EXPLORATION OF ALTERNATIVE STRATEGIES FOR FUNDING PRIVATE UNIVERSITY EDUCATION IN NIGERIA

Okolo, U. Ebere and Ani, Ikechukwu and OZOFOR, Ndidiamaka and Bassey, Helen Ebere (2020) EXPLORATION OF ALTERNATIVE STRATEGIES FOR FUNDING PRIVATE UNIVERSITY EDUCATION IN NIGERIA. GOUni Journal of Management & Social Sciences,, 8 (1). pp. 154-166.

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Abstract

Nigeria as a developing nation is witnessing increased enrolment of university students; this then demands equal increase in funding which is not yet met in Nigerian Public Universities. As a result, the government allowed spring up of private universities to help absorb the numerous Jamb students that are unable to to gain admission into public universities. This research was necessitated by the funding requirement of private universities in Nigeria amidst series of academic requirements by the necessary authorities. A survey research design was adopted for data collection. Structured questionnaire was utilized, with a reliability index of 0.876, together with percentages and frequency statistics represented in column were utilized in displaying the results. ANOVA was used to test the hypotheses at 0.05 level of significance and the results concluded that there are various funding strategies untapped for funding private universities in Nigeria. The study recommend that fund raising activities are good and untapped funding strategies of fund raising in public universities in Nigeria; also, use of research products and services fund raising activities are alternative source of fund raising in public universities in Nigeria. The above strategic sources of fund raising recommended would raise adequate funds available for universities;

Item Type: Article
Subjects: L Education > L Education (General)
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 04 Aug 2021 09:37
Last Modified: 04 Aug 2021 09:37
URI: http://eprints.gouni.edu.ng/id/eprint/3056

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