An Analysis of Challenges Facing Funding of Public Universities in Nigeria
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Academic Journal Incorporations
Abstract
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Funding of public universities in Nigeria has been described by educational stakeholders as inadequate due to many problems. This paper examined the sources of funds for public universities, factors militating against adequate funding of public universities and the implications of underfunding public universities in Nigeria. Both primary and secondary data were employed in the paper. The paper contends that public universities sourced their funding through government subvention, school fees, internally generated revenue, donations from private sector, NGO’s and international organizations. Factors militating against adequate funding of public universities were identified to include short fall in national revenue, corruption, competition from other Sector, poor implementation of National Policy on Education, insecurity problems and poor internally generated revenue. The paper identified shortage of infrastructural facilities, inadequate academic staff, poor quality of University education, shortage of universities, strike actions and poor capacity building programme as the implications of underfunding the public universities in Nigeria. In view of addressing the identified problems, the paper recommended that the government should implement the 26% recommendation for education and more priority should be given to university education.
Keywords
Funding, University Education, Challenges