The financing of the university will always be a vexatious problem not only because of the need for it to maintain a level of independence that allows for the thriving of intellectual pursuit but also for the size of the funding that is required to maintain an acceptable level of infrastructure in a modern university. The experience of the Nigerian university in recent years has, in this regard, been almost alarming. The funding levels requited constitute sufficient reasons for diversifying the sources. Even if the government was in a position on its own to meet all of the university's financial requirements, I consider it desirable that every effort be made to reduce such contribution in the interest of university autonomy. I also hold the view that the university should seek to become dependent, in a substantial way, on funds generated from within. In other words, the sources of funding the university should be diversified as much as possible. Based on this principle, ·we can identify four sources - government, industry, students, and individual philanthropists. I must add quickly that each source has its own set of problems in its continuous interaction with the university, which ought to be addressed here.

Of all the four major sources of financing university education mentioned above, contribution through fees from the students involves intricate issues of special concern If government gives as an expression of its obligation to promote the general welfare of society if industry gives in order to enhance its chances of procurement of needed human information and material resources, as well as enhance its social responsibility if the general public gives as an indication of voluntary support for a worthy social cause, students (and by inference, their parents) should give in order to purchase an economic good for meeting their own felt need in the expectation that they will be satisfied with the product purchased.

[Adapted from Onosode, GO: 'The politics of Managing People, Prospects and Poverty: The Role of the University, 1990 OAU Convocation}