TERTIARY EDUCATION FUNDING IN NIGERIA; THE EFFECT OF TREASURY SINGLE ACCOUNT – TSA (A CASE STUDY OF UNIVERSITY OF LAGOS)

  • Type: Project
  • Department: Education
  • Project ID: EDU3624
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 56 Pages
  • Methodology: Statistical Analysis
  • Reference: YES
  • Format: Microsoft Word
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ABSTRACT
Higher education in Nigeria has witnessed a significant growth in terms of expansion of access through increase in enrolment and establishment of additional institutions. However, it is saddening to note that many of the indices that can guarantee qualitative higher education are not taken into consideration in the country's quest to meet quantitative target. It has been observed that political factors are the main motives behind many of the expansion polices especially in the university system (Ekundayo, 2008) In fact, capital projects to meet the expanding programmes could not take off, in case where they took off, they had to be abandoned due to lack of funds. The result according to Ekundayo (2008) was a summon table pressure on the available limited resources thereby resulting in downward pressure on staff salaries together with deteriorating working conditions. The effect includes high degree of "brain-drain" among the academic staff, incessant strikes action, students’ riots and lecture boy-cots etc. All these will have a by - effects in the quality of higher education in Nigeria.
As laudable as TSA appears to, it is fraught with many challenges. Most of the revenue generating agencies and their parent ministries are not comfortable with the TSA regime. They believe it will limit their control over the funds they are making which in most cases they use to finance some extra budgetary expenses. In the same vein, Academic Staff Union of Universities (ASUU) and Academic Staff Union of Polytechnics (ASUP) have shown great apathy and serious critics against the adoption of TSA in tertiary institutions.


ABSTRACT
TABLE OF CONTENT

CHAPTER ONE
INTRODUCTION
1.1    Background to the Study
1.2    Statement of the Problem
1.3    Objectives of the Study
1.4    Research Questions
1.5    Research Hypotheses
1.6    Significance of the Study
1.7    Scope of the Study
1.8    Limitation of the study
1.9    Definition of Terms

CHAPTER TWO
LITERATURE REVIEW
2.1 INTRODUCTION
2.2 LITERATURE REVIEW
2.3 The Nigeria Tertiary Education System
2.3.1 Effects of Inadequate Funding On Tertiary Institutions
2.3.2 Possible Sources Of Funding Higher Education In Nigeria
2.4 TREASURY SINGLE ACCOUNT ON TERTIARY INSTITUTIONS FUNDING IN NIGERIA
2.4.1 The meaning of treasury single account (TSA)
2.4.2 History of TSA in Nigeria
2.4.3 Benefits of treasury single account
2.5 EMPERICAL REVIEW

CHAPTER THREE
METHODOLOGY
3.1    Research Design
3.2     The Study Area
3.3    Population of the Study
3.4    Sample Size and Sampling Techniques
3.5 Sources of Data Collection
3.6 Instrument for Data Collection
3.7    Validity of Research Instrument
3.8    Reliability of the Instrument
3.9    Administration of the Instrument
3.10    Method of Data Analysis
 3.11    Decision Rule

CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
BIO DATA OF RESPONDENTS
DATA ANALYSIS
CONCLUSION

CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1    Summary of Findings
1.2    Conclusion
1.3    Recommendations
Appendix


CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
The funding of tertiary education in Nigeria was before now left in the hands of university management .Universities had the autonomy to seek, receive funding and carry out expenditures for their respective institutions. This was the responsibility of the councils of the universities. Consequently, they were expected to submit annual reports of their financial transactions to the national universities commissions. Universities adopted the liberal Treasury system which permitted them to receive and disburse grants and endowments from within and outside the country. Therefore, funds which accrue to tertiary institutions were sent directly into their commercial bank accounts. However, many of this funds were not used for their intended purposes and some were abused   by university management.
Consequently, the current administration of PresidentMuhammadu Buhari in the inception of his administration instituted the treasury singly account for all federal institutions, ministries and agencies.
 Adeolu (2015) defined  treasury single account as   a public accounting system in which all government revenue, receipts and income are deposited into one single account, and this account is maintained by the  nation’s  Central Bank  while all approved payments  are carried out from the same account. The essence was eliminate corruption and ensure proper cash management. Similarly Akande (2015) defined Treasury Single Account (TSA) asis a unification of all government bank accounts into a single consolidated account where all revenues and expenditures of government are made. Thereby, giving the government a true picture of its cash position for a given period of time.The study seek to appraiseTertiary education funding in Nigeria; the effect of TSA using a case study of University of Lagos.


1.2 STATEMENT   OF   THE PROBLEM
The university had long operated an autonomous system of managing its funds as the council of universities had the autonomy to receive funds, grants etc to manage the university system. However, the current government of President MuhammaduBuhari adopted a new policy referred to as the treasury singly account which requires that all government revenues and payments be made under a single consolidated account of government. While the system has been successful in many government ministries and agencies, the tertiary institutions are not finding it easy operating under the new system.Tertiary education unions in Nigeria are strongly against the policy stating that the policy has hindered foreign grants for research and trainings and also caused delays in the payment of salaries. They are of the opinion that the policy has hindered projects in higher institutions and that foreign partners are opposed to sending funds meant for research in higher institutions into government accounts.However the while this proposition has been known to the government, the governments insist that all tertiary institutions adhere strictly to the policy of the treasury single account. Consequently, the problem confronting the study is to appraise Tertiary education funding in Nigeria; the effect of TSA a case study of university of Lagos.
1.3 OBJECTIVE   OF THE STUDY
The Main Objective of the study is to appraise Tertiary education funding in Nigeria; the effect of TSA. A case study of university of Lagos; The specific objectives include
1 To determine therelevance of Tertiary education funding in Nigeria.
2 To determine thenature of TSA.
3 To determine the effect of TSAon Tertiary education funding in Nigeria; A case study of university of Lagos.

1.4 RESEARCH QUESTIONS
1 What is therelevance of Tertiary education funding in Nigeria?
2 What is the nature of TSA?
3 What is theeffect of TSAon Tertiary education funding in Nigeria; A case study of university of Lagos?

1.5 STATEMENT OF THE HYPOTHESIS
The statement of the hypothesis for the study is stated in Null as follows
HO    The level of Tertiary education funding in university of Lagos is low.
Ho   Theeffect of TSAon Tertiary education funding in university of Lagos is negative.
1.6 SIGNIFICANCE OF THE STUDY
The study investigates the effect of treasury single account on Tertiary education funding in Nigeria with a case study of university of Lagos. It provides relevant data for the effective formulation and implementation of policies      to enhance the realization of envisaged objective.
1.8 LIMITATION OF THE STUDY
The study was confronted with logistics and geographical factors.

1.9 DEFINITION OF TERMS
TSA DEFINED
Treasury single account as   a public accounting system in which all government revenue, receipts and income are deposited into one single account, and this account is maintained by the nation’s Central Bank while all approved payments are carried out from the same account. The essence was to eliminate corruption and ensure proper cash management.

TERTIARY EDUCATION DEFINED
This is the Education at a levelabovethat of secondary or highschool.
STRIKE DEFINED
Strike is viewed as the stoppage of work which is the result of the mass refusal of employees to work, as reaction to employee grievances
EDUCATIONAL SUPERVISION DEFINED
Educational Supervision consist of all effort involving school officials directed at t providing leadership to educational workers or teachers to enhance an  improved educational system and institution. The process involves the deployment of human and material resources
EDUCATION DEFINED

Education is viewed as the process of inviting truth and possibility. It is the wise, hopeful and respectful cultivation of learning undertaken in the belief that all should have the chance to share in life.


TERTIARY EDUCATION FUNDING IN NIGERIA; THE EFFECT OF TREASURY SINGLE ACCOUNT – TSA (A CASE STUDY OF UNIVERSITY OF LAGOS)
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

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  • Type: Project
  • Department: Education
  • Project ID: EDU3624
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 56 Pages
  • Methodology: Statistical Analysis
  • Reference: YES
  • Format: Microsoft Word
  • Views: 166
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    Details

    Type Project
    Department Education
    Project ID EDU3624
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 56 Pages
    Methodology Statistical Analysis
    Reference YES
    Format Microsoft Word

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