Title: Evolved Stakeholders Funding Mobilisation Model for Higher Education Institutions in Nigeria
Authors: Monica N. Odinko, A.O.U. Onuka, Oladele, B.K and E.A. Isah
Volume: 9
Issue: 7
Pages: 108-121
Publication Date: 2025/07/28
Abstract:
In this paper, the authors examined the type of funding that exists in Nigeria Public Higher Education Institutions and evolved a funding model that encourages stakeholders' participation to reduce instability in the Institutions. The study adopted the concurrent mixed method research type. The target population consists of stakeholders in Federal and State Government higher education institutions (universities, polytechnics and colleges of education) selected from the already existing six geo-political zones in Nigeria. Purposive sampling technique was used to select a state with at least one each of the three types of institutions making a total of 18 institutions from six states. To ensure maximum representation of the stakeholders, respondents including school administrative officers, lecturers, parents, students, philanthropists, corporate organisations, business men and women, employers of labour, farmers, artisans, were purposively and randomly selected. Three questionnaires and an interview schedule were used to generate data. The instruments were trial tested on 60 stakeholders who are not part of the study sample. The reliability index were established using Cronbatch's alpha. Data were analysed using descriptive statistics and thematic analysis using ATLAS.ti software. The major findings include the fact that though there was no documented common current model being used by NPHEIs for fund mobilisation, however the pattern that emerged reveals the government as the principal and TETFUND, which is also government agency, as almost responsible for major infrastructural development in federal and state owned institutions. Results from interviews shows a more encompassing and sustainable model suggested by the stakeholders which if adopted or adapted would reduce instability and improve quality higher education provision in NPHEIs.