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FINANCING HIGHER EDUCATION IN NIGERIA THE ROLE OF NIGERIAN EDUCATION BANK
ABSTRACT
The inability of government to satisfy the growing demand for tertiary education
has necessitated the entry of the private sector operators into the Nigerian tertiary
education system to solve access and funding problems. This study assesses the
importance of user fees as alternative mode of financing tertiary education to achieve
sustainable transformation in Nigeria. The study adopted descriptive and probit
regression methods to analyze data generated from 2000 household questionnaires
in Oyo state Nigeria. The result shows that irrespective of location, households are
willing to pay for higher education especially private higher education and that
parent’s education is key to tertiary education demand. The policy implication
of charging user fees depends on the magnitude of the initial excess demand, the
responsiveness of enrolment to fee increase, the unit cost of tertiary education and
the introduction of student loans/ vouchers with easy accessibility in order to achieve
sustainable transformation in education.
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
