Funding education in Nigeria has been a crucial issue of concern to all stakeholders in education industry. This points at the catastrophe of education funding which has become both erratic and inadequate. The effects of underfunding and lip-service paid to education seem to undermine the success of academic programmes and national development. A cursory look at the Nigerian educational system will show the sorry state of the schools (primary, secondary and tertiary). It is no gainsaying that qualitative education requires adequate provision of good structures and learning material both of which are poorly provided and in most cases they are not provided at all. Against this backdrop, this paper advocates for innovation in funding of education in Nigeria.
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