AbstractIn a world driven by competition in all spheres of life, and in more recent times by competition in development in technology; research has development implications for every nation. The article dealt with refocusing higher education research for sustainable development. It took care of the factors that facilitated the development of research in first and second generation Nigerian Universities, the importance of research to national development and decline of research for sustainable development. The article argues that inorder to cope with global competitiveness acquisition of new knowledge through research is almost inevitable as the advancement of economy is directly linked to the performance of its industries. In conclusion the article recommended among others that a more scientific approach to funding research should be adopted. Instead of a statutory allocation approved by senate, funding should be based on needs and capability to utilize the funds judiciously.