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ERIC Number: EJ1084273
Record Type: Journal
Publication Date: 2013-Nov
Pages: 7
Abstractor: As Provided
ISSN: EISSN-2141-6656
Higher Education Financing in Nigeria: Issues and Trends
Adewuyi, Jacob Olusayo; Okemakinde, Timothy
International Journal of Educational Administration and Policy Studies, v5 n7 p121-127 Nov 2013
The potential of the higher education system to act as an agent of growth and development in Nigeria is being challenged by the long-standing problems of limited access, inadequate financing, poor governance, declining quality and relevance. Thus, this paper provides an overview of the trends and nature of public funding of higher education in Nigeria. The arguments in this paper support increased public investment in higher education for many reasons. First, most societies believe that education is a public service; hence, its provision is not and needs not be justified on economic ground alone. More so, schooling, especially at the tertiary level, has a large number of direct beneficial effects beyond raising economic output, such as lowering child mortality, hedging options and non-market returns among others. The paper however recognises the fact that government alone cannot provide all the resources needed to increase access into and promote quality of higher education, thus the need for alternative financial mechanisms to complement public funds in higher education.
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Nigeria
Grant or Contract Numbers: N/A