This research investigates manpower development and availability of financial resources in Nigerian monotechnic education. Monotechnics are single-subject institutions of higher learning that offer specialized programmes. A quantitative research design located within the positivist paradigm was adopted. A sample of 200 students and 80 members of staff was randomly selected from two public and two private monotechnics. A structured questionnaire was used and Chi-square and Pearson product moment correlation statistics were used to analyse the resulting data. The findings indicate that manpower development, in terms of the skills and competency of prospective graduates, is affected by the funding made available to these institutions. It was further found that the financial resources provided or otherwise available in monotechnics (whether privately or publicly owned) are inadequate. Recommendations are made based on the findings.