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Entity, Ownership, Educational Subsidies and Funding of Nigerian Tertiary Institutions

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Author(s): Idialu Jeremiah Uwaifo | Idialu Ethel E.

Journal: Current Research Journal of Social Science
ISSN 2041-3238

Volume: 4;
Issue: 1;
Start page: 56;
Date: 2012;
Original page

Keywords: Cost | finance | government | knowledge | partnership | public private service

ABSTRACT
The motivation for this study is the need to save the Nigerian public tertiary institutions from going into extinction from under-funding. Funding of the institutions is currently on the basis of ownership. There is currently conflict of citizens’ right to education at whatever level at reduced cost or no cost at all and government’s inability to meet the cost of education. Government end up giving what it thinks it can afford and not what the institutions need to operate effectively. On the other hand the institutions are not given the free hand to determine what the beneficiaries of their services should pay. This study recommends that the institutions should be seen as separate entities from government and therefore be allowed to determine the price for their services. Citizens’ right should be met through educational subsidies from all levels of government. The balance fees should be picked by the beneficiaries of the services of the institutions. This is the surest way to the survival of tertiary institutions in the Nigerian environment.
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