Financing Higher Education: A Case of Some Selected African Countries

Abstract

Education has proved to be an essential tool for the overall economic development of both developed and developing countries. As one of the most important social services, governments of countries are still financing education following different methods at the various levels of the education ladder: elementary, secondary and tertiary. The investigation of the different methods followed by different countries shows that the separately employed methods of financing higher education practiced in selected African countries were not found to be responsive to the demand for quality and relevant education.