The document discusses the challenges of funding and managing private universities in Nigeria following the deregulation of higher education. It provides historical background on university education in Nigeria. Deregulation allowed private institutions and led to increased access but also management, quality, and funding challenges for new private universities. These include poor infrastructure, low faculty standards, high costs, and reliance on student fees. Private universities employ strategies like partnerships and business ventures to address issues around sustainability, staffing, and long-term planning.