Journal Name:
- The Turkish Online Journal of Distance Education
Author Name | University of Author |
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Abstract (2. Language):
This study provides relevant economic ideas that can assist Nigeria and other African
countries in making innovative policies at privatizing university education. A review of the
education market scene on the continent provides an imperfect market with adverse
consequences occasioned by inadequate information and unbridled competition.
Advocating a joint role for sharing the costs and benefits of university education between
government and private sectors, the study suggests a four-policy option for adoption by
Nigeria and other African countries. These are, in ascending order of importance:
regulated private,
subsidized private,
competitive private, and
complementary private systems of university education
Using the Backcock University in Nigeria as an example, this paper demonstrates the
positive managerial influence of a competitive and complementary system of private
university. Nevertheless, to forestall market failure, this study rounds off by pointing out
the reformatory, regulatory and redemptive roles of government in the management of
private universities in Nigeria and other African countries.
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