DIVERSIFYING SOURCE OF FINANCE FOR NIGERIA'S FEDERAL UNIVERSITIES: A CASE STUDY OF AHMADU BELLO UNIVERSITY, ZARIA.
DIVERSIFYING SOURCE OF FINANCE FOR NIGERIA'S FEDERAL UNIVERSITIES: A CASE STUDY OF AHMADU BELLO UNIVERSITY, ZARIA.
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Date
1985-09
Authors
DADA, FUNMILAYO DEBORAH.
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Abstract
The problem of i n a d e q u a t e funding by t h e Federal Government
i s one which t h e U n i v e r s i t i e s have been facing in r e c e n t y e a r s.
With t h e grim economic s i t u a t i o n in t h e c o u n t r y and t h e r a p id
r i s e in the number of Federal U n i v e r s i t i e s , it is now becoming
c l e a r e r t h a t t h e Federal Government may no longer be in a p o s i t i on
t o bear t h e financing of t h e s e u n i v e r s i t i e s to f u l l c a p a c i t y.
The need has t h e r e f o r e a r i s e n for our u n i v e r s i t i e s to e x p l o re
p o s s i b l e ways of g e n e r a t i n g revenue i n t e r n a l l y , if t h e y are to
reduce t h e i r f i n a n c i a l dependence on t h e f e d e r a l government.
The f i n a n c i a l c r i s i s being faced by our u n i v e r s i t i e s is due
l a r g e l y t o t h e i r over-dependence on t h e t r a d i t i o n a l source of
funds p a r t i c u l a r l y government s u b v e n t i o n s which have now been
o n t h e d e c l i n e . In o r d e r t o s o l v e t h e i r f i n a n c i a l problems on
a permanent b a s i s , t h e r e f o r e , t h e u n i v e r s i t i e s must t a k e s t eps
aimed at d i v e r s i f y i n g t h e i r source of funds.
I t i s a g a i n s t t h i s background t h a t t h i s r e s e a r c h t a k es
ABU as case s t u d y w i t h a focus on t h e Main Campus and I n s t i t ute
of A d m i n i s t r a t i o n programmes, funded by t h e Federal Government
t h r o u g h t h e NUC. Based on t h e above S t a t e d problem, t h e r e f o r e,
t h e o b j e c t i v e s , j u s t i f i c a t i o n , s c o p e , r e s e a r c h methodology
r e l a t e d l i t e r a t u r e and l i m i t a t i o n s of t h e s t u d y were f i r st
d i s c u s s e d . The s t u d y a t t e m p t s to a p p r a i s e t h e f i n a n c i n g of
u n i v e r s i t y development and r e c u r r e n t programmes by t h e Federal
Government t h r o u g h t h e N a t i o n a l U n i v e r s i t i e s Commission (NUC) .
V
The historical background of ABU, growth in student enrollment
and staff disposition over the years, were also presented, A
c r i t i c a l analysis of ABU financial operations/records in terms of
expenditure (actual) vis-a vis t o t a l income for the past twelve
years, was presented to expose the need for the university to
diversify i t s source of finance.
The study also highlights the attempt by ABU to supplement
government dwindling revenue by establishing the ABU Consultancy
Service. Other ventures like the ABU Bookshop and ABU Press were
also discussed.
Based on time series data (1973/74 - 1984/85) two s t a t i s t i cal
models - The trend Analysis and Regression Analysis - were used
to project future ABU finances for the next five years (1 935/86 to
1989/90) thus:
(a) Total Recurrent Expenditure
(b) Total Recurrent Income
(c) Expenditure per Student
(d) University Internal Revenue
(e) Federal Government Recurrent Grants
(f) Student Population
Finally, based on research findings,, some key recommendations
were made on the ways and means of solving the perennial financial
problems of the university. Suggestions wore made on the various
means by which revenue could be generated to supplement Federal
Government dwindling funds for the Nigerian universities in general
and ABU in p a r t i c u l a r
Description
A THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA, NIGERIA
IN PARTIAL FULFILMENT FOR THE AWARD OF MASTER OF
BUSINESS ADMINIATRATION
DEPARTMENT OF BUSINESS ADMINISTRATION
AHMADU BELLO UNIVERSITY, ZARIA, NIGERIA
SEPTEMBER, 1985.
Keywords
DIVERSIFYING,, SOURCE,, FINANCE,, NIGERIA'S FEDERAL UNIVERSITIES.