FUNDING AND UTILIZATION OF FUNDS IN NIGERIAN RESEARCH INSTITUTES: A STUDY OF SELECTED INSTITUTES
FUNDING AND UTILIZATION OF FUNDS IN NIGERIAN RESEARCH INSTITUTES: A STUDY OF SELECTED INSTITUTES
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Date
1997-02
Authors
ODUBU, JOHN EMMA
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Abstract
Nigeria, like most third world countries gets supply
of industrial goods, raw materials and equipment for her
industries from Europe and Asian countries. The
implication of this is that her economy depends heavily on
other countries. During this period of economic austerity,
importation of goods is expensive. Besides, no nation is
considered developed until it can assess its materials and
human resources and harness these resources towards its
security, sovereignty and improved standard of living for
its citizens. And success in the sustainable economic
development of any nation is practically impossible today
outside the context of the development of science and
technology capacity and the practical application of it to
the required extent.
Based on the recognition of the vital role research
and development (R & D) play in economic development, since
Nigeria gained her political independence many research
institutes (R.Is) have been established to carry out
research in various fields covering agriculture, chemical,
leather technology, engineering, construction etc.
Successive governments have always financed these R.Is and
incorporated in their Governing Boards men with wealth of
experiences in Science and Technology and business
management.
Though the R.Is have recorded some break-throughs in
terms of inventions which have been commercialised or hold
reasonable promise of commercialisation, casual empiricism
seems to suggest that there is far greater potential than
the R.Is have output to show for. Various discussions in
seminars, journals and newspapers shew that the poor
performance of R.Is have been due to inadequate funds for
meaningful research work and purchase of equipment. In
some discussions, the poor performance has been attributed
to mismanagement of R.Is.
The purpose of this study therefore, is to examine the
funding and utilization of funds in six sampled research
institutes, with a view to determining the adequacy of
funds allocated to R.Is and how such funds are being used.
The investigation revealed that the R.Is are not
adequately funded. On the utilization of funds at their
disposal, the R.Is were found to have performed fairly
satisfactory. The study concluded by giving some
suggestions on what can be done towards increased
allocation of funds to R.Is and how the use of such funds
can be improved upon.
Description
A DISSERTATION SUBMITTED TO THE POST GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA, IN FULFILLMENT OF
REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER
OF SCIENCE (ACCOUNTING AND FINANCE)
FEBRUARY. 1997
Keywords
FUNDING,, UTILIZATION,, FUNDS,, NIGERIAN,, RESEARCH,, INSTITUTES,, STUDY,, SELECTED,, INSTITUTES,