Inadequate funding in Nigerian universities as a menace to educational growth

Abstract

The funding of higher education in Nigeria has a long history tgat began with the establishment of academic institutions. Since then and up to the present, there has been insufficient funding for higher education, which frequently causes disagreements among stakeholders and has an impact on the growth of the standard of higher education in Nigeria. The incessant strike in Nigeria universities has also been caused by inadequate funding of these institutions. There have been several sources of funding for these universities including; Money received from outside sources in the form of Grants or Direct donations or government funds and funding obtained through additional sources of revenue, such as contract research, consulting services, working with private institutions and partnership among others. Many universities that have struggled with underdevelopment have had access to significant resources in the past, which their leaders have abused, misappropriate or stolen. Thus stricter measures must be implemented to deter corruption at our universities. The government and individuals should work together to provide the universities with substantial financial backing because of the essential role it play in the development of the Nation. Aggressive private sector engagement that would offer additional resources for universities has been suggested and the administration of the universities should actively investigate all possible avenues for collecting Grants or Money for its operations that have up to now gone underdeveloped.