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2024
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Planning and financing Higher Education for Effective Development in Nigeria
Higher Education is viewed in Nigeria, as in many other developing nations, as a critical contributor to national development. This is because of the belief that economic and social developments are driven more by the advancement and the application of knowledge. This belief has therefore made the Federal Government in Nigeria to keep playing a prominent role in the development of education in terms of funding and even governance. A National policy on education was therefore designed to chart the course of educational development in the country and has been a major reference point to both the public and private education providers. Higher Education funding has been described as the process of procuring and disbursing financial resources to tertiary institutions, for the provision of education of a given standard. Authors: Abd Rahman Ahmad, Kofar-Sauri Bello Garba, Ng Kim Soon and Abubakar Sadiq Bappah
Bulgarian Journal of Science and Education Policy, 2019
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.
This paper focuses on one of the most prominent problems facing education in Nigeria - poor financing - with a view to proffering some possible solution. Education is the bedrock of every nation and if Nigeria would achieve its goals as a nation as well as favourably compete with other nations of the world, the education system needs to be adequately funded and very well managed. With a concentration of public higher education in Nigeria, this paper examines the need to go beyond making Nigerians literate and numerically sound but to make them future-ready and globally competitive through quality higher education which can only be achieved through proper funding from government and support from the other educational stakeholder from within and outside the country. For meaningful development to take place in the educational sector, generally, the government needs to address the issue of funding for higher institutions so that educational resources can be adequately available and for quality higher education to be made affordable for all citizens. Individual philanthropists and corporate organizations must also play their parts in supporting higher education funding in the country. Government and the organized private sector must as well fund research programs, inventions and mass production of invented products for both national development and global relevance.
Higher education is the instrument par excellence for development and there is the ultimate need to make it relevant and responsive to the needs of the society. A reliable and sufficient funding platform is a necessity for achieving access to and excellence in university education in Africa. Sources and systems of funding for Nigerian Universities have proven inadequate and innovative or alternative funding mechanisms have become very important more than ever before. This paper examines the funding debacle in Public and Private Universities in Nigeria. It presents the case study of Nigeria Higher Education Foundation (NHEF). Using the secondary data research methodology, it finds that private higher education is the fastest growing segment of higher education worldwide and African universities can as well be more active in getting funds from local institutions and global philanthropic support sources. It recommends, amongst others, the putting in place of a National University educational budget reform which gives unflinching priority to allocation of more funds and that actualizing the realization of suggested intensified creative financing strategies should be the responsibility of all major stakeholders of University education in Nigeria.
University of Calabar Press, 2022
Economic Approaches to Funding Higher Education in Nigeria
Sustainable Transformation in African Higher Education, 2017
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.
This paper focuses on one of the most prominent problems facing education in Nigeria -poor financing -with a view to proffering some possible solution. Education is the bedrock of every nation and if Nigeria would achieve its goals as a nation as well as favourably compete with other nations of the world, the education system needs to be adequately funded and very well managed. With concentration of public higher education in Nigeria, this paper examines the need to go beyond making Nigerians literate and numerically sound but to make them future-ready and globally competitive through quality higher education which can only be achieved through proper funding from government and support from the other educational stakeholder from within and outside the country. For meaningful development to take place in the educational sector, generally, the government needs to address the issue of funding for higher institutions so that educational resources can be adequately available and for quality higher education to be made affordable for all citizens. Individual philanthropists and corporate organizations must also play their parts in supporting higher education funding in the country. Government and the organized private sector must as well fund research programmes, inventions and mass production of invented products for both national development and global relevance.
World Journal of Educational Research
Tertiary education is a major instrument for promoting the socio-economic, political and culture development of any nation. This is so, because a nation’s growth and development are determined by its human resources. Tertiary education provides the much-needed manpower to accelerate the growth and development of the economy. In view of the foregoing, this study examined financing tertiary education in Nigeria: a strategic tool for national development. To achieve this the paper presents a holistic trend of budgetary activities in Nigeria with a particular focus in the allocation to the education sector using times series approach from 2009-2018 and 2019-2023 as well as a comparative analysis on funding of education between Nigeria and the other African countries were examined. The challenges of funding, possible options of financing and implications of financing tertiary institutions were also examined. The study recommends that amongst others that higher institutions funding in Nig...
The demand for tertiary education has been on the increase in Nigeria primarily because of the recognition of the fact that economic and social development are increasingly instigated by the advancement and application of knowledge which can be provided only by higher education. The government of Nigeria recently initiated higher education policy reforms intended to bring its higher education system more in line with international good practices. The reforms promote increased institutional autonomy, greater system differentiation, strengthened governance, and mechanisms for quality assurance. They seek to create a more flexible and responsive system of university teaching and research that over time will contribute increasingly to national innovation capacities, productivity gains, and economic growth. The central theme of this paper is limited to the development of higher education in Nigeria but the origin of education in Nigeria was also discussed. One of the most enduring legacies parents and the country can pass on to their youth is education. Indeed, education is the fabric of any culture, with it, culture is transmitted, thoughts are conceptualized and information transmitted.
The study examines the strategies for higher education in Nigeria. It adopts a survey design as part of its methodology. A sample size of 375 respondents was drawn randomly from a population of 7580. Data were collected using a questionnaire instrument tagged: Assessment of Strategies for higher Education Questionnaire (ASHEQ).Data collected was statistically treated using I-test and Analysis of Variance (ANOVA,). The findings of the study revealed among others that exploitation, inadequate staff training; poor parenting/guidance; poverty; overcrowded classrooms (32.50%), inadequate funding (25.02%) and dilapidated buildings accounted for the fall in standard of education in Nigeria. The paper recommends the adequate training and re-training of all education managers and provision of sufficient fund for the sector; recruitment of teachers, construction and renovation of classroom facilities and periodic program evaluation to ascertain areas of needs.
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