University Funding and Financial Autonomy: Issues and Challenges for Public and Private Universities in Nigeria

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dc.contributor.authorFabayo, Joseph A.
dc.contributor.authorOlolade, Moses B.
dc.contributor.authorOgbeide, Sunday O.
dc.date.accessioned2023-10-04T08:36:49Z
dc.date.available2023-10-04T08:36:49Z
dc.date.issued2022
dc.description.abstractTHE employment of strategies for funding by university administrators to drive operations cannot be over emphasised. In the light of present-day economic challenges, where institutions, government agencies, departments and the government at the three levels are struggling to pay salaries and meet up with other administrative costs, private and public universities as well as colleges of education and polytechnics whose vision is skewed towards excellence and productivity, cannot afford to completely depend on tuition fee for financing and sustainability. The cause of financial setback in most tertiary institutions is premised on relying on one source of revenue generation. For most private universities, they mainly depend on fees from students, while for public universities, government monthly subventions and student tuition fees are predominantly the sources of revenue; yet, the challenges are continually on the ascendancy. Thus, the aim of this chapter is to x-ray factors driving university self–financing (funding) in the present-day university education system in Nigeria and financial autonomy of the universities including the challenges of universities’ funding and financial autonomy.en_US
dc.identifier.citationFabayo, J. A., Ololade, M. B., & Ogbeide, S. O. (2022). University Funding and Financial Autonomy: Issues and Challenges for Public and Private Universities in Nigeria. In Title of the Book or Report. John Archers (Publishers) Ltd.en_US
dc.identifier.isbnJOHN ARCHERS
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/1417
dc.language.isoenen_US
dc.publisherJOHN ARCHERSen_US
dc.relation.ispartofseriesElizade University @10;
dc.subjectUniversity fundingen_US
dc.subjectStrategies for fundingen_US
dc.subjectEconomic challengesen_US
dc.subjectAdministrative costsen_US
dc.subjectTuition feeen_US
dc.subjectSustainabilityen_US
dc.subjectRevenue generationen_US
dc.subjectPrivate universitiesen_US
dc.subjectPublic universitiesen_US
dc.subjectGovernment subventionsen_US
dc.subjectFinancial setbacken_US
dc.subjectFinancial autonomyen_US
dc.subjectUniversity education systemen_US
dc.subjectChallengesen_US
dc.subjectNigeriaen_US
dc.titleUniversity Funding and Financial Autonomy: Issues and Challenges for Public and Private Universities in Nigeriaen_US
dc.typeBook chapteren_US
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