One of the major problems facing tertiary education in Nigeria in recent times is the problem of finance. This is not surprising considering the fact that in recent times, government revenues have reduced sharply, while the national economy itself is in total chaos. The research study examined the impact of educational financing on development of the University of Jos in Jos North Local Government Area of plateau state. Two research questions and one hypothesis were raised; 835 respondents were randomly sampled for the study. Primary sources of data were used for the study using five-point rating scale type of structure questionnaire for collecting data, descriptive survey research design was used and the structures questionnaire were used to answer the questions, the questionnaire was tagged Educational Financing Questionnaire on development in university, (EFQDU). The questionnaire contained 14 items and its development followed stages such as blueprint design, item writing, pilot testing, and refinement. Face and content validity were established by three experts, while a pilot study with 100 respondents from private institutions confirmed the instrument’s reliability using Cronbach Alpha, with 0.60 and above considered acceptable. Mean score was used to analyse the data because the research questions were quantitative in nature, chi-square was used for testing the hypothesis at 0.05 level of significance. Finding revealed that adequate financing of education will lead to development and effective teaching, in a conducive classroom. The research recommended that government should allocate more funds to the educational sector as a prerequisite for proper development and Incentive that will improve teacher performance and availability of educational infrastructure is also to be examined so as to enable the country increase it human capital formation that could lead to possible growth and development. These will help reduce the current brain drain in the educational sector.