Funding of Education

The fact that education costs money can hardly be denied. Quality Education requires quality infrastructure, excellent and well remunerated teachers, adequate curriculum development and planning amongst others.  Most Nigerians demand the best quality education, even though they are also aware that quality education is most expensive. The pertinent question which most people never address is how much individual should pay for education and the extent to which government must subsidize if not totally funded. Questions such as “How much does it cost to educate a child?  ”Why  does government not spend more to fund education?”, “Why must students pay tuition when government generates so much revenue”

Source : Afe Babalola, being excerpt of his key note address delivered at the 29th conference of the Committee of Vice-Chancellors held at Afe Babalola University on Tuesday, the 3rd of June 2014