TETFund considers suspending foreign scholarships over forex crisis

The foreign exchange crisis currently rocking the country and making life difficult for Nigerians has led the Tertiary Education Trust Fund (TETFund) into considering the suspension of its foreign scholarships programme.

According to TETFund, the recent monetary policy of the Central Bank of Nigeria (CBN) has created difficulties in the payment of foreign scholarship tuition and stipends.

Sunny Echono, the Executive Secretary of TETFund, disclosed this at a one-day Stakeholders’ Engagement on Emerging Issues with the TETFund Intervention in Abuja on Wednesday.