Financing Tertiary Education For Sustainable Development In Nigeria

This paper stresses the importance of financing higher education  for sustainable development of Nigeria. The paper was discussed in four sub-headings. The issue of funding tertiary education in Nigeria. A comparison of funding higher education in developed and developing countries was highlighted. The spill-over effects of underfunding tertiary institutions were discussed. This includes deteriorating physical facilities in the public universities, production of low quality graduates who are not useful to the demands of the societies, the poor ranking of Nigerian Universities both in Africa and the world at large. Funding strategies and their implications for economic development was also highlighted. The paper concludes by advocating for adequate financing of University education for sustainable development. This includes private sector participation in funding tertiary education, endowment fund, fund from philanthropists, University engages in commercial activities, marketing of University services and large scale farming. It is recommended that if all these strategies are adopted, universities will able to contribute meaningfully to Nigeria development.