It is very obvious that globalization has been an era of influence on the development of developing countries considering the harsh consequences of International Monetary Fund (IMF) and World Bank sponsored structural adjustment programs. Developing countries (especially African countries) being members of the international community are not spared from globalization and therefore these countries are exposed to both the positive and negative impacts of globalization. Globalization in the cutting-edge times has brought about expanded reliance among nations and in spite of the fact that the way of globalization holds the guarantee of advancement for all, it has been contended by numerous researchers that the effect of globalization on education is numerous. It can be argued that despite the fact that globalization awards numerous possibilities (in particular an expansion in capital streams), it also exposes many developing countries to many new challenges. Thus, the objective of education is moving farther away from the social, cultural, and scholarly satisfaction of students, and closer toward the monetary satisfaction of countries. Toward this path, universities and colleges are furnishing students with information that is fitting for current financial patterns. This paper seeks to address the impact of globalization on education as a blessing or a curse.