Higher education financing in Nigeria and the impact of the post-covid-19 pandemic

The purpose of the study is to examine education financing in higher institutions in Nigeria and the impact of the post COVID-19 era. This paper provides an overview of Education financing in our higher institutions after three years of post COVID-19 pandemic. It further identifies the ways in which the COVID-19 pandemic is likely to affect the availability of funding for education. It summarizes evidence on the negative impact the pandemic had on education financing .Two research questions were raised and analyzed for the purpose of the study. The descriptive research design was used for the study; data utilized was based on secondary sources. The results indicated that, from2010 to2022,the Federal Government of Nigeria has been allocating only8% of the nation’s budget each year (average)to education. The study concluded that the total allocation made to Education sector from 2010-2022 is generally low and below the UNESCO bench mark despite theCOVID-19 pandemic challenges, majority of colleges and universities that survived COVID-19, most will likely see declines in revenue and increases in costs just because of the inflation in the country. The paper however Identified and recommended some policy measures to mitigate this impact.