In Nigeria sovereign nation, the greatest obstacle to democracy is the neglect of education for her citizens as evidenced by the spate of armed robbery attacks, political assassinations, religious conflicts and lack of education funding coupled with the seeming helplessness of security agencies to handle criminal acts. The focus of this paper is to comparatively analyse the payment of Earned Academic Allowance in Nigeria tertiary institutions, University of Benin as a focal point. Universities all over the world and particularly in Nigeria often provide the philosophical drive, and in some cases, the front-line troops for social change, including revolutions and, occasionally centre of excellence. Therefore, the development of political and administrative institutions in Western Europe has shown that other countries that have modernized or developed politically and those new and old nation states that strive towards modernization or development have developed political system. In the course of this study, the comparative analysis of payment of Earned Academic Allowance/Funding of Education in Nigeria were brought to the fore while the objectives of the study were well spelt out. Hypotheses were postulated and the Group Theory was used to explicate the works. Data were obtained from both primary and secondary sources. From the primary sources, the survey method, that is, the use of questionnaire was designed and adopted. Data obtained from this method were analysed with the aid of Simple Percentage. Thereafter, the five researchable hypotheses were tested and accepted while the null hypotheses were rejected. The implication is that there was relationship between the dependent and independent variables. Generally, the paper brought to focus that effective payment of Earned Academic Allowance/funding of education in Nigeria is a task that must be done with collective efforts of all stakeholders for the growth and development of universities in Nigeria. In a nutshell, this paper suggested policy prescription and recommendation which are aimed at repositioning universities in Nigeria. Finally, this paper appraised several of these issues and concluded that all stakeholders in the federal polity should thread softly, be objective, rational, altruistic and magnanimous in order not to make the existence of true federalism (social, education, political and economic cohesive existence of the people, peace and tranquillity) a fleeting illusion and a mirage.Key Words: Stakeholders, Allowance, Strikes, Payment, Federal, Government