FINANCIAL OUTSOURCING FOR ADMINISTRATION OF PUBLIC UNIVERSITY EDUCATION IN RIVERS STATE

Education

This study examined financial outsourcing for administration of public university education in Rivers State. The design for the study is descriptive survey. Three research questions and three hypotheses were raised to guide the study. The population of the study comprised three public universities in Rivers State which consisted of 162 administrative staff. A sample size of 162 administrative staff was used for the study. The instrument for data collection is a self-structured questionnaire titled: Financial Outsourcing for Administration of Public University Education Questionnaire (FOAPUEQ). The instrument was validated by experts and Cronbach Alpha method was used to test the reliability of the instrument which yielded an index of 0.81. Mean and standard deviation were used to answer the research questions, while the hypotheses were tested at 0.05 level of significance using z-test statistics. The findings of this study revealed that the benefits of financial outsourcing, the ways funds can be outsourced and the challenges encountered in financial outsourcing significantly contribute to the administration of public university education in Rivers State. Based on the findings, it was recommended among others that government through the National University Commission (NUC) should encourage university management to formally adopt financial outsourcing as an integral strategy for generating funds for public university education administration in Rivers State and Nigeria at large, considering the numerous benefits of it. Also, the management of universities and other university stakeholders should endeavour to outsource more of university services aimed at introducing profitable ways funds can be outsourced for administration of public university education in Rivers State.

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