Funding Education for Sustainable Development in Nigeria: Challenges and the Way Forward

Abstract

Funding education for sustainable development is viewed in terms of what sustainable options for funding education are to be adopted for sustainable educational development in Nigeria. In analyzing this paper, the researcher established a problem and attributed the cause of unsustainable funding for education to a change in the price of oil, as a base of revenue generation in the country from 1970-2011. Optional for funding was viewed in terms of education as private good and public good, regular contributions from communities, state, large company and regular financial support from international organizations. Challenges and way forwards were based on the analysis that government should recognize basic education (that is primary and secondary education) as public good, accepts the responsibility of providing education free for all citizen and for tertiary education as private good, the private sector is encouraged to invest in and operate the provision of education base on market demand and supply framework.

Keywords: Funding, Education, Sustainable, Development, Challenges