CONTINENTAL JOURNAL OF EDUCATION RESEARCH
Science and Education Development Institute

DOI: 10.5897/UJ-CJEducRes
Email: managingeditor.olawale71@gmail.com

ALTERNATIVE SOURCES OF FUNDING VOCATIONAL AND TECHNICAL EDUCATION IN NIGERIA

DOI: 10.5897/UJ-CJEducRes.17.007.1   |   Article Number: CD15271   |   Vol.8 (1) - June 2015

Authors:  Adegbenjo Abimbola Olunike and Olubato Felicia Yemisi

Keywords: Vocational and Technical Education (VTE), alternative sources of funding, occupation, self-reliant, Internal Generated Revenue (IGR)

ABSTRACT

Full-Text PDF

Nigerian education is suffering from acute shortage of fund. For decades, the funding of education has been the sole responsibility of the government. At national level in 2012, N4.9trn budget proposal was presented to the National Assembly and N426.53bn was allocated representing 8.7 per cent of the national budget to Education compared to 26 per cent international benchmark for developing countries. Not bearing in mind that some programmes like Vocational and Technical Education (VTE) are practical oriented and large sum of money would be needed in order to retain its right place in the development of skills/competencies, self-reliance, technological, economical and national growth. It is disheartening that VTE in Nigeria is suffering the frustration and indignity of very low rating in the world ranking due to inadequate funding by the government. In view of this, the paper examines the alternative sources of funding Vocational and Technical Education in Nigeria. It was concluded that, the funding of VTE must not be left alone to the government; but every citizen of this nation must contribute his/her quota to ensure that quality education is given. It was recommended that institutions should generate Internal Generator Revenue (IGR) and seek for assistance from companies, philanthropists and alumni associations in order to finance Vocational and Technical Education adequately.

Abayomi, A. (2012). Education budget and its implications (Analysis). Retrieved from http://www.vanguardngr.com/

Agbulu, O. N. and Olaitan, S. O. (2002). Comparative vocational technical education systems in U.S.A., Great Britain and Japan: Lesson for Nigeria. Retrieved from http://uamkd.com/colleges/agricscieducation/agricedu/lm/2.pdf

Akpan, G. A. (2010). Approaches for involving communities in providing financial resources for vocational education. International Journal of Social Science and Humanities Review. 1(1). 154-159

Atsumbe, B. N., Emmanuel, R., Igwe, C. O. and Atsumbe, J. A. (2012). Repositioning vocational and technical education for effective manpower production in Nigeria. IOSR Journal of Mechanical and Civil Engineering (IOSRJMCE). 1(4).01-06. Retrieved from http://iosrjournals.or/iosr-jmce/full-issue/vol 1-issue4.pdf

Aturu, B. (2011). Vocational Technical Education, the state and citizenry in Nigeria. A paper presented to the School of Vocational Education, the Federal College of Education (Technical), Akoka on Thursday 27th January, 2011.

Babalola, J. B., Sikwibele, A. L. and Sulaiman, A. A. (2000). Education as aided by the World Bank: A critical analysis for post-independence projects in Nigeria. Journal of Third World Studies. 17(1). 155-163.

Bassey, S. U. (2000). Universal basic education: Its funding. Internal Journal of Research in Basic and Life-Long Education. 1(1&2).

Budget speeches of various state governments in Nigeria (2012). Central Bank of Nigeria (2011). Federal Government Recurrent Expenditure (1961-2011). Central Bank of Nigeria Statistical Bulletin. CBN Abuja.

Dike, V. E. (2009). Technical and vocational education: Key to Nigeria’s development. Retrieved from http://www.triuphnewspaers.com/tech3032009.html

Ekpeyong, L. E. (2005). Foundations of technical and vocational education: New directions and approaches for Nigerian students in TVE and adult education, practitioner and policy maker. Benin: Supreme Ideal publishers.

Federal Republic of Nigeria (2004). National Policy on Education (NPE). Lagos: NERDC Press.

Ibara, E. C. (2011). Funding Higher Education in a dwindling Fiscal Resource Allocation: The Nigerian perspective. Journal of Sustainable Development in Africa. 13(3). In Oseni, M. (2012). Adequacy of budgetary allocation to educational institutions in Nigeria. Pakistan Journal of Business and Economic Review. 3(1). 143-157.

Mbipom, G. (2000). Educational administration and planning. Calabar: University of Calabar Press.

Mureithi, G. W. (2008). Challenges facing vocational training centres in human resource development: The case of Youth Polytechnics in Rift Valley Province, Kenya. In Mureithi, G. W. (N. D.). Technical, vocational education and training in Africa: has it lost its significance? Retrieved from http://www.kmafrica.com/book/export/html/2067

Moja, T. (2000). Nigeria education sector analysis: An analytical synthesis of performance and main issues. Retrieved from http://siteresources.worldbank.org/NIGERIAEXTN/Resources/ed_sec_analysis.pdf

National Bureau of Statistics (2011). Review of the Nigerian Economy. Abuja.

Nigeria Education Fact Sheet (2012). The Nigeria 2012 budget: A critical appraisal. Retrieved from

www.photos.state.gov/libraries/nigeria/487468/Januaryeducationfactsheet.pdf

Nuru, A. Y. and Mumah, S. N. (2009). The growth and development of Polytechnic in Nigeria. A paper presented at all Nigerian polytechnic conference Abuja, between 20th and 23rd March 2009.

Odiaka, T. I. (2012). 2013 budget and Nigerian Universities. Retrieved from

http://www.punching.com/opinion/2013-budget-and-nigerian-universities/

Offiong, A. A., Akpan, A. G. and Usoro, S. H. (2013). Funding of Vocational and Technical Education in Nigeria in times of global economic recession. An International Journal of Arts and Humanities (AFRREV IJAH). 2(2). 149-158. Retrieved from

http://afrrevjo.net/journals/ijah/Vol_2_no_2_art_9_OffiongAkpan&Usoro.pdf

Okoro, O. M. (1993). Principles and methods in vocational and technical education. Nsukka: University Trust Publishers.

Okpor, I. and Hassan, N. (2012). Public-private partnership for skill acquisition and Vocational and Technical Education vocational technical education development in Nigeria. Mediterranean Journal of Social Sciences. 3(4). 91-94. Retrieved from

http://www.mcser.org/images/stories/muss-special-issues/MJSS-January2012/okpor-ikechukwu.pdf

Omole, B. (November 13, 2012). VCs can’t succeed solely on government funding for university. Business Day Newspaper.

Oseni, M. (2012). Adequacy of budgetary allocation to educational institutions in Nigeria. Pakistan Journal of Business and Economic Review. 3(1). 143-157.

Osuala, E. C. (2004). Foundations of vocational education. Enugu: Cheston Agency Ltd.

Smith, A. and Billett, A. (2005). Getting employers to spend more on training: Lessons from overseas. Funding and Financing of Vocational Education and Training. NCVER, Adelaide.

Watson, L. (2005). Student fees and charges in Vocational and Technical Education: Policies and practice. Funding and Financing of Vocational Education and Training. NCVER, Adelaide.