ERIC Number: ED479492
Record Type: Non-Journal
Publication Date: 2003
Reference Count: N/A
Management of Higher Education in a Period of Economic Recession: Alternate Revenue Resourcing for Higher Education in Nigeria.
Aderinto, J. A.
Higher education in Nigeria, until recently, has been one of the economic sectors that was accorded top priority funding. In the last few years, however, government support has been reduced. Data show that higher education in Nigeria has progressively suffered cuts in the allocation of funds. The roles of public finance (government) and that of alternate revenue sources must be examined. It is considered that it is the responsibility of government as a principal operator of higher education to fund the system fully and adequately, but society at large has to be educated to see the need to be involved in the funding and management of higher education in Nigeria. Some potential alternate sources of financial support are discussed. These are: (1) private enterprise; (2) community participation; (3) payment by the individual recipient of educational services; (4) an individual higher education tax; (5) a stabilization fund established by the government; (6) work study programs; (7) contributions by voluntary agencies and philanthropic individuals; (8) external revenue sources; (9) alumni association funds; (10) consultancy service revenues; and (11) commercial ventures. (Contains 14 references.) (Author/SLD)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Nigeria