Ola Williams-
Abuja, Nigeria — In a welcome development for Nigerian students studying abroad, commercial banks across the country have resumed processing international tuition payments through the Central Bank of Nigeria’s (CBN) Form A portal.
The move marks a significant relief for students and their families, who have faced months of uncertainty, rising black market exchange rates, and administrative hurdles in making tuition payments. With the reinstatement of the Form A process, payments can now be made directly from Naira accounts, restoring a measure of transparency and official oversight to the system.
Many stakeholders have described the development as a step in the right direction toward easing the financial burden on students and reducing pressure on the parallel foreign exchange market. However, they are urging banks to process applications with greater efficiency and calling on the CBN to maintain stability in its foreign exchange policies.
The resumption comes amid broader efforts by the apex bank to stabilize the Naira and reform foreign exchange access for critical sectors, including education and healthcare.
