The Challenges of Funding Higher Educational Institutions in Nigeria: The way forward
This paper provided insights into higher education in terms of the levels and functions of the educational experiences offered, it highlights the aims of higher education in Nigeria as outlined by the Federal Republic of Nigeria (2004) section 8 (59), the paper discussed the challenges of funding Nigerian higher educational institutions, and highlighted the conventional sources of funding institutions of higher learning. It also discussed the way forward for attracting alternative sources of revenue for higher institutions. It was suggested that government and institutions must focus attention on funding and funding sources of higher education for the provision of adequate staffing to ensure quantity and quality; adequate resource inflow to support the fundamental functions of teaching/learning, research among others. The paper concludes that Government alone cannot provide free education at all levels, institutions and individuals should contribute to finance education.
Key Words: Higher Education and Funding
