ALTERNATIVE FUNDING STRATEGIES FOR REPOSITIONING TECHNOLOGY EDUCATION FOR SUSTAINABLE SKILL DEVELOPMENT AND ECONOMIC DEVELOPMENT IN SOUTH-EAST STATES OF NIGERIA
Abstract
Funding tertiary education in Nigeria has been a challenge bedeviling the quality of education offered in this country. It seems that the government can no longer fund technology education adequately to provide the desired skills development training needed for sustainable economic development. The study focused on determining the alternative funding strategies for repositioning technology education for sustainable skills development and economic development in South-East Nigeria. Two research questions guided the study and two null hypotheses that were tested at 0.05 level of significance. Survey research design was adopted. The area covered was the five states in the South East. The population of the study was 112 respondents (lecturers of technical education in tertiary institutions in South East). Structured questionnaire with 20 items which was validated by three experts was used for data collection. The reliability of the instrument was determined with the measure of internal consistency method and the analysis of data with Cronbach Alpha reliability yielded a reliability coefficient of 0.86.Mean and standard deviation was used to answer the research questions while t-test was used to test the null hypotheses. Findings showed that the respondents agreed with all the alternative funding strategies listed. There was no significant difference between the mean rating of the respondents in federal and state tertiary institutions on the alternative funding strategies. Based on the findings conclusion was made and it was recommended that institution management should restructure technology education workshops to a mini industry in order to generate funds, technology education lecturers should attract grants and patronage for research and innovations while government should encourage non-governmental organisations to support technology education through monetary and non-monetary interventions among others.
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Key words: Technology education, funding, alternative funding strategies, skill development, economic development.
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