Publication Details
Abstract
This paper assessed the impact of economic hardship on tertiary education financing in Nigeria. Secondary data were used to support every points raised in the paper. The secondary data were collected from relevant books, seminar papers, workshop papers, articles, etc. were reviewed and analyzed in respect of economic hardship and tertiary education financing in Nigeria. Data for the study were obtained through historical data of past building collapse in Nigeria. Content analysis was employed to narrow the literature to the areas of theme. The paper concluded that economic hardship has impacted negatively on tertiary education financing in Nigeria. The paper specifically revealed that economic hardship has affected both public and private financing of tertiary education in Nigeria. Based on this results, the paper recommends that government should diversify the economic by introducing tax holidays to encourage both local and international investment. Embark on industrialization policies by liberating the economy. Government should prioritize the tertiary education by allocating more funds to the sector to ameliorate the effects of the hardship. Tertiary education administrators should think outside the box and come up with ideas to improve internally generated revenue of each institutions. Private institutions and international organizations should support financing of tertiary institutions in Nigeria.