Funding as a tool for Revitalizing University Education for Social Political and Economic Engineering in Nigeria

Abstract

University education in Nigeria and indeed any other part of the world plays a crucial role in the supply of highly skilled manpower to manned different sectors of the nation’s economy. The gross under-funding of the education sector in the country has been rendering the university system incapacitated. This paper examines issues such as, description of the Nigerian higher education system, financing higher education in Nigeria, problems of funding and utilization in Tertiary institutions in Nigeria, importance of adequate funding of universities in Nigeria and finally Tertiary Education Trust Fund (TETFund). This paper concludes that management of higher education in general and university education in particular has been bedeviled by inadequate funding. The Paper recommends that universities should be adequately funded and finally good management and accountability in the universities should be ensured.