**3. Funding higher education in Nigeria**

The fundamental basis of public financing for education is adequate knowledge and skills to improve the quality of life, and people acquire new technical knowledge to achieve reliable productivity and production capacity [15]. The development process must be capable. Nigerian public sector education funding is based on this concept. To perpetuate society, the new generation must be given the proper methods to acquire the knowledge accumulated by the previous generation. First, the University of Ibadan is the only university in the country and has provided sufficient funding in all aspects of education and research. The first-generation universities have established and maintained internationally recognized and respected standards, some of which have already received funding [16].
