Navigating The Sources and Challenges of Educational Funding In Nigerian Schools: Solutions And Way Forward

Abstract

Education remains the bedrock of the development of any nation, also, as the driving force behind the socio- economic advancement of a developing nation. Without an adequately funded functional education, no country can develop beyond the level of its education. In Nigeria, the policies of successive government funding have added the value of educational advancement. This paper therefore x-rays the challenges confronting the Nigerian educational funding. By stating the primary objectives of the Nigerian educational system which is to train her citizens to be productive, rational and critical thinkers in solving the emerging social problems and most importantly, to read and write as instructed in the national policy of education. But the challenges ranging from increasing demands for funding in line with the national policy of education of the country, inaccessible quality education, corruption, mismanagement, socio-economic inequality and regional disparities have been hindering the objectives of the educational system. The paper therefore, dives into suggesting the way forward to achieving qualitative, and sustainable educational funding by 

diversification of sources of funding, winning of grants, public-private partnership, curriculum reunion and redesign among others. The paper concludes that the future of educational funding requires adaptive strategies that will enhance engaging trends.