an example.