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

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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

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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), 2022. Published by Science Publishing Group

Keywords

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

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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

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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

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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

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@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}
}

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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  -

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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

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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

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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

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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

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@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}
}

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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  -

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