Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology

Toriola-Coker Luqman Olalekan; Omokungbe Obafemi Owoseni; Alaka Hafiz; Owolabi Hakeem; Obisanya Adekunle Adedapo

doi:doi:10.11648/j.eas.20220703.12

| Peer-Reviewed

Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology

Toriola-Coker Luqman Olalekan, Omokungbe Obafemi Owoseni, Alaka Hafiz, Owolabi Hakeem, Obisanya Adekunle Adedapo

Published in Engineering and Applied Sciences (Volume 7, Issue 3)

Received: 5 June 2022 Accepted: 20 June 2022 Published: 30 June 2022

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

This study is on the contribution of public private partnership (PPP) to education development by generating revenue to sustain the infrastructure and academic decency of Yaba College of Technology, Lagos in Nigeria. Higher Education is a veritable tool for socio-economic development of any country. Training and educating society are the key influence of tertiary institution but they need to be financially sustained to carry out functional duties in terms of resources and development. PPP is seen as a solution to revamping educational sector that is experiencing failure in research and infrastructure growth everyday due to insensitivity on the part of government to finance education by meeting up the minimum requirement benchmark put forward by the United Nation (UN). The study identified the sources of internally generated revenue (IGR) of Yaba College of Technology, limitation facing these IGRs and investigated key issues affecting attempts to improve the IGR. The survey research strategy was used through questionnaire distribution to academic and non-academic members of staff for data collection. A total 150 questionnaires were returned. Sale of admission forms and Tuition fees and revenue from commercial ventures were revealed as main source of IGR. Analysis of the questionnaires showed key issues with IGR improvement to include performance, marketability, internalization, research and development as the challenges facing the institutional growth of the college. The study therefore recommends that concerted effort should be made by the government and private sectors to providing lasting solution to decline in educational sector of Nigeria.

Published in	Engineering and Applied Sciences (Volume 7, Issue 3)
DOI	10.11648/j.eas.20220703.12
Page(s)	36-45
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Public Private Partnership (PPP), Internal Generated Revenue (IGR), Funding, Tertiary Institution, Yaba College of Technology, Nigeria

References

[1]	Government Accountability Office, Standards for Internal Control in the Federal Government. 2014.
[2]	R. Burke and I. Demirag, “Risk transfer and stakeholder relationships in public private partnerships,” Elsevier, vol. 41, no. 1, pp. 28–43, Apr. 2017.
[3]	L. Jin, Z. Zhang, and J. Song, “Profit Allocation and Subsidy Mechanism for Public–Private Partnership Toll Road Projects,” J. Manag. Eng., vol. 36, no. 3, p. 04020011, Feb. 2020, doi: 10.1061/(ASCE)ME.1943-5479.0000766.
[4]	R. Osei-Kyei and A. Chan, “Review of studies on the Critical Success Factors for Public–Private Partnership (PPP) projects from 1990 to 2013,” Elsevier, vol. 33, no. 6, pp. 1335–1346, Aug. 2015.
[5]	L. O. Toriola-Coker, H. Alaka, M. Agbali, W. A. Bello, C. Pathirage, and L. Oyedele, “Marginalization of end-user stakeholder’s in public private partnership road projects in Nigeria,” Int. J. Constr. Manag., pp. 1–10, May 2020, doi: 10.1080/15623599.2020.1766189.
[6]	A. J. Atobatele, “Contribution of Public Private Partnership to Educational Development in Nigeria Impact of Good Governance and Entrepreneurship in Nigeria View project Impact of Public Private Partnership on Infrastructure Development of Nigeria View project,” Int. J. Res. Arts Soc. Sci., vol. 11, no. 2, pp. 121–128, Jul. 2018.
[7]	G. Maslen, “Tuition fees differ markedly between nations,” University world News, Oct. 24, 2014. https://www.universityworldnews.com/post.php?story=20141023143034110 (accessed May 18, 2022).
[8]	U. O. Elizabeth and A. Wey, “Stakeholders’ Participation In The Funding And Curriculum Development In The Attainment Of Sustainable Development Goals Of Universal Basic Education In Rivers State,” Think India J., vol. 22, no. 14, pp. 14708–14716, 2019.
[9]	P. O. Adewale and O. O. Adhuze, “Factors Affecting Polytechnic Students’ Perception of Building-Based Vocational Skills,” Int. J. Vocat. Educ. Train. Res., vol. 3, no. 4, pp. 29–35, Oct. 2017, doi: 10.11648/j.ijvetr.20170304.11.
[10]	P. O. Akinsanya and J. O. Olusanya, “Tertiary education trust fund interventions and tertiary institution capacity building in South-West, Nigeria,” Journalog Educ. Thought, vol. 6, no. 2, pp. 123–141, 2017.
[11]	World Education News Review, “Education in Nigeria,” Education System Profile, Mar. 07, 2017. https://wenr.wes.org/2017/03/education-in-nigeria (accessed May 13, 2022).
[12]	National Universities Commision, “Federal Universities,” Nigerian Universities, 2020. https://www.nuc.edu.ng/nigerian-univerisities/federal-univeristies/ (accessed May 13, 2022).
[13]	National Board for Technical Education, “TVET Institutions,” 2020. https://net.nbte.gov.ng/Federal Polytechnics (accessed May 13, 2022).
[14]	I. O. Famurewa, “Inadequate Funding as the Bane of Tertiary Education in Nigeria,” Greener J. Econ. Account., vol. 3, no. 2, pp. 20–25, Jul. 2014.
[15]	L. Onuoha, “Financing higher education in Nigeria: The role of internally generated revenues and how university managements can maximize the sources,” Can. Soc. Sci., vol. 9, no. 1, pp. 9–14, 2013, doi: 10.3968/j.css.1923669720130901.1956.
[16]	E. E. Baro, G. E. Bosah, and I. C. Obi, “Research funding opportunities and challenges: A survey of academic staff members in Nigerian tertiary institutions,” Bottom Line, vol. 30, no. 1, pp. 47–64, May 2017, doi: 10.1108/BL-07-2016-0027/FULL/HTML.
[17]	B. W. Khaemba, D. M. Sakwa, and L. W. Wachilonga, “Relationship between Education Financing and Human Capital Investment: a survey of Public secondary schools in Kimilili-Bungoma Sub- County,” Int. J. Acad. Res. Bus. Soc. Sci., vol. 4, no. 4, Apr. 2014, doi: 10.6007/IJARBSS/V4-I4/772.
[18]	S. K. Ogungbenle and M. N. Edogiawerie, “BUDGETARY ALLOCATION AND DEVELOPMENT IN NIGERIA,” Igbinedion Univ. J. Account., vol. 2, pp. 377–407, 2016.
[19]	A. Ngwenya, “Towards financial guidelines for sustainable quality service delivery for B-Class municipalities in the West Rand, Gauteng,” North West University, Gauteng, 2019.
[20]	G. Ofoegbu, D. Akwu, and Oliver O, “Empirical analysis of effect of tax revenue on economic development of Nigeria,” Int. J. Asian Soc. Sci., vol. 6, no. 10, pp. 2226–5139, Oct. 2016, doi: 10.18488/journal.1/2016.6.10/1.10.604.613.
[21]	H. Umar and B. T. Current, “Public-private partnership as an imperative in Nigerian education,” Int. J. Curr. Multidiscip. Stud., vol. 2, no. 5, pp. 175–181, Apr. 2016.
[22]	K. Sellgren, “Universities ‘face financial challenges ahead’ - BBC News,” BBC News, Jun. 05, 2013.
[23]	G. Dotsey and N. Esi, “Funding higher education at College of Agriculture Education in Mampong: the role of internally generated Fund,” University of Cape Coast, Cape Coast, 2018.
[24]	O. B. Okuwa and O. A. Campbell, “Financing Higher Education in Nigeria : A demand perspective,” in Sustainable Transformation in African Higher Education, F. Maringe and E. Ojo, Eds. Rotterdam: SensePublishers, Rotterdam, 2017, pp. 159–171.
[25]	S. Olayiwola, “Alternative perspective to funding public universities in Nigeria,” in Sustainable development, C. Ghenai, Ed. IntechOpen, 2012, pp. 27–38.
[26]	K. Kinyanjui, “THE TRANSFORMATION OF HIGHER EDUCATION IN KENYA : CHALLENGES AND OPPORTUNITIES,” 2007.
[27]	N. E. G. Dotsey, “Funding higher education at College of Agriculture Education in Mampong: the role of internally generated Fund,” University of Cape Coast, 2018.
[28]	F. K. Alexander, “The changing face of accountability: Monitoring and assessing institutional performance in higher education,” J. Higher Educ., vol. 71, no. 4, pp. 411–431, 2000, doi: 10.1080/00221546.2000.11778843.
[29]	A. Akintoye, M. Beck, and M. Kumaraswamy, “Public private partnerships: a global review,” 2015.
[30]	A. Akintoye and M. Beck, “Public Private Partnership in Switzerland JENNIFER FIRMENICH,” taylorfrancis.com, pp. 393–316, Sep. 2015.
[31]	E. Yescombe, Public-private partnerships for infrastructure: Principles of policy and finance. Butterworth-Heinemann, 2018.
[32]	L. Leydesdorff and L. Bornmann, “The relative influences of government funding and international collaboration on citation impact,” Wiley Online Libr., vol. 70, no. 2, pp. 198–201, Feb. 2018, doi: 10.1002/asi.24109.
[33]	D. A. Agunbiade, I. Ogunyinka, Peter, I. Shaba, and O. Olaoye, Olaitan, “On the use of double sampling method in analysing internally generated revenue : A case study of Olabisi Onabanjo University,” African J. Sci. Nat., vol. 2, pp. 16–23, 2016.
[34]	C. Nyeh and G. Kpee, “Generating and allocating internal revenue for public secondary school administration in Cross River State,” pdfs.semanticscholar.org, vol. 6, no. 10, pp. 249–260, Oct. 2019.
[35]	Ijaduola. K, “Driving policy of higher education in Nigeria towards relevance,” scholars.fhsu.edu, vol. 9, no. 1, Jan. 2011.
[36]	B. Yamamoto, “Diversifying admissions through top-down entrance examination reform in Japanese elite universities: what is happening on the ground?,” books.google.com, pp. 230–245, Nov. 2016.
[37]	O. I. Aina, “Alternative Modes of Financing Higher Education in Nigeria and the Implications for University Governance on JSTOR,” Africa Dev. / Afrique Développement, vol. 27, no. 1/2, pp. 236–262, 2002, Accessed: Jun. 18, 2022. [Online]. Available: https://www.jstor.org/stable/43658062?read-now=1&refreqid=excelsior%3A9ec3735a6f6e05f6cc6121cf6fa7ad0a&seq=2.
[38]	L. Loubert, “Increasing finance, improving schools,” Rev. Black Polit. Econ., vol. 35, no. 1, pp. 31–41, 2008, doi: 10.1007/s12114-008-9019-x.
[39]	O. A. Famade, G. T. Omiyale, and Y. A. Adebola, “Towards improved funding of tertiary institutions in Nigeria,” Asian J. Humanit. Soc. Sci., vol. 3, no. 2, pp. 83–90, 2015.
[40]	J. Pallant, SPSS Survival Manual : A Step by Step Guide to Data Analysis using IBM SPSS, 6th ed. Routledge, 2020.
[41]	C. K. O. George, A. O. Chrisogonus, and C. B. Iwe, “an Exploratory Study of the Three Phases Analysis of Factor,” Math. Theory Model., vol. 11, no. 3, pp. 1–11, 2021, doi: 10.7176/mtm/11-3-01.

Cite This Article

Plain Text BibTeX RIS

APA Style

Toriola-Coker Luqman Olalekan, Omokungbe Obafemi Owoseni, Alaka Hafiz, Owolabi Hakeem, Obisanya Adekunle Adedapo. (2022). Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology. Engineering and Applied Sciences, 7(3), 36-45. https://doi.org/10.11648/j.eas.20220703.12

Copy | Download

ACS Style

Toriola-Coker Luqman Olalekan; Omokungbe Obafemi Owoseni; Alaka Hafiz; Owolabi Hakeem; Obisanya Adekunle Adedapo. Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology. Eng. Appl. Sci. 2022, 7(3), 36-45. doi: 10.11648/j.eas.20220703.12

Copy | Download

AMA Style

Toriola-Coker Luqman Olalekan, Omokungbe Obafemi Owoseni, Alaka Hafiz, Owolabi Hakeem, Obisanya Adekunle Adedapo. Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology. Eng Appl Sci. 2022;7(3):36-45. doi: 10.11648/j.eas.20220703.12

Copy | Download

@article{10.11648/j.eas.20220703.12,
  author = {Toriola-Coker Luqman Olalekan and Omokungbe Obafemi Owoseni and Alaka Hafiz and Owolabi Hakeem and Obisanya Adekunle Adedapo},
  title = {Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology},
  journal = {Engineering and Applied Sciences},
  volume = {7},
  number = {3},
  pages = {36-45},
  doi = {10.11648/j.eas.20220703.12},
  url = {https://doi.org/10.11648/j.eas.20220703.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eas.20220703.12},
  abstract = {This study is on the contribution of public private partnership (PPP) to education development by generating revenue to sustain the infrastructure and academic decency of Yaba College of Technology, Lagos in Nigeria. Higher Education is a veritable tool for socio-economic development of any country. Training and educating society are the key influence of tertiary institution but they need to be financially sustained to carry out functional duties in terms of resources and development. PPP is seen as a solution to revamping educational sector that is experiencing failure in research and infrastructure growth everyday due to insensitivity on the part of government to finance education by meeting up the minimum requirement benchmark put forward by the United Nation (UN). The study identified the sources of internally generated revenue (IGR) of Yaba College of Technology, limitation facing these IGRs and investigated key issues affecting attempts to improve the IGR. The survey research strategy was used through questionnaire distribution to academic and non-academic members of staff for data collection. A total 150 questionnaires were returned. Sale of admission forms and Tuition fees and revenue from commercial ventures were revealed as main source of IGR. Analysis of the questionnaires showed key issues with IGR improvement to include performance, marketability, internalization, research and development as the challenges facing the institutional growth of the college. The study therefore recommends that concerted effort should be made by the government and private sectors to providing lasting solution to decline in educational sector of Nigeria.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology
AU  - Toriola-Coker Luqman Olalekan
AU  - Omokungbe Obafemi Owoseni
AU  - Alaka Hafiz
AU  - Owolabi Hakeem
AU  - Obisanya Adekunle Adedapo
Y1  - 2022/06/30
PY  - 2022
N1  - https://doi.org/10.11648/j.eas.20220703.12
DO  - 10.11648/j.eas.20220703.12
T2  - Engineering and Applied Sciences
JF  - Engineering and Applied Sciences
JO  - Engineering and Applied Sciences
SP  - 36
EP  - 45
PB  - Science Publishing Group
SN  - 2575-1468
UR  - https://doi.org/10.11648/j.eas.20220703.12
AB  - This study is on the contribution of public private partnership (PPP) to education development by generating revenue to sustain the infrastructure and academic decency of Yaba College of Technology, Lagos in Nigeria. Higher Education is a veritable tool for socio-economic development of any country. Training and educating society are the key influence of tertiary institution but they need to be financially sustained to carry out functional duties in terms of resources and development. PPP is seen as a solution to revamping educational sector that is experiencing failure in research and infrastructure growth everyday due to insensitivity on the part of government to finance education by meeting up the minimum requirement benchmark put forward by the United Nation (UN). The study identified the sources of internally generated revenue (IGR) of Yaba College of Technology, limitation facing these IGRs and investigated key issues affecting attempts to improve the IGR. The survey research strategy was used through questionnaire distribution to academic and non-academic members of staff for data collection. A total 150 questionnaires were returned. Sale of admission forms and Tuition fees and revenue from commercial ventures were revealed as main source of IGR. Analysis of the questionnaires showed key issues with IGR improvement to include performance, marketability, internalization, research and development as the challenges facing the institutional growth of the college. The study therefore recommends that concerted effort should be made by the government and private sectors to providing lasting solution to decline in educational sector of Nigeria.
VL  - 7
IS  - 3
ER  -

Copy | Download

Author Information

Toriola-Coker Luqman Olalekan

School of Engineering, Yaba College of Technology, Lagos, Nigeria
Omokungbe Obafemi Owoseni

School of Engineering, Yaba College of Technology, Lagos, Nigeria
Alaka Hafiz

Big Data Technologies and Innovation Laboratory, University of Hertfordshire, Hatfield, United Kingdom
Owolabi Hakeem

Faculty of Business and Law, University of the West of England – Frenchay Campus, Bristol, United Kingdom
Obisanya Adekunle Adedapo

School of Engineering, Yaba College of Technology, Lagos, Nigeria

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Toriola-Coker Luqman Olalekan, Omokungbe Obafemi Owoseni, Alaka Hafiz, Owolabi Hakeem, Obisanya Adekunle Adedapo. (2022). Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology. Engineering and Applied Sciences, 7(3), 36-45. https://doi.org/10.11648/j.eas.20220703.12

Copy | Download

ACS Style

Toriola-Coker Luqman Olalekan; Omokungbe Obafemi Owoseni; Alaka Hafiz; Owolabi Hakeem; Obisanya Adekunle Adedapo. Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology. Eng. Appl. Sci. 2022, 7(3), 36-45. doi: 10.11648/j.eas.20220703.12

Copy | Download

AMA Style

Toriola-Coker Luqman Olalekan, Omokungbe Obafemi Owoseni, Alaka Hafiz, Owolabi Hakeem, Obisanya Adekunle Adedapo. Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology. Eng Appl Sci. 2022;7(3):36-45. doi: 10.11648/j.eas.20220703.12

Copy | Download

@article{10.11648/j.eas.20220703.12,
  author = {Toriola-Coker Luqman Olalekan and Omokungbe Obafemi Owoseni and Alaka Hafiz and Owolabi Hakeem and Obisanya Adekunle Adedapo},
  title = {Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology},
  journal = {Engineering and Applied Sciences},
  volume = {7},
  number = {3},
  pages = {36-45},
  doi = {10.11648/j.eas.20220703.12},
  url = {https://doi.org/10.11648/j.eas.20220703.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eas.20220703.12},
  abstract = {This study is on the contribution of public private partnership (PPP) to education development by generating revenue to sustain the infrastructure and academic decency of Yaba College of Technology, Lagos in Nigeria. Higher Education is a veritable tool for socio-economic development of any country. Training and educating society are the key influence of tertiary institution but they need to be financially sustained to carry out functional duties in terms of resources and development. PPP is seen as a solution to revamping educational sector that is experiencing failure in research and infrastructure growth everyday due to insensitivity on the part of government to finance education by meeting up the minimum requirement benchmark put forward by the United Nation (UN). The study identified the sources of internally generated revenue (IGR) of Yaba College of Technology, limitation facing these IGRs and investigated key issues affecting attempts to improve the IGR. The survey research strategy was used through questionnaire distribution to academic and non-academic members of staff for data collection. A total 150 questionnaires were returned. Sale of admission forms and Tuition fees and revenue from commercial ventures were revealed as main source of IGR. Analysis of the questionnaires showed key issues with IGR improvement to include performance, marketability, internalization, research and development as the challenges facing the institutional growth of the college. The study therefore recommends that concerted effort should be made by the government and private sectors to providing lasting solution to decline in educational sector of Nigeria.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Public Private Partnership (PPP) as an Aid to Tertiary Institution Support for Internally Generated Revenue (IGR): A Case Study of Yaba College of Technology
AU  - Toriola-Coker Luqman Olalekan
AU  - Omokungbe Obafemi Owoseni
AU  - Alaka Hafiz
AU  - Owolabi Hakeem
AU  - Obisanya Adekunle Adedapo
Y1  - 2022/06/30
PY  - 2022
N1  - https://doi.org/10.11648/j.eas.20220703.12
DO  - 10.11648/j.eas.20220703.12
T2  - Engineering and Applied Sciences
JF  - Engineering and Applied Sciences
JO  - Engineering and Applied Sciences
SP  - 36
EP  - 45
PB  - Science Publishing Group
SN  - 2575-1468
UR  - https://doi.org/10.11648/j.eas.20220703.12
AB  - This study is on the contribution of public private partnership (PPP) to education development by generating revenue to sustain the infrastructure and academic decency of Yaba College of Technology, Lagos in Nigeria. Higher Education is a veritable tool for socio-economic development of any country. Training and educating society are the key influence of tertiary institution but they need to be financially sustained to carry out functional duties in terms of resources and development. PPP is seen as a solution to revamping educational sector that is experiencing failure in research and infrastructure growth everyday due to insensitivity on the part of government to finance education by meeting up the minimum requirement benchmark put forward by the United Nation (UN). The study identified the sources of internally generated revenue (IGR) of Yaba College of Technology, limitation facing these IGRs and investigated key issues affecting attempts to improve the IGR. The survey research strategy was used through questionnaire distribution to academic and non-academic members of staff for data collection. A total 150 questionnaires were returned. Sale of admission forms and Tuition fees and revenue from commercial ventures were revealed as main source of IGR. Analysis of the questionnaires showed key issues with IGR improvement to include performance, marketability, internalization, research and development as the challenges facing the institutional growth of the college. The study therefore recommends that concerted effort should be made by the government and private sectors to providing lasting solution to decline in educational sector of Nigeria.
VL  - 7
IS  - 3
ER  -

Copy | Download