The British Council in Nigeria has once more elevated the value of the Worldwide English Language Testing System (IELTS) exams to ₦285,000 per sitting, marking a 173 % enhance in simply 1 month.
The increment is anticipated to take impact March 1, 2024 and can be “topic to evaluation primarily based on the prevailing market dynamics,” the Council says.
In February, the Nigerian British Council hiked the IELTS charges by 29% to ₦139,000, a transfer that spawned revolts from displeased aspiring travellers in Nigeria.
The Council has now raised the examination charges once more a month after by over 100%, citing Nigeria’s financial scenario as the rationale.
“The change in charges is because of the evolving market dynamics and elevated prices within the supply of our exams. It will allow us to proceed to supply a variety of providers and complete assist to allow you obtain your objectives,” the Nigerian British Council wrote on its web site.
As per the brand new pricing, IELTS charges for UK Visas and Immigration (UKVI) is now priced at ₦285,500, whereas IELTS examination for all times expertise (A1 and B1) will now price ₦249,000.
Laptop-based educational and basic coaching modules now price ₦266,000, whereas the paper-based educational and basic coaching modules are actually ₦256,500.
IELTS is one the neccesities for Nigerians aspiring to check overseas, and a serious requiremnt from prime universities. Many faculties worldwide require IELTS scores as a part of their admission course of, and with no passable IELTS outcome, it may be difficult to safe a spot in overseas instructional establishments.
International locations just like the UK, Australia, Canada, and New Zealand acknowledge IELTS for Nigerian immigrants.
Moreover, skilled our bodies in fields like accounting, engineering, legislation, medication, and educating settle for IELTS scores for registration.
In February, when the naira hit its lowest, the Central Financial institution of Nigeria engaged clear pricing of the greenback on the Nigerian Autonomous Overseas Change Market (NAFEM) and better rates of interest on treasury payments to draw greenback inflows and assist stabilise the naira.
The transfer wasn’t sustainable, because the forex resumed its free-fall final week, closing at a brand new low of ₦1,665.50 per US greenback on the official market.
The Council’s assertion concerning the charges being “topic to evaluation primarily based on the prevailing market dynamics” signifies that there may very well be one other increment if the naira doesn’t get well, and shortly.
Restoration has begun, nonetheless, because the naira on Thursday appreciated in opposition to the greenback for the second straight day because the enhance within the Financial Coverage Price (MPR) by the Central Financial institution of Nigeria, gaining 0.90 % on the day because the greenback was quoted at ₦1,595.11
