Accounting and Finance Education in Nigeria: Challenges and Changes for Efficiency

Abstract

In this study, an attempt was made to reflect into the historical development of Accounting and Finance education in Nigeria. It examined the various challenges bedeviling the system and the need to refocus because it provides an opportunity to appraise existing conditions with a view to correcting the ills and improving the current situation. The study revealed that development of accounting education in Nigeria has been affected by lack of teachers and research facilities and funding among others. The study recommended among others that government should stop paying lip service to education and the system should be redesigned to make it more responsive to the needs of the Nigerian society.