Financing Higher Education in nigeria
Keywords:
Financing, higher education, underfunding, inadequacyAbstract
One of the major problems now facing higher education in Nigeria is the problem of under-funding. This is not surprising considering the fact that in the recent times, government revenues have reduced sharply, while the national economy itself is in total chaos. The government, which statutorily bears the costs of higher education in the country, now faces tight budget constraints due to the collapse of the oil market, and the need to meet heavy and raising debt service obligations. This paper attempts to examine the past and present trend of funding higher education in Nigeria, the effects of inadequate funding and possible sources of funding. To sustain higher education in the country, it was suggested among others that all stakeholders - parents and guardians, the society in general, the private sector and non-governmental agencies must become involved in the financing education in the country.
References
Abdu, P. S. (2003). The Cost of Finance of Education in Nigeria Education Today Quarterly, 10(1), 12-16
Adewala T. M, Ajayi, K.O. and Enikanoselu, O. A. (2006). Trends in the Federal Government Financing Education in Nigeria. Journal of Revitalization of Higher Education, 3(5), 45-58
Akintoye, I. R. (2008). Optimizing Output from Tertiary Educational Institutions via Adequate Funding: a lesson from Nigeria International Research Journal of Finance and Economics. 14, 192
Akinsanya. O. O. (2007). Financing Higher Education in Nigeria. International Journal of African American Studies 6(1), 87-101
Babatola J. B. S.K., Wibele A. I. and Suleiman, A. A. (2000). Education as aided by the World Bank: A critical analysis of post - independence projects in Nigeria. Journal of Third World Studies 17(1), 155-163
Britain-Nigeria Educational Trust (2009) Nigeria Digest britain.nigeria@btinternet.com 13/08/10
Ekundayo, T. A. (2008). Expanding Access to Higher education in Nigeria. The Question of Quality Control. Journal of Reforming Higher Education in Africa, 22, 36.
Hartnett, T. (2000). Financing and trends and expenditure patterns in Nigeria Federal Universities: An update background study conducted to inform the design of the Nigerian university system innovation Project.
Hinchliffe, K. (2002). Public Expenditure on Education in Nigeria. Issues estimates and some implication. Washington D. C.: World Bank
International Association of Universities (2000). Nigeria - Education System. Data for academic year 2000 - 2001
Imhabekhai, C. I. and Tonew, D. A. (2001). Funding Higher education in Nigeria. Ibadan: Powerhouse Publishers
JAMB (2001). National University Commission Annual Report. Kaduna: The Regent Printing and Publishing Limited
National University Commission (2001/2002) Annual Report. Abuja, NUC.
Nwosu, E. (2009). ETF and funding of Tertiary Education in Nigeria cdn-wosu2@yahoo.com 05/07/10
Odebiyo, A.I. and Aina, O. (1999). Alternative modes of financing higher education in Nigeria and implications of university governance. Accra: Association of African Universities (AAU).
Ogunlade, A.L. (1989). Locating supplemental sources of revenue to finance universities in Nigeria. Journal of Education Finance 14(4), 522-533.
Olupona, A. M. (2001). Students characteristics and willingness to pay fees at University of Ibadan. Topical Issues in Education. Ibadan: University of Ibadan.
Okebukola, P. (2003). Issues in Funding University Education in Nigeria. NUC Monograph Series. Abuja: National Universities Commission
Udoh, G. (2008), Alternative Sources of Funding University Education in Nigeria. An International Multi-Disciplinary Journal, 2 (3), 98-110
