Funding: A Bane to Mainstreaming TVET for Skill Development, Mobility and Resilient Economy in Nigeria

Abstract

The paper critically examined the funding of Technical and Vocational Education and Training (TVET) as a skill for the development of mobility and resilient economy in Nigeria. The study used content analysis to evaluate relevant literature from secondary sources such as academic journals, textbooks, and articles. From the analysis, it was found that inadequate funding of the education sector poses a significant challenge to the development of TVET in Nigeria. To address this challenge, the study advocates for various constructive measures that can be implemented. These include increasing budgetary allocation to institutions offering technical and vocational training in line with UNESCO procedures, investing in modern facilities and equipment to enhance practical sessions, and seeking external assistance from international agencies such as the World Bank and the European Union.