Exploring Public Private Partnership Models for Funding of Universities in Nigeria
Keywords:
Public Private Partnerships Funding Model, Universities Education
Abstract
The realization of university programme depends on adequate funding. Adequate funding is the life wire of the university system. No any meaningful development can be achieved in the universities education without adequate funds. Recently, the Nigerian universities have been experiencing problems of financial shortage. Many universities administrators in Nigeria cannot execute programme of the universities because of scarcity of funds. This paper explores various public-private partnership funding models options for the funding of universities in Nigeria. Secondary data collected from both print and online publications were used for the paper. The paper concluded that there are various Public-Private Partnership Funding Model options available for the funding of universities in Nigeria which include; Build, Operate, Transfer (BOT), Design, Build, Finance, Own (DFBO), Design, Build, Operate and Transfer (DBOT), Build, Own, Operate and Transfer (BOOT), Rehabilitate, Operate and Transfer (ROT), Joint Development Agreement (JDA), Operation and Maintenance (OM), Management/Lease Contract, Outsourcing, Leasing Contract, divestiture and concession.. The paper also established that universities in Nigeria can adopt public-private partnership funding models available to increase funds availability in the universities system, fund infrastructure facilities projects, increase research funding and increase communities services to the host communities across Nigeria. The paper recommended that the federal and state government should direct universities administrators to adopt the various Public Private Partnership (PPP) funding models available in the country to enhance implementation of teaching, research and community service programme and fund infrastructure facilities projects in the universities.
References
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25. Ogunode, N. J., Attah, G,. E. & Ebute, J. (2023). Investment in Education in Nigeria: Barriers and Way Forward. European Journal of Higher Education and Academic Advancement, 1(2), 71–81. Retrieved from https://e- science.net/index.php/EJHEAA/article/view/103
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27. Peter, W. T (2017) Public Private Partnership and Education development in Nigeria. Press publication. Lagos
28. Sarkinfada, .H.. (2013). Infrastructural Challenges in Nigeria Secondary Schools as Hindrance to Quality Education. African Journal of Academic Excellence 2(1) 1-5
29. Sarkinfada, .H. (2016) Participants Perception of Learning Involvement and Challenges of Adult Continuing Education Programmes inkwara State. International Journal of Contemporary Education and Management(IJCEM) 11(2). 126-143. ISSN: 3609-7986 . Oxford publications.
30. Tunde, O. K. & Issa, A. (2013). The quality of Nigerian higher education and the funding of library resources. Ozean Journal of Social Sciences. 6, 43-53.
31. Udida, L. A. , Bassey, U. U. & Udofia, I. U. (2009). System Performance and Sustainability of Higher Education in Nigeria. Paper Presented at the 11th International Conference of Educational Management Association of South Africa (EMASA)
2. Akinola, J. A. (1990), Issues of standard in higher education. A perpetual problem. A paper presented at the 2nd National Workshop on Supervisory and Inspectorate Services in the 6-3-3-4 system of Education at the University of Ilorin.
3. Akomolafe, C. O. & Ibijola, E. Y. (2014) Accreditation of academic programmes and quality assurance in universities in South-West Nigeria. Available from: www.global-conference.eu/proceeding/vol.1.
4. Hassan, K,. I. & Fatile, J,. N. (2022). Public Private Partnership and Educational Infrastructure in Nigeria. Journal of Public Administration, Finance and Law. (26), 138-51. https://doi.org/10.47743/jopafl-2022-26-13
5. Ifeanyi, O. D. Ogunode N. J, &Ajape T. S (2021). Shortage of Funds in The Nigerian Public Universities: Causes, Effects and Way Forward. Innovative Technological Methodical Research Journal 2(7), 5-18
6. Ishaya S,. A. & Ogunode, N,. J. (2021). Inadequate Infrastructural Facilities In Nigerian Public Universities: Causes, Effects And Ways Forwards. American Journal of Social and Humanitarian Research .2(4), 92-102
7. Lawal, I. (2023). Between dwindling tertiary education funding and flickering PPP initiatives. https://guardian.ng/features/between-dwindling-tertiary-education-funding-and-flickering-ppp initiatives/#:~:text=With%20the%20ever%2Ddwindling%20funds,of%20it%20can%20be%20disastrous.
8. Mark, J.Y (2019). Adoption of Public Private Partnership in addressing educational problems in Nigeria. JSSE, 2(5).12-19
9. Obadara, O. E. & Alaka, A. A. (2013). Accreditation and quality assurance in Nigerian universities. Journal of Education and Practice. 4, 13-41.
10. Ogunode, N,. J,. Edinoh, K. & Okolie, R,. C. (2023) Public Private Partnership Model and Implementation of Tertiary Education Programme in Nigeria. AMERICAN Journal of Science on Integration and Human Development 1(6), 1-12.
11. Ogunode , N,. J,. Haliru, S,. Shehu, M.. & Peter, T,.(2O23). Vice Chancellors in Nigerian Public Universities: Roles, Problems and Ways Forward. Modern Journal of Social Sciencesand Humanities (15), 12-25
12. Ogunode, N,. J. Ezema, O,. & Olugbenga, A,. V (2021) Problems Faced by Academic Leaders in Public Higher Institutions in Nigeria. Spanish Journal of Innovation and Integrity (6),214—423.
13. Ogunode, N,. J., Onyekachi, C,. M. & Ayoko, V,. O. (2023). Investment in University Education in Nigeria: Obstacles and Possible Solutions. Journal of Education, Ethics and Value 2(1),1-9.
14. Ogunode, N. J. ., & Ade, T. I. . (2023). Research Programme in Public Universities in Nigeria. Best Journal of Innovation in Science, Research and Development, 2(3), 1– 13. Retrieved from http://www.bjisrd.com/index.php/bjisrd/article/view/84 30.
15. Ogunode, N. J. ., & Adihikon, T. A. (2023). Historical Development of Higher Education and Developmental Issues in Nigeria. Modern Journal of Social Sciences and Humanities, 17, 1–20. Retrieved from https://mjssh.academicjournal.io/index.php/mjssh/article/view/652 31.
16. Ogunode, N. J., & Ahmed, I.. (2022). Recruitment in Public Tertiary Education in Nigeria: Problems and Way Forward. International Journal Of Inclusive And Sustainable Education, 1(2), 29–39. Retrieved from https://inter-publishing. com/index.php/IJISE/article/view/83 32.
17. Ogunode, N,. J., Onyekachi, C,. M. & Ayoko, V,. O. (2023). Investment in University Education in Nigeria: Obstacles and Possible Solutions. Journal of Education, Ethics and Value 2(1),1-9.
18. Ogunode, N.J. & Mcbrown, R.I. (2022). Committee System in Nigerian Public Tertiary Institutions: Problems and Way Forward. International Journal on Integrated Education. 5, 5 (May 2022), 1-9. https://journals.researchparks.org/index.php/IJIE/article/view/3009 33.
19. Ogunode, N.J., Atobauka, I,. A. & Ayoko, V,. O. (2023) University Education Politicization in Nigeria: Implications and Ways Forward. International Journal on Integrated Education 6(1), 1-12
20. Ogunode, N.J., Iyabode, A .E. & Olatunde-Aiyedun, T.G. (2022). Community service programme of Nigerian public tertiary institutions: problems and way forward. Spanish Journal of Innovation and Integrity, 5, 1- 9. http://sjii.indexedresearch.org/index.php/sjii/article/view/64
21. Ogunode N,. J. (2020). Administration of Public Universities in Nigeria: Problems and Solutions Jurnal Sinestesia, 10,(2),98-109 43.
22. Ogunode N, J. & Lawan, A. (2020). Public Universities Administration in Nigeria: Challenges and the ways forward. International Journal on Integrated Education. 3, 11 (Nov. 2020), 163-169. DOI:https://doi.org/10.31149/ijie.v3i11.877
23. Ogunode N,. J. (2020a) An Investigation into the Causes of Unstable Academic Calendar in Nigeria Higher Institutions: A case Study of Federal University Wukari, Taraba, Nigeria. Social Science Researcher (2020) 6 (1 Paper I.D. 6.1.1
24. Ogunode N,. J., Jegede D., Adah S,., Audu E,. I,. Solomon, A,. T. (2020). Administration of Research Programme in Nigerian Public Universities: Problems and Way Forward. Educational Journal of History and Humanities, 3(2), 21 32..Https://Jurnal.Usk.Ac.Id/Riwayat/Article/View/20758
25. Ogunode, N. J., Attah, G,. E. & Ebute, J. (2023). Investment in Education in Nigeria: Barriers and Way Forward. European Journal of Higher Education and Academic Advancement, 1(2), 71–81. Retrieved from https://e- science.net/index.php/EJHEAA/article/view/103
26. Oyedele, R. T. (2013). Federalism, ethnicity and regionalism in Nigeria;revised draft of paper presented at the conference on the dilemmas of democracy in Nigeria, University of Winsconsin-Madison, U.S.A. held between 10-12 November.
27. Peter, W. T (2017) Public Private Partnership and Education development in Nigeria. Press publication. Lagos
28. Sarkinfada, .H.. (2013). Infrastructural Challenges in Nigeria Secondary Schools as Hindrance to Quality Education. African Journal of Academic Excellence 2(1) 1-5
29. Sarkinfada, .H. (2016) Participants Perception of Learning Involvement and Challenges of Adult Continuing Education Programmes inkwara State. International Journal of Contemporary Education and Management(IJCEM) 11(2). 126-143. ISSN: 3609-7986 . Oxford publications.
30. Tunde, O. K. & Issa, A. (2013). The quality of Nigerian higher education and the funding of library resources. Ozean Journal of Social Sciences. 6, 43-53.
31. Udida, L. A. , Bassey, U. U. & Udofia, I. U. (2009). System Performance and Sustainability of Higher Education in Nigeria. Paper Presented at the 11th International Conference of Educational Management Association of South Africa (EMASA)
Published
2023-10-12
How to Cite
Niyi Jacob Ogunode, & OBIAKOR, Mariagoretti Ijeoma. (2023). Exploring Public Private Partnership Models for Funding of Universities in Nigeria. International Journal on Economics, Finance and Sustainable Development, 5(10), 41-50. Retrieved from https://journals.researchparks.org/index.php/IJEFSD/article/view/4868
