Funding Tertiary Science Education in a Depressed Economy: Challenges and Prospect in Nigeria

Abstract

This study highlighted the challenges and prospects of funding tertiary science education in a depressed economy in Nigeria. The study noted that science education in Nigeria and its funding problem in particular is attributed to poor handling of laboratory practical material, corrupt leadership, and limited funding allocation, inconsistency of administrators, lack of accountability transparency and instability of policy strategy, inadequate qualified personnel and lack of awareness about the importance of science. The study recommended among others that, government should provide a ways to monitor school administrators on the disbursement of fund for effective delivery, school management should prepare budget and devise a means that will help them in managing the funds made available by the government and percentage of revenue generated by Federal Inland Revenue allocated to TETFund should be increased to address major challenges encountered by Nigerian universities.