Nigerians' dreams of moving abroad stymied by naira's fall and rising migration costs
-
Nigeria is facing severe economic and security challenges, fueling many young professionals' desire to migrate abroad. Surveys show a majority want to relocate.
-
However, with the naira's devaluation, migration costs like school fees, living expenses, and airfares have surged over 50-300%, becoming unaffordable.
-
Current international students are struggling to pay tuition, risking losing access. New students can't raise funds for proof of funds and initial deposits.
-
The UK and Canada have tightened immigration policies, increasing visa fees and financial requirements, further raising relocation costs for Nigerians.
-
Though demand persists, the weakened naira and rising migration costs are thwarting many Nigerians' dreams of escaping challenges at home by moving abroad.