Effective Pragmatic Strategies To Funding Public Universities Education In Nigeria And Its’ Benefits To The Society

Abstract

The study examines the effective pragmatic strategies to funding public universities education in Nigeria and its’ benefits to the society. The paper discussed the overview of funding of University Education in Nigeria and the budgetary allocated to Nigerian’ educational sector from 2013 to 2022. The paper discussed the Strategies of funding Universities Education in Nigeria which are included; endowment funds, launching/appeal funds, awarding of honorary degrees, undertake researches, contracts and constantly services, undertaking part-time, remedial and long-vacation programs, alumni association, private contributors, contribution by parents/teachers’ association, reviving of governmental organization responsible of funding universities education among others. And also, the paper highlighted the impact of universities to the community. The paper concluded that; there are some avenues and strategies that universities can be used to add as sources of their funding in running of their day to day activities without totally depending of government allocation, there would be no any public or private universities that can be survive without fully funded to run their affairs smoothly in Nigeria and lastly Universities education in Nigeria were neglected by Federal Republic of Nigeria considering the priority and little amount of budgetary allocated to educational sector in Nigeria. The paper made some recommendations which are included; public universities should be granted autonomy, government should prioritize education than any other sector in Nigeria, awakening of educational philanthropists to the supporting of universities in Nigeria, and intervening of legislative members in public universities education in Nigeria among others.