Funding University Education in Nigeria: The Challenges and Way Forward

Abstract

Most of the challenges facing Nigerian universities are traceable to inadequate funding. The sector often blames the government for inadequate funding of public universities while the government complains of scarce resources. The incessant closure of universities as a result of unresolved issues between labour/student unions and management, as well as the government is usually as a result of funding such as unpaid outstanding allowances and dilapidated facilities among others. This paper explored other alternatives to funding university education in Nigeria as the beneficiaries of university education were identified because every rational individual will contribute to a project because of the benefit they will get from it. The paper recommended that all beneficiaries of university education should be informed through approprite medium to contribute their quotas to the funding process. Managements of universities are also challenged to judiciously use available resources.

Keywords

• as well as the government is usually as a result of funding such as unpaid outstanding allowances and dilapidated facilities among others. This paper explored other alternatives to funding university education in Nigeria as the beneficiaries of university education were identified because every rational individual will contribute to a project because of the benefit they will get from it. The paper recommended that all beneficiaries of university education should be informed through approprite medium to contribute their quotas to the funding process. Managements of universities are also challenged to judiciously use available resources.
• funding
• university education
• universities
• beneficiaries