University of Dundee's Financial Crisis Linked to Naira Devaluation
University of Dundee's Financial Crisis Linked to Naira Devaluation
The University of Dundee faces a £30 million budget deficit, partly due to the Nigerian naira's devaluation in June 2023.
This led to a significant drop in Nigerian student enrollment, a major revenue source for the university.
Combined with new UK visa rules and internal financial mismanagement, the crisis has resulted in over 600 job redundancies and threatens the university's reputation.
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