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Alternative University Financing

Adetanwa I. Odebiyi presented a number of alternatives(PDF) for tertiary education financing in Nigeria that remain relevant today, they include that:

  • The universities in Nigeria need to be open to innovations in the area of sourcing for nongovernment funds to run the respective universities. In this respect, universities should learn from one another and possibly under-study the success stories in sister universities.
  • It is important to enlighten the public about the various modes of financing higher educationThe public includes parents, and guardians, and some of them could even be alumni of these various universities. Some could even be industrialists who may be willing to endow chairs or provide funds for applied research which will benefit the industries and economically enhance the universities. If the public is to provide necessary support in financing the universities, then they should be well informed as to the conditions in the universities and about alternative modes of financing higher education. They should be made to know what obtains in other countries and why some steps are necessary. They should know the types of expertise available in the universities so that these can be explored and utilised in the industries.

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