The Federal Government has
slashed allowances of Nigerians currently studying abroad under its Bilateral Educational Agreement (BEA) Scholarship.
This was contained in a memo addressed to the President, Association of BEA students on Wednesday, July 23, 2024 and signed by the Director, Federal Scholarship Board, Mrs Hammanjoda Ndajiwo on behalf of the Minister of Education, Prof. Tahir Mamman.
TheFact Daily gathered that the BEA scholarship was established for the purpose of education exchange between Nigeria and the partnering countries such as Russia, Hungary, Morocco
The memo read in part:
“After due consultations, the Federal Scholarship Board has come up with adjustments in line with budgetary provisions in the payment of BEA scholar’s supplementation allowances for the 2024 academic year.
“The Scholars’ Association is hereby notified that due to the prevailing economic situation, the payment mandate for the BEA scholars’ allowances will be as per the new adjustment.
“The balances for the years 2023 and 2024 owed to scholars will be paid as soon as the funds are made available”.
According to the memo, the monthly allowances were slashed from $500 to $220; the graduation allowance from $2,500 to $2,000; and the PG research allowance was slashed from $1,000 to $500, among others.
The total amount initially payable to each student was $5,650, but it will now be $4,370 per scholar.
