THE STUDY OF ECONOMICS OF EDUCATION: IMPERATIVE FOR MANAGING UNIVERSITY EDUCATION FOR SUSTAINABLE DEVELOPMENT IN NIGERIA

Abstract

In Nigeria, University education plays an important role in sustainable development of the nation. However, university managers are constantly confront with economics related problems such as allocating, limited resources to various educational units, making education investment decisions, and financing educational programs to effectively provide skilled manpower for sustainable national development. The need to provide solutions to these problems necessitated the study of the Economics of education. Therefore, this paper examines the Economics of Education as imperative for managing university education for sustainable development in Nigeria. The development and meaning of economics of education as well as the meaning and management of university education were all discussed in this paper. The paper also highlighted the importance of Economics of Education in managing university education for sustainable development, followed by the conclusion and recommendations.